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Majesco Announces New Addition to Leadership Team with Appointment of Chief Financial Officer

Seasoned financial expert Joe Aho joins established Majesco Leadership Team

Morristown, NJ – October 20th, 2020 – Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced the appointment of Joe Aho as Chief Financial Officer (CFO) effective October 26th, 2020.  

Mr. Aho joins Majesco with over twenty years of experience at Compuware, where he most recently served as Chief Financial Officer. He is a seasoned finance expert who brings extensive experience and a proven track record in driving growth for enterprise software companies. Mr. Aho holds an MBA from Wayne State University and a BA in Economics from The University of Michigan Dearborn.

As CFO, Joe will report directly to CEO Adam Elster, and will lead Majesco’s global finance and operations organizations.  He will help solidify the company’s ability to capitalize on the growing demand for software solutions that deliver digital transformation at speed and scale.

“I couldn’t be more thrilled to welcome Joe to Majesco where he will undoubtedly make an immediate impact as we begin our new journey as a Thoma Bravo company”, says Adam Elster, CEO of Majesco. “I’m particularly excited about Joe’s experience working with Thoma Bravo and his proven track record in the software space. With Joe’s appointment, we have a strong management team in place to continue the execution of our strategy to help insurers take on the future of insurance.”

During his time at Compuware, Joe held several positions in the Sales Operations and Finance areas. Prior to being named CFO of Compuware, he was a VP of Finance in charge of strategic planning and analysis. In 2014, Joe played an integral role in the sale of Compuware to Thoma Bravo.

“I can’t imagine a more exciting time to join Majesco”, says Joe Aho. “With the recent acquisition by Thoma Bravo and continued investment in today’s cutting-edge cloud platform solutions, Majesco is primed to lead the transformation of the insurance industry.  Led by great owners, leading products, and a seasoned management team, it is up to us to exceed the needs of our customers.  I look forward to this challenge and opportunity.”

About Majesco

Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling, and personal. Over 190 insurance companies worldwide in P&C, L&A, and Group Benefits are transforming their businesses by modernizing, optimizing, or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); L&A Insurance Data & Analytics Platform, Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange, and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, P&C Insurance Data & Analytics Platform, including an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.

ANNOUNCING GENERAL AVAILABILITY OF VERSION 11 R2 OF THE POWERFUL MAJESCO L&A & GROUP CORE SUITE INSURANCE SOFTWARE

The new version expands pre-built lines of business and innovative and new capabilities to accelerate insurers’ customer and growth strategies

Morristown, NJ – October 15th, 2020 – Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced the general availability of the version 11 R2 for the market-leading Majesco L&A & Group Core Suite Insurance Software, including Majesco Policy for L&A and Group, Majesco Billing for L&A and Group and Majesco Claims for L&A and Group.

Nearly every insurance company is talking about transforming their business, recognizing the significant need to improve, both operationally and innovatively, to change the course to enable growth. Today’s customers want personalized experiences, and products aligned to their personal data – not aggregate data, and they want a product to encompass the risk product, customer experience and value-added services.  However, as today’s digital customer seeks innovative digital experiences, they are met with traditional insurance approaches, creating a disparity between customer expectations and insurer’s ability to deliver.  But opportunities for growth abound for those that embrace new core platforms that meet the changing demands of customers as noted in our research Rethinking Life Insurance: From a Transaction to a Life, Health, Wealth and Wellness Customer Experience.

“This new release of Majesco L&A and Group Core Suite version 11 R2 provides the most encompassing core platform for all L&A lines of business; including individual, benefits and group,” said Manish Shah, President and Chief Product Officer at Majesco. “The L&A market is facing significant challenges with legacy debt that inhibits many insurers to respond to the market shifts in customer demographics, expectations, new products and services that will determine their future growth and success.  Majesco L&A and Group Core Suite provides a powerful cloud-enabled SaaS platform with a pre-integrated data and analytics platform that provides greater business and technical agility, digital fluency, innovation and speed to value, enabling insurers to better  respond to today’s pace of change. By focusing on capabilities that provide customer centricity, operational effectiveness, and product innovation, the L&A and Group Core Suite provides insurers a path forward to meet the future of insurance today.”

This release highlights Majesco’s continued strategic investment in the next generation cloud platform solutions for the L&A and Group market segment that will further enable insurers to meet operational demands, launch new products and create personalized digital customer experiences. Some key elements for the Majesco L&A and Group Core Suite release include:

  • All-New Majesco L&A Insurance Data & Analytics – Build your own personal business dashboards, access powerful analytics, leverage operational insights into business possibilities using predictive analytics and machine learning to create powerful digital experiences and drive proactive business decisions. Pre-integrated with Majesco L&A and Group Core Platform as well as open to external data sources.
  • New Insurance Products – Expand into new product lines much faster with additions to the pre-build product library with Medical Supplement, Heart & Stroke, Cancer, and Group Whole Life products
  • Enhanced Customer Service – Extensive user personalization, intuitive sign posts and alerts and expanded chatbots allow you to convert your procedure documents into an online checklist that also navigates through the screens and processes within and outside the Majesco Suite helping you provide high quality customer service.
  • Pre-Integrated Document Generation and Storage – Pre-built templates, pre-defined mapping and robust capabilities to generate and store documents allow you to fast track core system implementations, eliminating the cost and headache of integrating and mapping to homegrown or 3rd party document generation systems.
  • OAS 3.1 Compliant Open APIs – Enables you to create powerful digital experiences, with over 1500+ APIs that can be used for digital interactions with partners, customers and channels to create tailored experiences depending on the business needs.
  • Seamless Enrollment Intake – Full support for LDEX (LIMRA standard) enrollment files which enable seamless intake of files from benefit administration and third party systems.

“The insurance industry, because of its relatively low transaction volumes and long contractual liability tails, has always followed technology advances that emerge earlier in places like banking and retail businesses,” said Robert McIsaac, EVP of Research and Consulting at Novarica.  “Even before 2020 dawned, the pressure was on for the industry to accelerate the adaptation of digital capabilities across the array of channels and value chain participants that support the sale and servicing of critical products.  With the unfortunate arrival of the COVID-19 pandemic, the need to put the digital deployment initiatives into overdrive for many organizations became critical, with many key business processes and operational norms changed almost overnight.  Beyond that, once customers, producers and carriers found themselves in the “deep end” of the digitization pool, many found that they very much liked the experience, fueling the notion that going back to the before (pandemic) times is something that few will opt for in the future.  Core systems modernization is foundational to real digital transformation, given the need to improve operational efficiency and access to real time transactional capabilities.  At Novarica, we now see many carriers refining both budgets and plans to adapt to this new, and rapidly changing, reality.”

Majesco Positioned as a Visionary in Gartner 2020 Magic Quadrant for Life Insurance Policy Administration Systems, North America. The company was also and named “Best-in-Class” Vendor in the 2019 Aite Life PAS AIM Report.

For more information on Majesco’s market-leading L&A Core Suite capabilities, please visit https://www.majesco.com/la-and-group-core-suite/ or contact us at info@majesco.com.

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Majesco

Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling, and personal. Over 190 insurance companies worldwide in P&C, L&A, and Group Benefits are transforming their businesses by modernizing, optimizing, or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); L&A Insurance Data & Analytics Platform, Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange, and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, P&C Insurance Data & Analytics Platform, including an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.

ANNOUNCING GENERAL AVAILABILITY OF VERSION 11 R2 OF THE MARKET-LEADING MAJESCO P&C CORE SUITE

New cutting-edge capabilities and features will accelerate insurers’ business transformation, drive operational effectiveness and innovation of new products, process and business models

Morristown, NJ October 13th, 2020 – Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced the general availability of the version 11 R2  for the market-leading Majesco P&C Core Suite, including Majesco Policy for P&C, Majesco Billing for P&C and Majesco Claims for P&C.

Tremendous changes are still on the horizon for insurance. While many insurers implemented modern core systems on premise over the last two decades, the shift to next-generation core systems that embrace platform technologies including cloud, APIs, microservices, artificial intelligence or machine learning and ecosystems are crucial for insurers to compete in today’s new era of insurance.  Majesco’s research, Insurance Digital Transformation:  A New Era of Core Systems, Next Gen Technologies and Ecosystems, overwhelmingly noted that nearly 60% of P&C insurers are operating with Non-Platform solutions, limiting their digital transformation. 

“Majesco has been focused on relentless and purposeful innovation to help insurers, reinsurers, InsurTechs and MGAs to transform their businesses,” said Manish Shah, President and Chief Product Officer at Majesco. “With the release of version 11 R2 of our P&C Core Suite our customers can meet the demands and expectations of tomorrow, today. We will continue to work with all segments of the industry to drive a customer-centric view and leverage new ideas across our offerings delivered on our mature cloud environment with Majesco CloudInsurer®.”

This release highlights Majesco’s continued strategic investment in the Majesco P&C Core Suite to enable customers’ transformation and shift to a digital era of insurance. The new version brings advanced and innovative capabilities to further improve speed to value, customer experience, ecosystem connectivity and cloud delivery. Some key elements for the P&C Core Suite release include:

  • New Capabilities for Addressing COVID-19 Challenges – New capabilities targeting new challenges of the “new normal” of COVID-19 pandemic. The new release provides new capabilities such as enhanced CAT management by enabling a full or partial extension; shortening of moratorium timeframes based on regulatory announcements at the State, Zip Code and County levels; and fully configurable and automated workflows to ease customer financial hardships through payment credits, leniency on fees and payment extension schedules.
  • New Digital Experiences for Agents and Producers – All new digital experience across various devices providing a real time 360o view of their entire book of business with intuitive sales and services capabilities, specifically designed for agents and producers.
  • Advanced Fraud Detection Leveraging Artificial Intelligence – AI-based advanced fraud detection for aiding adjusters with anomalies alerts and actionable recommendations to help reduce loss adjudication costs and claim leakage.
  • Supervisory Adjuster Dashboard and Monitoring – New supervisory adjuster view to maximize operational efficiencies with their teams.
  • New EcoExchange Apps – New plug-n-play EcoExchange Apps in the area of eSignature, AI/ML, Data Prefill, Risk Management and more from various marquee partners.
  • High-Volume Scalability – Majesco Billing for P&C is now certified at 100 million policies and 1000 concurrent users, meeting the needs of the largest insurers in the industry. 
  • Expansion of Open APIs – 200+ new OAS 3.0 APIs and introduction of a “no code API framework” for rapid integration to enable and accelerate insurer’s digital transformation, a top strategic priority. 
  • Increase User Adoption of Upgrades – Multi-media based “What’s New” feature to learn new features introduced in new releases to help reduce training needs and maximize benefits of each upgrade.

“Leading carriers have no time to waste and are looking for a holistic approach to solving business problems”, said Karlyn Carnahan, Head of Celent’s North American insurance practice. “While feature and functionality remains important, they’re looking for solutions that solve the problems of how to launch products more quickly, how to deliver a differentiated customer experience more successfully, and how to leverage analytics more successfully.” 

Majesco was named a Leader in the September 2019 Magic Quadrant for P&C Core Insurance Platforms, North America. The company also received an XCelent award for Depth of Service in Celent’s Policy Administration Systems: North America Property Casualty Report, and named the Top “Best-in-Class” Vendor in the P&C Policy Administration Aite Matrix Report.

For more information on Majesco’s market-leading P&C Core Suite capabilities, please visit https://www.majesco.com/pc-core-suite/ or contact us at info@majesco.com.

About Majesco

Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling, and personal. Over 190 insurance companies worldwide in P&C, L&A, and Group Benefits are transforming their businesses by modernizing, optimizing, or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); L&A Insurance Data & Analytics Platform, Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange, and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, P&C Insurance Data & Analytics Platform, including an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Swiss Re Corporate Solutions Implements Majesco Digital1st® Insurance and Majesco Policy for P&C on Majesco CloudInsurer® in 11 Weeks

Morristown, NJ –October 8th, 2020 – Majesco, a global leader of cloud insurance software solutions for insurance business transformation, announced today that Swiss Re Corporate Solutions, a leading  insurer, implemented Majesco Digital1st® Insurance and Majesco Policy for P&C on Majesco CloudInsurer® in 11 weeks to support initiatives in the Mexico Retail Market business. 

“Swiss Re Corporate Solutions had an accelerated and unique evaluation process to identify a solution that would meet our array of business opportunities,” commented Giovanni Genovesi, Head Swiss Re Corporate Solutions IT Latin America. “Majesco supported us to implement the platform foundation. The unique and innovative combination of the Majesco Digital1st® Insurance Platform and Majesco Policy for P&C provides a foundation for us to innovate new products and greenfields globally, helping us deliver value to our customers.”

The initiative will enable the insurer to deliver new products and expand to new channels, helping to reach untapped markets, such as Agro Retail.  This followed a live hackathon in Switzerland that demonstrated Digital1st® capabilities in real-time. 

“This implementation demonstrates how we are helping reinsurers and insurers achieve speed in innovation, creating new products and business models that will capture new market opportunities – at speed and at scale. We are excited about our partnership for launching the innovative products and business models,” commented Manish Shah, President and Chief Product Officer at Majesco. 

About Majesco

Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling, and personal. Over 190 insurance companies worldwide in P&C, L&A, and Group Benefits are transforming their businesses by modernizing, optimizing, or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); L&A Insurance Data & Analytics Platform, Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange, and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, P&C Insurance Data & Analytics Platform, including an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.

About Swiss Re Corporate Solutions

Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations around the world. Its innovative, highly customized products and standard insurance covers help  make businesses more resilient, while its industry-leading claims service provides additional peace of mind. Swiss Re Corporate Solutions serves clients from approximately 50 offices worldwide and is backed by the financial strength of the Swiss Re Group. Visit corporatesolutions.swissre.com

Majesco Expands Capabilities in Distribution Management Platform Release

For insurers expanding distribution channels to drive growth, self-service onboarding accelerates speed to market

Morristown, NJ – October 6th,  2020 – Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced the general availability of expanded capabilities for the Majesco Distribution Management platform. 

“The producer experience is vital for insurers to recruit and retain the best agents and brokers to drive growth,” commented Manish Shah, President and Chief Product Officer for Majesco.  “The new version of Majesco Distribution Management is a cloud and digital modern distribution platform built leveraging Majesco Digital1st® Platform and Digital1st® EcoExchange capabilities. The new Majesco Distribution Management platform will empower distributors to rapidly onboard, eliminate time-consuming manual paperwork, view reports and manage their business with mobile-ready, digital self-service tools, making it easy to do business with the insurer.” 

Distribution management is emerging as a business-critical capability to help insurers navigate compliance requirements with automated license checks and tracking of licensing and appointments including NIPR integration and support the demand for flexible commission and incentive compensation programs that attract and retain the best producers.  As independent agencies continue to consolidate, they will look to those insurers who provide flexible, innovative and digitally driven capabilities to help them eliminate arduous manual work, freeing them to focus on sales and growth. 

This release continues to highlight Majesco’s continued strategic investment in the distribution management solution to help insurers remain competitive across all their distribution channels with rich digital, distribution and data capabilities.  Some of the new capabilities include:

  • Integration with DTCC’s Compensation file to support the life and annuity segment.
  • New and expanded automated onboarding to take an agent form application to fully on-boarded and ready to sell digitally, including e-signatures to speed the process, reduce complexity and improve efficiencies.
  • Generate an onboarding PDF application preview and access digitally welcome letters when onboarding.
  • Enhanced integration with National Insurance Producer Registry (NIPR) Gateway rules updates for states with NIPR’s producer database to ensure compliance consistency.
  • Integration of AssureSign for e-signature capabilities.
  • Expanded Distribution Management APIs including background checks, active license checks and agent questionnaires.
  • Full digital and mobile support for onboarding, viewing of commission and payment statements and other self-service needs. 

“Distribution Management platform is a critical investment for insurers digital strategies.  This solution brings the power of connecting insights, data and workflow of distribution channel and partners to digital strategies and operational plans. Beyond providing digital engagement for distribution channel partners, this solution optimizes distribution operations and brings new data analytics and insights to channels and relationship management in this digital era. It’s a must investment, and Majesco’s latest release offers all critical capabilities,” says Deb Smallwood, CEO & Founder of Strategy Meets Action.

About Majesco

Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling, and personal. Over 190 insurance companies worldwide in P&C, L&A, and Group Benefits are transforming their businesses by modernizing, optimizing, or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); L&A Insurance Data & Analytics Platform, Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange, and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, P&C Insurance Data & Analytics Platform, including an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.

Majesco is a Proud Title Sponsor of InsureTech Connect 2020

This must attend virtual event brings together the industry’s brightest minds to explore and exchange information about today’s critical challenges and ample opportunities the future of insurance presents

Morristown, NJ – October 1st, 2020 –  Majesco, a global provider of cloud insurance platform software, today announced its participation at InsureTech Connect 2020 as a Title Sponsor. This annual event beginning Monday, October 19th through Wednesday, October 21st,  welcomes over 8,500 attendees to discuss and exchange valuable information about the future of insurance.

“As a Title Sponsor of the event, we’re proud to participate in the largest and most comprehensive gathering of tech entrepreneurs, investors and insurance industry incumbents from across the globe,” says Adam Elster, CEO of Majesco. “Our sponsorship and deep relationship with the founders of InsureTech Connect have allowed us to create a truly compelling and impactful few days for attendees.”

Registrants of the event will have the opportunity to tour Majesco’s virtual booth and chat with a team member at any time. In addition, Majesco is proud to host two key assembly’s including an “Ask Me Anything” session about the future of insurance hosted by Manish Shah, President and Chief Product Officer of Majesco, Denise Garth, SVP of Strategic Marketing, Industry Relations and Innovation at Majesco and Prateek Kumar, EVP of Global Sales at Majesco, which will be held on Tuesday, October 20th,  at 12:30 EST.

And on Wednesday, October 21st,  at 4:30 EST, Adam Elster, CEO of Majesco, Manish Shah, President and Chief Product Officer at Majesco will host Jeremy Johnson, CEO of Protective Insurance and a valued Majesco customer, in a CEO Fireside Chat that attendees won’t want to miss.

“Our mission is to help your organization prepare you for the future of insurance,” says Manish Shah, President and Chief Product Officer at Majesco. “This event and all of our sessions above will provide plenty of opportunities to gather new insights that will help you achieve agility, innovation and speed in a fast-changing market.”

If you’re looking for information on how to take on the future of insurance, register today and join us for this ground-breaking virtual event.

About Majesco

Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal.  Over 200 insurance companies worldwide in P&C, L&A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® LifePlus Solutions (AdminPlus, AdvicePlus, IllustratePlus, DistributionPlus); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); Digital1st® Insurance with Digital1st® eConnect, Digital1st® EcoExchange and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.

Majesco Announces the Launch of Majesco L&A Insurance Data & Analytics Platform

A next-generation data and analytics platform that captures, analyzes and monetizes data with powerful predictive and machine learning analytics, intelligent reports, and prescriptive actions to empower the business

Morristown, NJ – September 29th, 2020 – Majesco, a global provider of insurance software solutions, today announced the launch of Majesco L&A Insurance Data & Analytics Platform, a powerful, data-driven solution that captures, analyzes and monetizes data to empower the L&A and Group Benefits business. The platform, which is pre-integrated with Majesco L&A Core Suite, leverages internal and external data with predictive and machine learning analytics to help insurers translate the data into transformational insights and actionable intelligence to meet the demands of their businesses today and tomorrow.

“In today’s digital age, data and analytics are the fuel for innovation and digital transformation,” said Manish Shah, President and Chief Product Officer at Majesco. “We want to enable carriers to leverage their operational and new, innovative sources of data that is both secure and easy to access, while putting insights directly in the hands of business to drive transformational, intelligent action. Our newly launched Majesco L&A Insurance Data & Analytics Platform provides a rich, robust solution to empower insurers to drive operational efficiency and effectiveness, as well as, innovation using these insights.”

With ready to use reporting templates, reusable widgets and sophisticated out-of-the-box analytic capabilities, Majesco’s L&A Insurance Data & Analytics Platform empowers the business to create and share meaningful reports and dashboards to drive productivity and growth, while providing new insights through predictive and machine learning that will help accelerate their digital transformation.  Carriers can organize data from any system to capture, analyze and monetize the data to gain transformational business insights.

“Investing in digital transformation and getting the most value from data and analytics are top of mind for insurance company executives,” said Keith Raymond of Celent. “The focus on data and analytics is accelerating now especially as digitization and virtualized customer transactions grow due to COVID-19. Data and analytics are also seen as a competitive advantage that makes it easier to do business, make better decisions, and improve customer knowledge translating into an improved customer experience.”

This launch highlights Majesco’s continued strategic investment into next generation cloud solutions for the L&A and Group market segment that will further enable insurers two-speed strategy of operations and innovation by uncovering opportunities for operational demands, new products and digital customer experiences. With the Majesco L&A Insurance Data & Analytics Platform carriers can now:

  • Handle structured and unstructured data, scale, visualize or access this data through open APIs
  • Analyze broad data sets to gain unique customer insights, predict future outcomes and have a view into possible actions
  • Aggregate from legacy and modern core data sources, partition data sets for reporting or machine learning that will provide a 360o of the customer and their business
  • Create visualization layer for transparent access to the data, APIs to produce dashboards and URLs to embed dashboards into other applications
  • Designed to be integrated with various core systems as well as pre-integrated with Majesco L&A and Group Benefits Suite

To learn more about Majesco L&A Insurance Data & Analytics Platform please visit  https://www.majesco.com/la-data-solutions/la-insurance-data-analytics-platform/ or contact us at info@majesco.com.

About Majesco

Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal.  Over 200 insurance companies worldwide in P&C, L&A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® LifePlus Solutions (AdminPlus, AdvicePlus, IllustratePlus, DistributionPlus); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); Digital1st® Insurance with Digital1st® eConnect, Digital1st® EcoExchange and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.

Majesco Partners with Industry Leaders to Highlight Today’s Emerging Technologies

New sessions to the Future of Insurance: Ecosystems Partners uncovers the latest technologies reshaping the future of insurance

Morristown, NJ – September 17th, 2020  – Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions platforms, today announced the addition of new podcast sessions to the Future of Insurance: Ecosystem Partners podcast series. The latest episodes feature host Denise Garth, SVP of Strategic Marketing and Innovation at Majesco as she speaks to today’s business leaders from InsurTechs and other innovative companies about how they’re partnering with Majesco and the industry to bring the latest technology advancements including AI, data solutions, electronic signatures and others to the future of insurance.

“Majesco is continuously looking for new and innovative ways to incorporate today’s cutting-edge technology into our insurance solutions,” says Denise Garth.  “By working with today’s industry leading partners, we’re constantly pushing the envelope to stay ahead of the curve and help our customers lead the way in this new era of insurance.”

Details of the new podcast episodes are below:

Episode 4Neal Silbert – Bringing AI to Insurance

Denise Garth talks to DataRobot’s Neal Silbert about the future of data in insurance, and how insurers of every size are embedding AI into their businesses to create better customer experiences – and more profitable business decisions.

Episode 5James Winship – Accelerating and Improving Results with Data Solutions

Denise Garth talks to LexisNexis Risk Solution’s James Winship about why customer data is crucial in providing a dynamic, digital customer engagement and how they are helping insurers to innovate and provide value to customers using their data.

Episode 6Jason T. Andrew – Evolution of Group and Voluntary Benefits from Insurtech and Next Gen Technology

Denise Garth talks to Jason Andrew, CEO and Founder of Limelight Health, talk about how InsurTech has evolved the insurance industry for group and voluntary benefits and how “Next Gen” technology and ecosystems using APIs are accelerating innovation.

Episode 7Anna McDonald – Evolution of Electronic Signatures in the Age of Digital Insurance

Anna McDonald Partner Sales Manager of Assuresign speaks to Denise Garth about the evolution of electronic signatures as a foundational business need in the age of digital insurance.

Episode 8 – John Standish – Chief Innovation Officer at Infinilytics, Inc – The Role of AI and Machine Learning in this New Era of Insurance

John Standish, Chief Innovation Officer at Infinilytics, Inc. joins Denise Garth to discuss the importance of data and how new technology like AI and machine learning can help insurers gather valuable insight and bridge the gap between consumer and buyer.

All of our podcasts, including additional thought leadership resources such as primary research, blogs, and webinars can be found on www.majesco.com.

About Majesco

Majesco (NASDAQ: MJCO) provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal.  Over 200 insurance companies worldwide in P&C, L&A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® LifePlus Solutions (AdminPlus, AdvicePlus, IllustratePlus, DistributionPlus); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.

Cautionary Language Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Majesco’s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under “Item 1A – Risk Factors” in Majesco’s Annual Report on Form 10-K, as amended by its Quarterly Reports on Form 10-Q.

Important factors that could cause actual results to differ materially from those described in forward-looking statements contained in this press release include, but are not limited to:  the adverse impact on economies around the world and our customers of the current COVID-19 pandemic; our ability to achieve increased market penetration for our product and service offerings and obtain new customers; our ability to raise future capital as needed; the growth prospects of the property & casualty and life & annuity insurance industry; the strength and potential of our technology platform and our ability to innovate and anticipate future customer needs; our ability to compete successfully against other providers and products; data privacy and cyber security risks; technological disruptions; our ability to successfully integrate our acquisitions and identify new acquisitions; the risk of loss of customers or strategic relationships; the success of our research and development investments; changes in economic conditions, political conditions and trade protection measures; regulatory and tax law changes; immigration risks; our ability to obtain, use or successfully integrate third-party licensed technology; key personnel risks; and litigation risks. These forward-looking statements should not be relied upon as predictions of future events and Majesco cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by Majesco or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Majesco disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.