Coforge has announced a strategic partnership with Solstice Innovations to accelerate property and casualty (P&C) insurance modernization through advanced Agentic AI technology. The collaboration, announced through an official press release under Regulation 30, marks a significant step in transforming traditional insurance operations through intelligent automation.

Strategic Partnership Framework

The partnership brings together Coforge's Forge-X AI platform with Solstice's agentic Equinox™ platform to create an end-to-end modernization proposition for P&C insurers. Under the agreement, Coforge will establish a dedicated Center of Excellence (CoE) powered by its Forge-X AI platform, enabling faster client onboarding, system integration, migration, quality engineering, and business process transformation.

Technology Integration and Capabilities

The collaboration combines two AI-native capabilities to redefine P&C insurance modernization. Solstice's Equinox platform serves as a modern, intelligent core system that transforms how insurers operate and interface with technology products. Coforge's Forge-X acts as an AI-driven delivery engine that accelerates client migration from legacy environments to the Equinox platform with reduced implementation costs and lower risk.

According to Rajeev Batra, Global Insurance Practice Head at Coforge, "The partnership between Coforge and Solstice marks a defining moment for P&C insurance modernization. By combining the agentic AI power of Equinox with our Forge-X platform, we are fundamentally changing the economics and speed of core system transformation."

Platform Specifications

The Solstice Equinox platform unifies policy, billing, claims, and agency management into a single configurable environment. Its multi-peril flexibility spans NFIP flood, private flood, homeowners, and broader P&C lines, enabling insurers to quickly launch new products and reduce compliance costs.

Coforge's Forge-X platform is built on Agentic AI principles and spans across the Software Development Life Cycle (SDLC) and Product Development Life Cycle (PDLC). The platform ensures precision, agility, and industrialization across product development initiatives while delivering faster time-to-market and optimized engineering costs.

Market Impact and Future Outlook

Travis Pine, Co-Founder and CEO of Solstice Innovations, emphasized the market significance: "Combining Equinox's modern AI-leveraged architectural capabilities and Coforge's Forge-X platform, we are offering insurers something the market has never seen before: a truly end-to-end intelligent modernization experience."

This partnership positions both companies to deliver enhanced digital transformation services to insurance clients, combining technical expertise with specialized knowledge in insurance technology solutions. The collaboration aims to streamline insurance processes, enhance customer experiences, and improve operational efficiency through intelligent automation and AI-powered decision-making systems.

Coforge Limited has received a crucial regulatory approval from the Reserve Bank of India for its ongoing Encora acquisition, bringing the company closer to completing the significant overseas investment transaction.

RBI Approval for Overseas Investment

The company announced on March 30, 2026, that it has secured approval from the Reserve Bank of India for Overseas Direct Investment exceeding USD One Billion under Foreign Exchange Management (Overseas Investment) Rules. This approval represents a major regulatory milestone for the acquisition process.

Transaction Background

The acquisition stems from a share subscription and share purchase agreement executed on December 26, 2025. The transaction involves multiple entities across different jurisdictions, reflecting the complex international nature of the deal.

Previously Obtained Approvals

Coforge has systematically secured multiple regulatory clearances across various jurisdictions. The company received Hart-Scott-Rodino Antitrust Improvement Act approval in the United States on January 28, 2026. Additionally, shareholders provided their approval via postal ballot on February 28, 2026, covering several critical aspects of the transaction.

The shareholder approval encompassed:

• Preferential Allotment matters
• Debt Funding arrangements
• Special rights under the Share Purchase Agreement to Advent
• Competition-related approvals in other jurisdictions including Australia

Pending Regulatory Clearances

While significant progress has been made, several other regulatory approvals required across various jurisdictions remain pending. The company has indicated these approvals are currently in advanced stages of processing, suggesting the completion timeline is progressing as expected.

Coforge management is actively monitoring these regulatory processes and has committed to promptly updating stock exchanges as soon as additional approvals are granted. This systematic approach to regulatory compliance demonstrates the company's commitment to transparency and proper governance throughout the acquisition process.

Compliance and Disclosure

The announcement was made under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulation, 2015. Company Secretary and Compliance Officer Barkha Sharma signed the disclosure, ensuring proper regulatory compliance and stakeholder communication throughout the transaction process.