Core Software
Core Insurance Software Solutions
A Foundation for Optimization, Growth & Innovation Fueled by Embedded Data & Analytics and GenAI
In an era of business challenges, accelerated change, and rapid transformation, the call for next-generation intelligent core insurance software solutions, enriched with embedded data and analytics, including Gen AI-powered automation and decision intelligence, is louder than ever. The pace of changing customer expectations, employee retirements and fight for talent, increased risk, shifting market dynamics, and technological breakthroughs demand a new operating and technology foundation to meet the demands of today. Industry frontrunners are stepping up to the challenge and opportunity with intelligent core insurance software solutions that leverage Gen AI to enhance underwriting, claims processing, and customer interactions.
This ambitious undertaking is achieved by deploying next-generation intelligent core platforms to launch new products with speed, offering value-added services, expanding to new channels, and crafting personalized customer experiences. These strides are made possible by leveraging sophisticated, next-gen core platforms with ready-to-use content, established best practices, comprehensive embedded data and analytics, Gen AI-driven insights, and digital portals. It propels the insurers forward with a solid foundation that adapts to change and achieves sustained growth, optimization and innovation.
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Accelerate Operational Agility & Innovation
Accelerate Operational Agility & Innovation
Majesco’s intelligent core platforms for P&C and L&AH insurance revolutionize the industry with embedded insights, advanced capabilities, and innovative technologies. Our next-generation core provide insurers with a superior alternative—a flexible foundation that enables rapid adaptation to market changes at scale and with cost-effectiveness all in the cloud. Our intelligent core platforms harness the power of microservices, APIs, cloud, AI/ML, generative AI-powered automation, pre-configured content and best practices, access to new data sources and an ecosystem of innovative capabilities. By incorporating these cutting-edge technologies and fostering robust ecosystems, insurers can seamlessly execute a two-speed strategy—delivering both operational effectiveness and innovation to meet today’s and tomorrow’s demands with agility and ease.
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Achieve Market Leadership and Speed to Value
Achieve Market Leadership and Speed to Value
Majesco Intelligent Core Suite is underpinned with next-generation SaaS platform technology and embedded data and analytics to empower insurers ability to leverage the power of data-driven insights for decision-making and optimize operations. In today’s rapidly shifting marketplace and accelerated digital technology adoption, innovation initiatives must be laser-focused on creating competitive advantages that are informed by valuable insights and deliver speed to value. The Intelligent Core Suite platforms provide a foundation to drive strategic and operational initiatives to meet market demands quickly, outpace competitors and proactively challenge disruptors with speed to market, thereby creating market leadership. By harnessing embedded data and analytics, insurers can ensure long-term growth and success, while establishing their market leader position at the forefront of the industry.
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Unleash the Power of Cloud
Unleash the Power of Cloud
Majesco software solutions are embracing and redefining the possibilities of cloud technology. By embracing innovation and leveraging cutting-edge cloud capabilities, we empower insurers to gain a competitive edge and transform their business to meet continuous new demands with ease. With a focus on addressing business risks and enhancing competitiveness, we go beyond traditional hosting or infrastructure solutions. Instead, we provide insurers with a comprehensive suite of Software as a Service (SaaS) solutions, actively re-architecting underlying software components to harness the full potential of the cloud. By actively embracing agility, scalability, and customer-centricity, our cloud solutions revolutionize insurance operations, driving innovation and propelling insurers ahead of the competition.
- Accelerate Operational Agility & Innovation
- Achieve Market Leadership and Speed to Value
- Unleash the Power of Cloud
“Majesco’s ability to provide out of the box library of pre-configured product templates along with a variety of tools for rapid product development.”
Nehan Jain, Analyst, Quadrant Knowledge Solutions
Insurance Solutions
Featured Resources
Podcast
Building the Foundation First with an Eye to the Customer
Tune in for an all-new podcast with Majesco’s Denise Garth featuring Munich Re’s Chris Skowronski, who joins us with learnings from his experience with two start-ups in e-commerce and now in insurance. Their discussion focuses on how the foundation of start-ups should be built with a digital and customer focus, how to rethink your operating…
Webinar
An Intelligent Core to Transform Your Business
Today’s insurance leaders are replacing their legacy or modern, on-premise core with next-gen SaaS core platforms that are digital, cloud, API, microservices, and AI/ML-enabled reflecting a major technology shift that requires you to rethink your core to remain not only competitive but a step ahead. It is all about an Intelligent core. A next-gen SaaS…
FAQ
Intelligent core platforms – inclusive of policy, billing and claims – include embedded with data and analytics with native cloud, API, microservices, AI/ML, next-gen technologies, and ecosystems as a next-gen foundation for innovation and growth. Every aspect of insurance is being redefined in the context of the future, and it’s clear that next-generation core platforms are the future.
Legacy or even modern, on-premise core systems can’t provide a real-time experience. What is needed is digital functionality. Digital experiences must be ‘cloud-enabled’ to take advantage of valuable cloud-based services and microservices, to bring the function up to the level of the form.
Majesco and Microsoft® offer a tightly integrated and jointly supported secure and scalable digital insurance platform architected for Azure. Majesco Cloud Platform integrated with Microsoft Azure and its insurance vertical capabilities are like an insurance dream team — the partnership fits today’s insurance necessities because the solution is built to deal with insurance’s pain points of the digital world. Majesco Cloud Platform is a future-ready insurance platform for both P&C and L&AH market segments.
Gen AI redefines insurance by automating underwriting, claims processing, and risk assessment with greater accuracy and speed. It enhances decision-making, reduces manual intervention, and helps insurers personalize customer interactions through intelligent automation.
Gen AI in insurance analyzes vast datasets to identify risk patterns, automate document processing, and generate precise underwriting recommendations. In claims management, it enhances fraud detection, expedites processing, and improves resolution times, ensuring a seamless customer experience.
