POWERFUL CORE SUITE FOR L&A AND GROUP INSURANCE
Powerful Single Platform
A powerful single platform that supports Individual, Group and Voluntary Benefits, supporting portability of benefits to an individual product
Rapid Innovation
A robust library of pre-defined and ready-to-use product features, templates, rules, calculations, and workflows with the ability to inherit and copy attributes for rapid product innovation and launch
Leading Edge
Adapt to market changes rapidly, providing speed to value that keeps you in a leadership position
Operational Power and Value
Optimized straight through processing – until choices need to be made; once a choice is made, it is shifts to being always STP – to realize true speed to value and achieve competitive market position
Delivery and Consulting Services for L&A and Group
Accelerate the value of your investments and achieve desired business outcomes
L&A AND GROUP CORE SUITE RESOURCES
Rethinking Life Insurance to Life, Health, Wealth and Wellness Experience
Uncover opportunities for growth and what is needed to capture a new generation of customers as they transform purchasing insurance from a transaction to a Life, Health, Wealth and Wellness Customer Experience
A New Era of Life Insurance
View our infographic to better understand the generational differences that are impacting today’s life insurance policies
Gain Business Momentum and Competitive Edge
Modernize and optimize your business while creating the business for the future
Achieve Customer Centricity, Operational Effectiveness, and Product Innovation
New, innovative capabilities
FAQS
What is a L&A core suite?
A core suite include 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.
Why should L&A, group and benefits insurers replace their core systems?
The underpinnings of any overall improvement come back to innovation and technology. Many 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 Majesco L&A and Group Core Suite is maturing – Cloud, API, and microservice-based solutions that are rich in capabilities and content to meet an ever-changing market.
Why is a single platform for both individual and group/voluntary benefits important?
Using a single 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 inividual 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.