Analytics Solutions
Data Lakehouse – Enterprise Data Warehouse for Insurance
Powerful Enterprise Data Warehouse for Insurance
No aspect of technology is moving faster, with paradigm shifts, than data and analytics technology. At the forefront is the shift to Data Lakehouse solutions, driven by the cloud. Revolutionize your business with the game-changing Data Lakehouse, a vast data repository that collects all the data from Majesco Core, Digital, Underwriting, and Loss Control solutions and other 3rd party data in their original format. Experience the power of unified data, analytics, and processing capabilities all in one robust enterprise data warehouse for insurance.
Insurance Rich and Specific
Majesco Data Lakehouse is designed specifically for insurance, seamlessly pulling all core, digital, underwriting and loss control data together to provide information of strategic import quickly and efficiently.
Insights Unlocked
Unleash actionable insights using Data Lakehouse’s rich data, powerful functionality and intuitive self-service interface, enabling you to surface innovative ideas and accelerate your business.
Effortless Data Access
Expedite data access by leveraging pre-built ETL utilities in Data Lakehouse, aggregating all data sources, both internal and new external ones, into a single, reliable source of truth.
Unified Data Management
- Leverage powerful analytics capabilities to unlock valuable insights from your insurance data.
- Gain actionable intelligence to drive strategic business initiatives and enhance performance.
- Detect trends, patterns, and risks in real-time, empowering you to proactively respond to market shifts.
Agile Innovation & Scalability
- Effortlessly adapt to growing data demands with a flexible, cloud-native architecture.
- Enable rapid data integration and real-time insights fueled by next-gen technology.
- Support evolving business needs with AI/ML-powered analytics and open data access.
Next-Gen Analytics & Insights
- Near real-time streaming and access to your data from digital apps for elevated business insights.
- Share data from a cloud-native Data Lakehouse for advanced analytics.
- Pull in all data from Majesco solutions as well as other operational or third-party data to use with AI/ML and BI capabilities to unlock actionable insights and comprehensive data-driven capabilities.
“Majesco has been so brilliant about how we can leverage in a permissible way, some of this automized data and bringing it to bear. And this is what we get excited about as it allows where we get a chance to use Machine Learning platform to enhance and make the insurance processes better.”
Jennifer Linton – CEO and Founder, Fenris Digital
Featured Resources
Webinar
Creating Customer Value, Security and Loyalty in Times of Change by Rethinking Insurance
From COVID, to historic inflation, to severe weather events, consumers are enduring an ongoing string of challenges that have shaken their sense of financial security in how they can protect homes, autos, life, and financial well-being. Now more than ever, insurers must take a leading role in helping customers rebuild their confidence, security, and optimism.…
Blog
Maintain Compliance with a Single Platform for Jurisdictional Equipment Inspections
This is the fifth blog in a series on our Fall ’22 Release. Over the next few months, we will continue to spotlight how Majesco is helping insurers achieve relentless innovation and meet the ever-changing market needs with an outside in approach. Great underwriting starts with having the right information when and where you need…
FAQ
A powerful enterprise data warehouse for insurance enables rapid assembly of large data sets from internal and external sources and mine them for transformational insights that position them as market leaders.
Majesco Data Lakehouse adapts to the growing sources of new data with a flexible business and technical architecture framework. Built on a standard MS SQL Server BI Platform, enabling insurers to be 100% self-sufficient, it is pre-integrated with the Majesco P&C Intelligent Core portfolio yet is flexible to integrate with other industry software solutions as well.
Data is at the heart of insurance, within the operational data of core systems to the use of 3rd party data integrated for use in pricing, underwriting, claims and more. In addition, new sources of data are emerging that will offer opportunities for new innovative products and personalized use for underwriting – such as IoT. To support this range of data, insurers need a data foundation in place with an enterprise data model and warehouse that automates the process of collecting and organizing data from multiple sources and provides a single source of truth across your enterprise to enable efficient analysis, reporting, and more, to enable your transformation to a digital insurer.
