Majesco https://www.majesco.com Insurance Technology & Software Systems | IT Solutions Tue, 18 Sep 2018 17:35:18 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Digital Insurance 2.0 for India: Riding a Tech-Powered Revolution https://www.majesco.com/digital-insurance-2-0-india/ https://www.majesco.com/digital-insurance-2-0-india/#respond Thu, 13 Sep 2018 14:37:34 +0000 https://www.majesco.com/?p=51768 India! We are on the strategic radar of many multi-national, national and Greenfield insurers not only for the sheer strength of a 1.2 billion population but also because of the enormous market potential due to the growth of the economy.  What makes India  …   Read More 

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Distribution Ecosystems Foster Digital Insurance 2.0 Growth https://www.majesco.com/distribution-ecosystems-foster-digital-insurance/ https://www.majesco.com/distribution-ecosystems-foster-digital-insurance/#respond Thu, 06 Sep 2018 17:14:33 +0000 https://www.majesco.com/?p=51678 If a prospect or a customer does their own research, finds your product, and buys it online, through mobile, or even through an agent — they have just done you the honor of “buying.” For insurance, the purchase process has been difficult and complex  …   Read More 

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Digital Insurance Solutions are “Just in Time” for Distribution Challenges https://www.majesco.com/digital-insurance-solutions-distribution-challenges/ https://www.majesco.com/digital-insurance-solutions-distribution-challenges/#respond Thu, 30 Aug 2018 13:42:59 +0000 https://www.majesco.com/?p=51568 The insurance industry is obsessed with the idea of time. Insurers sell time-based products that prove their value over time. When consumers and business owners seek coverage, they are thinking in terms of time — envisioning security through the lens of a timeline. The  …   Read More 

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Get the Data Basics Right, Part 3: Analytics Infrastructure https://www.majesco.com/part-3-analytics-infrastructure/ https://www.majesco.com/part-3-analytics-infrastructure/#respond Thu, 23 Aug 2018 20:19:41 +0000 https://www.majesco.com/?p=51520 Look under the hood of a car and complexity stares back at you. There are hoses, wires, clamps, fittings, bolts, components, several different liquids and gases, containers, pulleys, belts, fans, lights and fuses, and the real gem — computer technology. And, of course,  …   Read More 

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Get the Data Basics Right, Part 2: Data Infrastructure – Enterprise Data Warehouse https://www.majesco.com/enterprise-data-warehouse/ https://www.majesco.com/enterprise-data-warehouse/#respond Thu, 16 Aug 2018 21:16:45 +0000 https://www.majesco.com/?p=51468 For the past couple of weeks, we’ve been discussing “Getting the Data Basics Right.” In last week’s blog, we covered the importance of People, Priorities and Processes as the groundwork for a future-ready data foundation, based on our most recent thought-leadership report, Digital  …   Read More 

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Get the Data Basics Right, Part 1: People, Priorities and Processes https://www.majesco.com/get-data-basics-right/ https://www.majesco.com/get-data-basics-right/#respond Thu, 09 Aug 2018 20:28:46 +0000 https://www.majesco.com/?p=51432 If you wanted to chart a course for “the perfect world” of insurance data collection and use, you would likely work in three stages. First, you would lay the groundwork by preparing the organization and its people and processes for a shift in  …   Read More 

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Data Masters vs. Data Mastery: Removing Obstacles to Digital Insurance 2.0 https://www.majesco.com/data-masters-vs-data-mastery/ https://www.majesco.com/data-masters-vs-data-mastery/#respond Thu, 02 Aug 2018 19:26:45 +0000 https://www.majesco.com/?p=51356 What if you could know THE FUTURE? This used to be our industry’s “data” question. Predictability used to be the standard by which data and analytics worked within insurance. Can we use historical patterns to predict risk? Clearly, we can. Our industry is  …   Read More 

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Powering the Insurance Platform with an Online Ecosystem https://www.majesco.com/powering-insurance-platform-with-online-ecosystem/ https://www.majesco.com/powering-insurance-platform-with-online-ecosystem/#comments Thu, 26 Jul 2018 20:29:32 +0000 https://www.majesco.com/?p=51323 In today’s platform economy, insurers are looking to provide products and offerings that are designed to meet customer needs and expectations but may involve components originated outside their enterprises. The main objective is to design a product and service with a seamless customer  …   Read More 

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Insurance Incumbents Must Capture the Startup Mindset with Greenfields https://www.majesco.com/insurance-startup-mindset/ https://www.majesco.com/insurance-startup-mindset/#respond Thu, 19 Jul 2018 13:17:40 +0000 https://www.majesco.com/?p=51293 There is logic in Greenfield development. Greenfields fit new business paradigms by allowing traditional businesses to test, grow and mature at a higher rate of speed. They diversify business investment in much the same way that selecting multiple stocks or mutual funds diversifies  …   Read More 

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Greenfields Create A New Route to Engage and Capture Customers by Breaking Down Barriers https://www.majesco.com/greenfields-create-new-route/ https://www.majesco.com/greenfields-create-new-route/#respond Thu, 12 Jul 2018 13:32:30 +0000 https://www.majesco.com/?p=51277 One of the most famous movie scenes in Hollywood history involves a trash compactor. In Star Wars: A New Hope, Luke Skywalker, Princess Leia and Han Solo find that their only route for escape is actually a dead end. They jump into a  …   Read More 

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