Introduction to Majesco Fall 2024 Product Release
Majesco's Fall 2024 Product Release brings a wave of innovation to the insurance industry, empowering P&C and L&AH insurers with cutting-edge solutions to enhance operational efficiency and user experiences. By incorporating Generative AI (GenAI) into their Core Systems, Majesco is not only streamlining insurance processes but revolutionizing them, offering precision, speed, and unprecedented efficiency.
Majesco Copilot: Leading the Industry
At the core of this revolutionary release is Majesco Copilot, a seamlessly integrated platform packed with powerful features that set a new standard for insurance platforms. Copilot enables insurers to automate bill and invoice processing, saving 2.5 hours per claim. It also offers fast upgrades in under 10 days, 360-degree portals for a unified digital experience, and FNOL360 support right out of the box, catering to Personal Auto and CPP claims.
P&C Intelligent Core Features
The P&C Intelligent Core within Majesco's Fall 2024 release includes game-changing features like Copilot, which streamline claims processing, enhanced performance with faster API calls, and 360-degree portals for comprehensive digital experiences. It also incorporates multi-carrier quoting, paperless documentation, and AI-powered Copilot help for real-time assistance, empowering insurers with unparalleled agility.
Enterprise Rating and Loss Control Enhancements
The Fall 2024 release also includes updates to Enterprise Rating, integrating ML insights from Property Intelligence and EcoExchange, along with AI Copilot capabilities in Product Studio for real-time rating support. Loss Control features mobile-ready solutions for risk engineers, revamped APIs for seamless integration, and Copilot task management to enhance efficiency in survey processes.
L&AH Intelligent Core and ClaimVantage Solutions
For L&AH insurers, the Fall 2024 release offers Copilot Document Intake for a 50% productivity boost, 50+ reports and dashboards for enhanced business insights, and an Excel-like Formula Builder for faster training. Additionally, ClaimVantage Enterprise Claims, Absence Management & IDAM updates ensure compliance with regulatory amendments, configurable forms, and automation-driven processing for efficiency.
Intelligent Sales and Underwriting and Digital Platform Advancements
The release introduces advanced dental plans, seamless integration of Life & Disability products, copilot onboarding for producer efficiency, and compensation analytics for real-time insights. The Digital Platform features P&C Core Integration, GenAI for Developers, new widgets for enhanced UX, and Digital1st Analytics for real-time data replication.
Driving Innovation Forward with Majesco
Majesco's Fall 2024 Product Release marks a significant step in reshaping the insurance landscape, offering insurers the tools they need to stay at the forefront of industry innovation. With a focus on efficiency, agility, and customer experience, Majesco continues to lead the charge towards a more advanced and interconnected insurance future.