Welcome to Knowledge Base!

KB at your finger tips

This is one stop global knowledge base where you can learn about all the products, solutions and support features.

Categories
All

Products-Majesco

Revolutionizing Insurance with Majesco's Intelligent Core Software Solutions

The Need for Next-Generation Intelligent Core Platforms

In today's dynamic business landscape, characterized by rapid change and technological advancements, the demand for next-generation intelligent core platforms integrated with embedded data and analytics, such as GenAI, is more significant than ever. The evolving customer expectations, talent shifts, market dynamics, and technological innovations necessitate a robust operating foundation that can adapt to these changes and drive growth and innovation. Leading organizations in the industry are embracing intelligent core software solutions to navigate these challenges and capitalize on new opportunities.

Enabling Optimization, Growth, and Innovation

By deploying advanced intelligent core platforms, insurers can accelerate the launch of new products, provide value-added services, reach new markets, and deliver personalized customer experiences swiftly. These platforms come equipped with pre-configured content, established best practices, comprehensive data and analytics, GenAI capabilities, and digital portals that empower insurers to drive optimization, growth, and innovation. The foundation provided by these next-gen core platforms allows insurers to stay agile, adapt to market dynamics, and achieve sustained growth in a rapidly changing environment.

Accelerating Operational Agility & Innovation

Majesco's intelligent core platforms for Property & Casualty (P&C) and Life & Annuities (L&AH) insurance sectors are reshaping the industry with their embedded insights, advanced functionalities, and cutting-edge technologies. These platforms offer insurers a flexible foundation that enables rapid adaptation to market changes, cost-effectiveness, and scalability in the cloud. Leveraging microservices, APIs, AI/ML, generative AI, and access to new data sources, insurers can execute a two-speed strategy that combines operational efficiency with innovation to meet current and future demands seamlessly.

Driving Market Leadership and Value Creation

Majesco's P&C Intelligent Core Suite and L&AH Intelligent Core Suite revolutionize the insurance landscape by providing insurers with the tools to innovate, enhance operational effectiveness, and exceed customer expectations. The P&C suite offers insurers flexibility and speed to launch new products, drive growth, and gain a competitive edge through embedded data and analytics. On the other hand, the L&AH suite empowers insurers to cater to diverse customer needs, create innovative products, and deliver exceptional solutions on a unified platform. With solutions like P&C CoreConnect, P&C Enterprise Rating, ClaimVantage Claims Management, and Intelligent Sales & Underwriting Workbench, Majesco enables insurers to transform their operations and drive business success.

Embracing Innovation with Majesco's Intelligent Core Software

With Majesco's intelligent core software solutions, insurers can unlock the power of cloud technology, AI-driven processes, and advanced analytics to drive innovation and market leadership. The platform's inherent flexibility and scalability allow insurers to adapt to changing market conditions, fulfill customer demands, and stay ahead of the competition. By integrating cutting-edge technologies and fostering an ecosystem of capabilities, Majesco empowers insurers to reimagine their core operations, streamline business processes, and elevate the overall customer experience.

Revolutionizing the Insurance Industry with Majesco's Next-Gen Solutions

Majesco's Commitment to Innovation

Majesco, a leading insurance software company, is dedicated to revolutionizing the insurance industry by helping companies stay ahead of change. With a strong foundation in insurance, Majesco focuses on continuous evolution through relentless innovation. The company understands that customers expect engaging and simple experiences, similar to those in entertainment and food delivery sectors. By leveraging its expertise in insurance software and digital transformation, Majesco empowers insurers to provide faster, easier, and better insurance solutions to meet modern customer demands.

Read article

Revolutionize Your Property & Casualty Insurance with Majesco's P&C Intelligent Core Suite

Introduction to P&C Insurance Solutions

In today's fast-paced digital landscape, the property and casualty insurance market demands operational efficiency and innovation to meet the needs of digitally savvy customers. Majesco's P&C Intelligent Core Suite offers a cutting-edge solution to help insurers maintain a competitive edge. With a focus on delivering fast, convenient, and seamless products and services, this suite enables insurers to launch new products rapidly, enhance customer experiences, and easily scale their operations. By leveraging this next-gen solution, insurers can achieve speed-to-value, adapt to market changes, and exceed customer expectations.

Read article

Revolutionizing Insurance Operations with GenAI from Majesco

The Significance of GenAI in Insurance

In today's insurance landscape, operational complexities such as increasing risks, talent shortages, outdated technology, and financial pressures are primary concerns for insurers. GenAI in insurance has transitioned from a desirable feature to an essential capability, offering accelerated insights, improved risk assessment, and enhanced customer interactions. Majesco Copilot, the industry's pioneering GenAI solution, has demonstrated exceptional results, redefining operational efficiency and productivity within the insurance sector.

Read article

Revolutionizing Insurance with GenAI: Majesco's Foresight Risk and Insurance Services

Introduction to Foresight Risk and Insurance Services

Foresight Risk and Insurance Services, a customer of Majesco, offers a cutting-edge technology-based worker's compensation program aimed at high-hazard clients. This innovative program is strategically designed to enhance workplace safety measures and decrease insurance rates, providing unparalleled value to both brokers and their clients.

Read article

Exploring the Future of Insurance Innovation with Majesco

The Need for Innovation in the Insurance Industry

The insurance industry is facing numerous challenges and opportunities due to the rapid pace of change in risk assessment, customer demographics, product offerings, distribution channels, data analytics, and technology. Insurers are finding that long-term strategies are becoming outdated as the industry evolves, necessitating a constant focus on innovation. However, this innovation must be sustainable across operational, financial, and technological aspects to keep up with the relentless pace of change.

Read article