Datamatics Global Services Ltd. shares gained up to 3% on Wednesday, May 27, following the company's announcement of a significant AI implementation deal. According to reports from CNBC TV18, the stock was trading 2.9% higher at ₹788 apiece at 12:05 pm on Wednesday. The positive market response reflects investor confidence in the company's AI capabilities and strategic partnerships.
SBI Life Insurance has appointed Datamatics to redefine underwriting operations using Agentic AI-powered automation, as reported by CNBC TV18. The partnership involves implementing Datamatics' TruAI Underwriting solution, which is designed to assist underwriters in handling complex medical underwriting cases with greater speed, consistency and insight. Underwriting represents a mission-critical function for life insurers, particularly for complex cases requiring detailed analysis of medical histories, laboratory reports and multiple risk indicators.
According to Datamatics, TruAI Underwriting ingests and analyses documents such as medical reports, declarations and laboratory results, extracting key medical parameters and highlighting potential risk indicators. The system generates a consolidated digital case summary and provides intelligent decision support, drawing on underwriting rules and historical outcomes. The platform features self-learning capabilities and continuously enhances risk evaluation over time, while maintaining that final decision authority remains with human underwriters to ensure governance, accountability and regulatory compliance.
Rahul Kanodia, vice-chairman and CEO of Datamatics, emphasized the company's strategic direction in AI development. As reported by CNBC TV18, Kanodia stated that "At Datamatics, we are making strategic investments in AI, and Agentic AI to solve complex enterprise problems. Solutions like TruAI Underwriting demonstrate how these investments are translating into tangible business impact for our customers." The CEO's comments highlight the company's commitment to leveraging AI technologies for enterprise solutions.
According to CNBC TV18, Datamatics shares have gained 9% in the past month, demonstrating sustained investor interest in the company's AI initiatives. The stock's performance reflects market confidence in the company's ability to secure strategic partnerships and develop innovative AI solutions for enterprise customers, particularly in the financial services sector.
