Cloud Platform
Cloud Insurance Solutions
A Foundation for Today with the Future in Mind
Insurance leaders must quickly adapt to enable growth and remain competitive. With the pace of change and disruption, aligning technology with business strategies is critical. A cloud-based platform provides a foundation to compete today and in the future.
Leveraging Cloud Platform
Leveraging cloud business platforms avoids the long, difficult, and expensive implementation process usually accompanying systems replacement and subsequent upgrades. Cloud-deployed applications give quick wins that are especially important when insurers are establishing a new system or new capabilities to respond to a shifting market opportunity.
Foundation for Speed and Innovation
Cloud Platform provides a launchpad for innovative business plans and business models, delivering Speed to Value, Speed to Implementation, Speed to Market, and Speed to Revenue. A Business Platform for all insurers, from Greenfields and start-ups to established insurers and reinsurers, to capture the rapidly expanding opportunities for innovation and growth.
Pay as you Grow
The Cloud Platform enables insurers to move to a “pay as you grow” subscription model that allows major financial decisions in three-to-five-year intervals and CAPEX and OPEX savings that can be redirected to business growth strategies.
Meet the Reality of Today’s Market
Agility, innovation, and speed can only be achieved with a cloud business platform. An array of market trends is further fueling the adoption of cloud models that enable insurers to respond with flexibility, agility, and speed. The Cloud Platform runs key business applications and services to match the reality of the changing market and increasing demands of the customer.
Insurance Solutions
FAQ
• Maximize effectiveness across the entire customer journey with deeper engagement
• Enable process digitization for improving both efficiencies and customer experience
• Use digital data-driven insights for better decision-making and proactively identifying customer needs
• Adapt to rapid changes
• Allow rapid rollout of new products and capabilities
Majesco’s platform strategy offers options for three paths forward that include:
• Keep and grow the existing business by modernizing and transforming the business using a next generation core systems in the Cloud.
• Optimize the existing business while creating the new with digital engagement using digital platforms and ecosystem in the Cloud.
• Develop a new business model for a new generation of buyers with a Greenfield and startup initiative using digital platforms and ecosystem in the Cloud.
Fundamentally, to succeed in the digital age, an insurer must focus on the following attributes:
• Customer experience and engagement is priority #1 (People)
• Business innovation is mandatory (Technology)
• Ecosystems extend value (Market Boundaries)
• Speed to value is the differentiator
