Businesses with Less than 10 Employees representing 80% of the Small Business Market are Significantly Underserved by Insurers – Majesco Research Finds
MORRISTOWN, N.J.–(BUSINESS WIRE)– Majesco (NYSE MKT: MJCO), a global provider of core insurance software and consulting services for insurance business transformation, today published a new thought leadership report, The Rise of the Small-Medium Business Insurance Customer: Shifting Views and Expectations…Is Your Business Ready for Them? Based on original primary research with small-medium businesses (SMBs), the report exposes significant gaps in performance between insurers and the other major suppliers SMBs rely on to run their businesses. Notably, SMBs with less than ten employees, which make up nearly 80% of all U.S.firms, have significantly negative views of insurers and employee benefits providers, creating an opportunity for new, innovative business models, products and processes from existing and new start-ups.
Tara Dilzer Alexander
Director, Marketing Communications and Creative Services