Bengaluru, 21 May: Mid-tier IT firm, Coforge on Tuesday said it has entered into a collaboration with Microsoft to establish the Coforge Copilot Innovation Hub.

The Hub will focus on developing a pipeline of new industry specific generative AI solutions and will work closely with Microsoft to integrate these solutions with Microsoft’s generative AI products and technologies, including Microsoft Azure OpenAI Service, Microsoft Power Platform, and Microsoft Copilot, the company said in a release.

As part of the Copilot Innovation Hub, Coforge said two new copilots will be available- Underwriter Copilot for insurance carriers and Advisor Copilot for financial services organizations.

“The Underwriter Copilot for Insurance is a solution designed to empower insurance underwriters with informed decision-making capabilities and enhanced control, offering a pathway to better ROI and a seamless approach to navigating the complexities of underwriting. The solution focuses on improving combined ratios for carriers by two to three percent, unlocking new revenue opportunities,” the company said.

The Coforge Advisor Copilot solution allows financial advisors to access comprehensive fund information and performance data swiftly through a user-friendly interface. The solution is intended to increase the productivity of financial advisors and asset managers by more than 30 per cent.

“Coforge is taking advantage of its deep industry strengths and customer partnerships in building industry specific generative AI solutions on the Microsoft platform to drive transformation and enhance productivity,” said Sudhir Singh, Executive Director & CEO of Coforge.

“This collaboration with Microsoft will further accelerate our efforts to deliver industry leading generative AI solutions to our customers. We are today introducing two new copilots: Underwriter Copilot for insurance carriers and Advisor Copilot for financial services organizations,” he added.