Hyderabad-based ForaySoft and US-based ES Search Consultants Introduce AI Modules for Insurers’ Claims and Risks

Hyderabad, Telangana – September 11, 2025 – Hyderabad-based ForaySoft, a global technology and consulting firm, announced a joint development initiative with US-based ES Search Consultants today to deliver modular, AI-enabled technology components tailored for insurers.

ForaySoft plans to expand its AI Center of Excellence in Hyderabad and launch pilot programs with key insurance clients across India, the US, and the Middle East during fiscal year 2025-26.

These new AI solutions are engineered for seamless integration into existing insurer technology frameworks, facilitating a smooth adoption. The initial modules will feature:

• Smart automation for claims intake and triage workflows
• Advanced pre-built risk scoring engines utilizing structured and behavioral data
• Intuitive fraud pattern tracking tools, designed for integration with SIU workflows

Madhu Koneni, President of ForaySoft’s technology division, stated, “We are developing and delivering AI-driven insurance tech tools that can be embedded directly into carriers’ operational systems. 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.”

Vasu Babu Vajja, ForaySoft’s Managing Director, added, “This initiative aligns with ForaySoft’s vision of blending deep domain expertise with next-generation AI innovation to serve sectors ready for transformation. We intend to expand our AI Center of Excellence and implement pilot programs with key insurance clients across India, the US, and the Middle East in FY 2025-26.”

ForaySoft currently employs over 40 experts and plans to recruit an additional 100 professionals for its engineering and delivery teams.

A McKinsey Report highlights the significant advantage of AI leadership, noting, “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: Founded in 2011, Hyderabad-based ForaySoft operates as a global technology and consulting firm, having successfully delivered over 300 projects across six countries. Supported by a workforce of more than 3,000 professionals and 50 development teams, the company assists enterprises in modernizing operations and deploying scalable, industry-specific solutions.

About ES Search Consultants: US-based ES Search Consultants offers AI-driven insurance technology solutions and advisory services, partnering with insurers to integrate practical, value-driven tools into their existing systems.