Hyderabad-based ForaySoft, a global technology and consulting firm, today announced a joint development initiative with US-based ES Search Consultants to deliver modular AI-enabled technology components for insurers.
(Isstories Editorial):- Hyderabad, Telangana Sep 11, 2025 (Issuewire.com) – Hyderabad based ForaySoft, an international consulting and systems integration firm, has announced a joint development initiative with US based ES Search Consultants to deliver modular AI-enabled technology components for insurers today.
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ForaySoft plans to expand its AI Center of Excellence in Hyderabad and roll out pilot programs with key insurance clients across India, the US, and the Middle East in FY 2025-26.
The new AI solutions are designed for effortless integration into insurers’ existing technology frameworks, ensuring a smooth adoption process. The initial modules will include:
- Smart automation modules for intake and triage in claims workflows
- Advanced pre-built risk scoring engines using structured and behavioral data
- Intuitive fraud pattern tracking tools designed to integrate with SIU workflows
“We are developing and delivering AI-driven insurance tech tools that can be embedded directly into carriers’ operational systems,” said Madhu Koneni, President of our technology division. He further added: “These aren’t abstract platforms; they are task-specific utilities designed for underwriters, adjusters, and fraud teams. Through our solutions, insurers gain greater efficiency, agility, and customer trust, delivering outcomes that matter in a competitive market.”
ForaySoft’s Managing Director, Vasu Babu Vajja, added: “This move aligns with ForaySoft’s vision of combining deep domain expertise with next-gen AI innovation to serve sectors ripe for transformation. We plan to expand our AI Center of Excellence and roll out pilot programs with key insurance clients across India, the US, and the Middle East in FY 2025-26.”
ForaySoft currently employs more than 40 experts and plans to hire 100 more across engineering and delivery teams.
According to a McKinsey Report – Insurers that are AI leaders are already outshining their peers. Reportedly, over the past five years, the insurance sector’s AI leaders have created 6.1 times the Total Shareholder Returns (TSR) of AI laggards (compared with two to three times in most other sectors).
About ForaySoft: Hyderabad based ForaySoft was founded in 2011 and is a global technology and consulting firm with over 300 projects delivered across 6 countries. Backed by a workforce of 3,000+ professionals and 50+ development teams, the company helps enterprises modernize operations and implement scalable, industry-specific solutions.
About ES Search Consultants: US-based ES Search Consultants provides AI-driven insurance technology solutions and advisory services, collaborating with insurers to embed practical, value-driven tools into existing systems.
Foray Software Pvt Ltd
[email protected]
Foray Software Private LimitedVVVG Elite, Plot No. 241, Kavuri Hills, Phase-2,Madhapur
https://www.foraysoft.com/
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