Core Software
Majesco L&AH Intelligent Core Suite – L&AH Insurance Platform
Unleash the Power of Core with Embedded Data & Analytics and GenAI
Unlock a world of possibilities by harnessing the power of L&AH insurance software with data and analytics and GenAI to revolutionize insurance operations, empower business growth, and drive innovation across life, annuity, and health. insurance solutions for individual, group, voluntary benefits, and worksite products on one powerful platform. Enable faster customer servicing, operational processing, and improve productivity to gain a competitive edge with Majesco Copilot, a GenAI digital assistant. The next-gen architecture of native cloud, microservices, APIs, headless, and embedded data & analytics keeps insures at the leading edge.
Empower Growth & Innovation
Propel your life, annuity, and health insurance business to new heights with our innovative and agile Intelligent Core Suite for L&AH. Harness the power of cloud technology, data analytics, and AI to unlock growth opportunities and stay ahead of the competition.
Streamline Operations & Enhance Efficiency
Streamline your operations and boost efficiency with Intelligent Core Suite for L&AH. Experience rapid implementation with 100+ Predefined Workflows and 1000+ Rules. Say goodbye to legacy debt as you embrace digital transformation, improving customer-centricity and operational effectiveness for optimized outcomes.
Elevate Operational Excellence With GenAI and Majesco CoPilot
Soar to new levels of efficiency and productivity with Majesco Copilot, streamlining processes with up to 80% less effort in quote, policy, billing and claims workflows. In addition, Majesco Copilot streamlines communication by responding to inquiries 70% faster, reduces task setup time by 93%, and accelerates product launches with a 90% reduction in manual business rule configuration.
Deliver Exceptional Customer Experience
Put your customers at the center of your business with Intelligent Core Suite for L&AH. Leverage data-driven insights and personalized offerings to enhance customer experience, fostering loyalty, and satisfaction while staying at the leading edge of the industry.
L&AH Intelligent Core Suite Solutions
Power Your Business with a Versatile Single Platform
Our powerful single platform supports carriers in seamlessly managing individual, group, and voluntary benefits while ensuring portability, multi-tenancy, optimized operations, personalization, and rapid product introductions.
- Enable multiple insurance carriers, underwriting companies, and TPA’s to leverage a genuine multi-tenant platform for seamless operations.
- Enhance operational efficiency by harnessing extensive data on policies, billing, and claims, while leveraging personalized experiences, informative cues, real-time notifications, AI chatbots, and automated documentation.
- Rapidly introduce innovative products, streamline administrative processes, and gain a competitive edge in the market.
Streamline Operations with Advanced Configuration and Integration Capabilities
Accelerate new line of business setup and launch using our business-centric configuration studio, leveraging pre-defined features, templates, and workflows for rapid innovation. Seamlessly integrate individual dental administration and optimize group interest-sensitive LOB processes for streamlined operations.
- Set up and launch new lines of business effortlessly using Product Studio, Majesco’s new modern configuration tool leveraging dynamic wizards via a business-centric view.
- Drive rapid product innovation and launch by leveraging our extensive library of pre-defined features, templates, rules, calculations, and workflows, inheriting, and copying attributes for improved efficiency.
- Seamlessly integrate and streamline individual dental administration on a unified platform, ensuring smooth workflows.
- Streamline and optimize the end-to-end process for group interest-sensitive lines of business, incorporating interest calculations and efficient account maintenance.
Accelerate Market Adoption
Stay ahead in the market by quickly adapting to changes and delivering value promptly. Leverage advanced technologies, including microservices, APIs, cloud, digital capabilities, and AI/ML, to maximize operational effectiveness and foster innovation.
- Leverage an ecosystem of cutting-edge technologies that includes microservices, APIs, cloud, digital capabilities, and AI/ML to maximize operational effectiveness and innovation.
- Reimagine the way you work with Majesco Copilot, with time savings of up to 80% for tasks like entering broker requests, bill reconciliation, creating tasks, claim creation, and expediting claim adjudication.
- Leverage intelligent claim analytics, to make informed decisions, and effectively minimize financial losses.
Enhance Operational Efficiency and Performance
Scale your operations seamlessly to handle increasing volumes of data, transactions, and policyholders without compromising performance.
- Optimize straight-through processing to achieve competitive market position and realize true speed to value.
- Utilize enhanced dashboard and reporting capabilities with over 30 built-in views, 50+ report options, and seamless Power BI integration to create customizable, 360-degree reports across underwriting, enrollments, billing, and claims, driving operational efficiency and profitability with real-time insights and flexible visualization options.
- Ensure performance is not compromised while scaling operations to handle growing volumes of data, transactions, and policyholders.
“Partnering with industry leaders like Majesco further simplifies the implementation of our services with insurers of all sizes, meeting beneficiaries where they are. Together, we are transforming transactions into relationships and sticking around with families in the days, weeks, and months following their loss.”
Ron Gura, Co-Founder & CEO, Empathy
Featured ResourCes
Thought Leadership
Bridging the Customer Expectation Gap: Group & Voluntary Benefits
While the “traditional” Group & Voluntary Benefits customers – Gen X and Boomer SMBs – have been loyal to their insurers for years, they are now becoming more digitally savvy and demanding greater value from their insurance providers. At the same time, there is increasing dominance of SMB customers in the Gen Z and Millennial…
FAQ
An intelligent core suite includes policy, billing and claims components that are pre-integrated across the three, providing a solution that supports the end-to-end lifecycle of a policy.
The underpinnings of any overall improvement come back to innovation and technology. Growth and operational-oriented areas like digital experience, new products, fluidless underwriting, a back-office refresh, touchless claims, and new channels, require investments. The next generation of technology like L&AH Intelligent Core Suite is maturing – Cloud, API, and microservice-based solutions that are rich in capabilities and content to meet an ever-changing market.
Using a single intelligent core platform for individual and group/benefits provides the ability for insurers to grow and retain customers regardless of where they initially start. Voluntary benefits are increasingly popular and offer insurers an opportunity to port a benefit to an individual product when employees leave their employment but want to retain their insurance. A single platform allows insurers to do this, rather than having multiple systems that do not support customer centricity and increase costs.
AI in life, annuity, and health insurance software automates underwriting and enhances claims processing. By leveraging machine learning and predictive analytics, insurers can make data-driven decisions that improve accuracy and efficiency.
A cloud-based L&AH insurance solution offers scalability, real-time data access, and seamless integration with third-party services. It reduces IT costs, enhances security, and ensures rapid deployment of new insurance products.
