In The News

Insurtech’s Pay-As-You-Go Promise

Even though Metromile was groundbreaking with its pay-per-mile insurance, it certainly wasn’t the first to provide usage-based cover. In fact, the earliest documented paper insurance policy, a commercial policy, was a pay-per-use policy and was dated Feb. 13, 1343. It covered 10 bales  …   Read More 

Majesco Cloud Solution to be Implemented by New York Life

Majesco announces that New York Life implemented Majesco Rating, for their Group Membership Association Division (GMAD). New York Life is a mutually owned Fortune 100 company and one of the largest life insurers in the world. The Group Membership Association Division is a unit  …   Read More 

New York Life Implements Majesco Rating in the Cloud

New York Life has implemented Majesco Rating in the cloud for its Group Membership Association Division, the companies announced today. The GMAD unit serves the insurance needs of more than 600 membership groups across North America. The platform, installed in less than three  …   Read More 

6 Minutes of History From 2016

We knew that 2016 would be big. To capture the flavor of the pace and magnitude of change, I wrote a series of blogs where I likened the dramatic shifts in insurance technology to what happened during the original Italian Renaissance, when education,  …   Read More 

Insurtech’s Pay-As-You-Go Promise

Even though Metromile was groundbreaking with its pay-per-mile insurance, it certainly wasn’t the first to provide usage-based cover. In fact, the earliest documented paper insurance policy, a commercial policy, was a pay-per-use policy and was dated Feb. 13, 1343. It covered 10 bales  …   Read More 

Connected Insurance and the opportunities for startups

It depends on the business line, the market and the business model. Let’s talk about the business model: A startup with a B2C approach is selling connected insurance products to the final users. This player needs a proprietary underwriting algorithm only if it  …   Read More 

How to evaluate an InsurTech start-up

I will consider the fundamentals of business model. My framework to evaluate an insurtech initiative is based on four axes: 1. Profitability: Impact on the level of profitability of the insurance portfolio, for example acting on the loss ratio level or on the  …   Read More 

Main Challenges for InsurTech Startups

The lack of insurance knowledge, many ideas out there are fascinating but are far to be a sustainable business. I’ve seen many insurtech business models miss the specificity of the local insurance sector considering their market fit. Many other initiatives are completely unsustainable  …   Read More 

Sign Up For Email Updates From Majesco

Get the latest news, product information, research, insights and best practice guides from Majesco delivered straight to your inbox.