Press Release
Customer participation across Majesco’s portfolio of products for P&C and L&A and Group was four-times larger than in the fall, reflecting the rapidly growing customer base implementing Majesco SaaS platforms
Morristown, NJ - May 27th, 2021 – Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced that their 2021 Spring Product Council crushed all attendance records, growing four-fold across all of the general and break-out sessions. Majesco Product Council brings together customers, senior leaders and product management to discuss product roadmap progress, plans, and to collaborate on innovative ideas across Majesco solutions. The growth underscores Majesco’s market leadership and rapid growth in adoption of Majesco’s next generation SaaS platforms across the P&C and L&A and Group segments to drive growth and innovation.
Similar to the fall session, this year’s Spring meeting was also a virtual event with general and break-out sessions held over the course of three days. CEO Adam Elster’s opening session updated customers on Majesco’s progress relative to the four pillars of the company strategy including the P&C market, L&A and Group market, M&A and strategic partners to help insurers modernize, optimize and create new business models and products to build the future their businesses at speed and scale. He emphasized the tremendous progress since Thoma Bravo acquired Majesco and last fall’s council meeting and how that reflects in Majesco’s commitment to accelerate customer’s digital transformation.
Manish Shah, President and Chief Product Officer provided insight into Majesco’s product strategy, innovation and high-level roadmap across the entire portfolio of SaaS platforms supporting the P&C and L&A and Group market segments, including the recent acquisition ClaimVantage. Joining Manish for a panel discussion were two strategic partner executives, Dave Schmitz, Managing Director of Deloitte and Seth Rachlin, EVP Global Insurance Industry Leader of Capgemini to discuss key industry trends, the rapid shift to cloud-native core platforms, the rapid maturity and growth in the partnership to support implementations.
“This meeting provides us with an opportunity to connect, brainstorm and work directly with our customers to ensure their needs are always top priority and keeping our focus on relentless innovation,” stated Manish Shah, President and Chief Product Officer at Majesco. “With new risk needs, expanding distribution channels, new innovative products required by customers and the intensifying data and digital demands for the business, the industry has arrived at a time of reckoning – and the stakes are high. Majesco is committed to helping our customers be prepared for this new future.”
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); L&A Insurance Data & Analytics Platform, Majesco ClaimVantage solutions (Claims Management, Absence Management, IDAM and Accommodation Management), Digital1st® Insurance with Digital1st® Engagement and Digital1st® Platform – a cloud-native, microservices and open API platform; EcoExchange MarketPlace; Distribution Management; and P&C Insurance Data & Analytics Platform, including an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.