Software & Consulting Services

Setting a New Benchmark for the Lloyd’s, London and Specialty Market

Empowering your business to gain insight and leverage business data to improve decision making, reduce risk and grow the business.

Market dynamics and opportunities will continuously evolve in Lloyd’s, London and Specialty Market, but some things will remain and intensify.

  • Delegated business will continue to increase, bringing new capacity into the market.
  • eTrading will grow as insurers work directly with customers and to disintermediate intermediaries.
  • Sidecar type business will grow due to pressure from outside funds.

As the London Market evolves to react to the long-term soft conditions.

Majesco’s focus in the London Market is aligned to helping insurance companies harness the opportunities shaped by the evolving London Market.

Majesco solutions include:

Delegated underwriting authority analytics that provide unrivalled insight into binder books of business to help understand risk at a granular level, improve loss ratios, meet regulatory requirements and enable strategic growth of the entire book of business.

Claims management and analytics that reduce operating costs, improve relationships and provide a deeper understanding of performance, cost and risk across the business.

Majesco Data Services

Majesco Data Services provides binder management and analytics capabilities to evaluate binder books of business at a granular level and determine what is and isn’t good business. The result: better managed binder books of business with improved performance, compliance, business results and a clearly defined strategy for growth

Strategic Growth

Grow the binder portfolio using quantified evidence to select the best binder business using intuitive, interactive dashboard reports.


Reduce Costs

Using predictive and trend analysis to identify exclusion and limit changes to the binder terms that manage out large numbers of small, independent claims at renewal resulting in improved lost ratios.


Enhanced Pricing and Understanding of Risk

Provide access to granular untapped information to help refine products and pricing models.


Regulation

Data consolidation and enrichment techniques to improve data availability and quality for Conduct Risk and Solvency II for binder business.


Majesco Claims and Majesco Business Analytics

Majesco Claims provides value to the entire insurance business, beyond claims optimisation and cost efficiencies to unprecedented underwriting insight. Claims history, including third party data is leveraged using analytics to provide insight to support competitive pricing and negotiate better terms with partners and third parties. Majesco Business Analytics provides a powerful business intelligence and reporting tool, pre-integrated with Majesco Claims.

Claims Management

Enables the entire claims processing and settlement cycle including: FNOL, claims workflow, expert management, reserve management and reinsurance recoveries.


Catastrophe and Event Management

Designed to process high volumes of claims during periods of claims inflation, while allowing claims to be grouped and reported to enable complex incidents to be effectively managed.


Real-time Data, Reporting and Advanced Analytics

Insight derived from your business data can be used to drive business decisions. Key metrics are graphically presented to be quickly absorbed, considered and acted upon.


Multi-Market

Manage syndicate and company market claims across countries via a single multi-currency solution for your global operation.

Majesco Resources

BROCHURE

London Market

The London market hasn’t changed – it is in continuous change!
Market dynamics and opportunities will continuously evolve in Lloyd’s and the London Market, but some things will remain and intensify.

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BROCHURE

Majesco Business Analytics

A powerful P&C insurance business intelligence and analytics solution to empower your business and uncover new opportunities to achieve competitive advantage.

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BROCHURE

Majesco Claims

Majesco Claims gives you control of the entire process from end-to-end, streamlining workflows through a variety of user-friendly dashboards. It simplifies complex processes and gives your people the tools to achieve improved workflow and smarter data management.

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BROCHURE

Majesco Business Analytics

Accelerating your Data Mastery Journey for Competitive Differentiation.

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