The partnership is calculated to accelerate the application of AI to insurance processes from the prevalent proof-of-concept approach to more industrialized and repeatable examples.
Majesco today pre-announced the upcoming version 11 release of the Majesco L&A and Group Core Suite, including Majesco Policy for L&A and Group, Majesco Billing for L&A and Group and Majesco Claims for L&A and Group. The new version will be available in October 2019.
AI and machine learning, along with cloud, APIs and microservices, are the key technologies for platforms, like Majesco’s Core Suites and Digital1st Insurance solutions. The partnership will make machine learning analytics capabilities accessible to any tier of insurer using Majesco solutions, alleviating the burden of limited expertise and resources.
Majesco today unveiled the upcoming version 11 release of the Majesco P&C Core Suite, including Majesco Policy for P&C, Majesco Billing for P&C and Majesco Claims for P&C. The new version will be generally available in October 2019.
Through the new partnership, Majesco customers can leverage the DataRobot automated machine learning platform capabilities integrated with Majesco solutions to improve underwriting, claims and servicing excellence, and profitability.
The new version includes 100 new features and 700 new capabilities to accelerate insurers’ digital transformation efforts. The vendor says the new version will be generally available in October 2019.
Launching the new face and future of Majesco at the company’s sold-out customer conference.
“Majesco is evolving its brand to mirror who we are as a company,” says CEO Adam Elster. “The industry is beginning to see how well-run, digitally-capable insurance can impact the world. Successful digital transformation is about finding a strategic partner with the right combination of products and people who can see ahead and help navigate the changes to come. Majesco is that partner,” continued Elster. “We’re powered by the best people in the business, recognized for innovation and vision, and driven to help our customers define the future and thrive in it.”
Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, announced plans to unveil its new brand and vision for the future of insurance at Convergence 2019, the company’s global customer conference.
The finance and operations expert will report directly to CEO Adam Elster and oversee all operational, commercial, financial and investor relations functions.