Complementary Solutions
Loss Control
Drive Intelligent Risk Insights
Today’s market environment demands a greater focus on underwriting profitability and risk mitigation in order to minimize claim and enhance customer experiences. Loss control is not just for complex, high-risk scenarios, but available for a broader portfolio leveraging self-service loss control, automation, and integration to core.
The Future of Loss Control Is Here
The most fully featured and configurable loss control management software that automates the life cycle of a survey from creation to completion with an ecosystem of tools intelligently driven by data from Majesco’s growing contributory database, integrated business solutions, third party data, inspection companies and more.
Innovative AI Using the Industry’s Largest Set of Survey Data
Loss Control’s data includes over 16 million property surveys completed by trained risk engineers in the field and has been QA tested. Those 16 million surveys contain over 200 million photos, all tagged to the risk. It is the perfect (valuable and massive) data set upon which to applying machine learning.
AI-Enabled Property Risk
The risk characteristics contained within the database allow Majesco to create models that can determine how much risk there is for almost any specific given property. Take a picture of an electrical panel, a hot water tank, a roof, a backyard, and the software will automatically analyze and match it against the 200 million photos in the database.
Insurance Solutions
Automate & Streamline Loss Control Surveys
Automate the survey lifecycle from creation to completion with the most robust, configurable survey management platform available.
Leverage Data
Leverage a robust data warehouse of your third-party and contributory data for collection, risk analysis and reporting.
Gain Risk Insights
Analyze your book of business to identify survey suggestions to a larger portion of the business to drive informed decisions and improved profitability.
Empower Your Team
Empower and grow your field loss control staff with automated, intelligent surveys that deliver faster results with increased customer satisfaction.
“For us, Loss Control is not just a system that we send out to collect some basic information, the system is truly baked into the bread and butter of our company.”
Erin Selfe, VP of IT, Pennsylvania Lumbermens Mutual
Featured Resources
Blog
The Value of Battle-Hardened Loss Control Systems
Build vs Buy: Why it Makes Sense to Buy a Survey Management System The Majesco Loss Control 360 team understands that there are many factors that go into a customer’s build vs. buy decision. The first thing you should recognize is there is no such thing as an effective off-the-shelf loss control system. The reason why…
Blog
Using AI to Take Action on Survey Data in Real-Time
Insurance has always been a data-driven business. However, in recent years, insurers have seen the volume, variety and velocity of unstructured data sources increase exponentially, especially in loss control. For example, a few years ago loss control surveys mainly consisted of questionnaires and checklists. Today, smart devices are allowing people to supplement surveys by attaching…
FAQ
A loss control platform manages the entire loss control survey process on insured properties. This includes ordering, assignment to field staff, quality assurance, underwriting, and recommendation follow up. Survey reports, and recommendation letters are generated for underwriters and insureds and this data can be kept in the platform as a system of record.
Premium Audit software helps insurance companies facilitate a periodic review to make sure the estimated workers compensation premium established at the beginning of the policy period accurately reflects any changes in business operations and/or payroll that may have occurred since the policy was issued.
A Guide Stream session is a survey conducted virtually via a live video stream. The session is mentored by an insurance professional who guides a policyholder or other insurance professional through a virtual inspection of a risk. The mentor may take photos and ask questions while providing guidance and recommendations to the inured.
