What is a cloud insurance platform?

A cloud insurance platform, like Majesco CloudInsurer®, is a Business Platform for all insurers - from greenfields and start-ups to established insurers and reinsurers - that enable them to capture the rapidly expanding opportunities for innovation and growth. Cloud-deployed core applications give quick wins – especially important when insurers are establishing a new system or new capabilities to respond to a new market opportunity.

What insurance carriers can benefit from moving to the cloud?

All carriers can benefit from moving to the cloud and that overall, they would achieve lower TCO. The key benefits to moving to the cloud include the speed the insurance company can operate at, their ability to pivot and add services and the opportunity for innovation and digitalization.

How does Majesco help carriers move to a cloud platform?

Insurers recognize that the insurance industry is changing and that they need to adapt to enable growth and remain competitive. With the pace of change and disruption occuring today, aligning technology with business strategies is increasingly critical. Majesco has partnered with over 60+ insurers to move them to the Cloud on their Majesco CloudInsurer® business platform to capture the rapidly expanding opportunities for innovation and growth.

What is the difference between cloud-native and hosted insurance platforms?

A cloud-native and cloud-enabled insurance platform is one that was purpose built, from the ground up, to leverage the cloud infrastructure capabilties . Hosted is when a system is run off-premise of the user, but may not necessarily leverage cloud capabilities, rather just uses the hosted instance.

Majesco CloudInsurer®

Majesco
CloudInsurer®

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Majesco CloudInsurer®:
Delivering Speed, Value and Scale

A cloud-based insurance platform that delivers competitive differentiation at speed, the right price and scale.

Speed

Rapid Delivery and Value

Price

Pay-as-you-grow

Scalability

Scale up and down to business conditions

Upgradability

Seamless upgrades

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Technology that works in the cloud to help carriers transform complexity into simple experiences that make innovation faster and easier

Cloud Choice and Cloud Flexibility

Propel Growth and Innovation

Capture new markets, reach new channels and launch innovative products

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Launch New Business Models

Reinvent your business for a new era of insurance

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Avoid Multi-Year Expensive Implementation

Rapid deployment in weeks or months

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Gain Agility

Match the reality of a constantly changing and competitive market

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Reliable, responsive and secure

State of the art platform with advanced automation, monitoring and support

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Engage with Customers

Customer experience is the differentiator in the digital age of insurance

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Capital and Resource Optimization

Reallocate capital and resources to other strategic business priorities

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On Demand Insurance in the Cloud

SaaS
Software as a Service

Content and Capability Rich

PaaS
Platform as a Service

Configurable and Seamless Upgrades

IaaS
Infrastructure as a Service

Scalable, Responsive, and Secure

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Meet the Customers Who
Own The Future of Insurance

KBIC US Branch is focused on offering top class insurance to mainstream small businesses operating in urban areas. With our close customer relationships, we focus on designing products based on the unique needs of our customers from a multicultural and multilingual perspective. The Majesco CloudInsurer® offers us the ability to innovate our products, capture new market opportunities and agility to meet the diverse needs of our customers, which together provide strategic business value.

Chul Park, President of KBIC US Branch

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We are honored to be recognized for the Novarica Impact Award for Digital Initiative. Providing innovative, best-in-class digital customer engagement is crucial in today’s small business marketplace. Our continued expansion to a multi-line business on the Majesco CloudInsurer® platform has been key to our growth strategy, helping us keep pace with customer demands, launch of innovative products and services and operational excellence. We look forward continuing our partnership with Majesco to continue to deliver on this strategy.

Dustin Hubbard, Chief Digital Officer Homesite

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We see growing momentum in the industry around new greenfields and startups, both by new entrants and existing players. Insurers are also seeking options to incubate new products and reach new segments cost effectively. New offerings like this one from Majesco can provide companies with an innovative option to bring new business models, products, and services to market rapidly.

Matthew Josefowicz, President/CEO of Novarica

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CloudInsurer® Insights and Resources

Cloud Business Platform: The Path to Digital Insurance 2.0

Cloud insurance platforms deliver speed to value

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Leverage the Shift to Cloud

Gain Agility, Innovation and Speed

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For Your Business Today and Tomorrow

Preparing your business for Digital Insurance 2.0

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The Need for Speed

Demand for Cloud Fueled by a New Era of Insurance

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The Future of Insurance Starts with CloudInsurer®

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