ForaySoft and ES Search Develop Insurance-Specific Automation Tools for Claims and Risk Operations

Hyderabad headquartered ForaySoft, a global consulting and systems integration firm, has announced a joint development initiative with US based ES Search Consultants to deliver modular technology components for insurers.

Built to integrate into insurers’ existing stacks, the solutions include:

• Automation modules for intake and triage in claims workflows
• Pre-built risk scoring engines using structured and behavioral data
• Fraud pattern tracking tools designed for integration with SIU workflows

“Together we are developing and delivering AI driven insurance tech tools that can be embedded directly into carriers’ operational systems,” said Mrudula Munagala, President at ES Search Consultants. “These aren’t abstract platforms, they are task-specific utilities designed with underwriters, adjusters, and fraud teams in mind. Through our solutions insurers gain greater efficiency, agility, and customer trust, delivering outcomes that matter in a competitive market." Mrudula adds.

“This move aligns with ForaySoft’s vision of combining deep domain expertise with next-gen AI innovation to serve sectors that are 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 2025.” said, Vasu Babu Vajja, Managing Director of ForaySoft.

ForaySoft, with over 40 experts currently in place, plans are afoot to hire 100 more across engineering and delivery teams.

The company 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.

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 Founded in 2011 Founded in 2011, is a global technology and consulting firm with over 300 projects delivered across 6 countries. Backed by 3,000+ professionals and 50+ developer teams, the firm helps enterprises modernize operations and implement scalable, industry-specific solutions.