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MAJESCO NAMED A LEADER IN NEW P&C CLAIMS ANALYST REPORT

Press Release

Morristown, NJ – May 26th, 2022 – Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced that Majesco Claims for P&C has been named a Leader in the “The Forrester Wave™: P&C Claims Management Systems, Q2 2022” report released by Forrester Research.

The report which is “a guide for buyers considering their purchasing options in a technology marketplace and is based on Forrester’s analysis and opinion,” rated the solution based on 27 areas across three main categories: Current Offering, Strategy, and Market Presence.  Majesco Claims for P&C had the highest scores possible in the Strategy criteria of: Vision, Execution Roadmap, and User Research.

Majesco’s profile in the report, authored by principal analyst Ellen Carney, began with the headline, “Majesco outperforms with execution, decisioning, and native RPA capabilities.”

The profile also states, “Over the past 18 months, it has strengthened an already solid foundation. It offers a stronger vision and better demonstrated ability to execute its vision than most competitors because of improvements in claims orchestration and loss control expertise. It also stands out for user-driven research that informs its product direction.”

Also from the report, “Majesco outperformed when it came to the strength of its own decisioning and integrations to standalone engines, such as Charlee. Majesco's native robotic process automation (RPA) capabilities stood out, as well as its integration with external RPA offerings.”

“We are honored that Majesco Claims for P&C offering is recognized as a leader in the Forrester Wave Report,” said Manish Shah, President and Chief Product Officer at Majesco. “Claims is the moment of truth for insurers and a time for carriers to make their customers whole. In today’s rapidly evolving, technology enabled market, claims management has become increasingly complex. Over the last few years, we have been working with our customers to innovate claims experiences. This recognition is a testament for us to our commitment to relentless innovations and swift execution to enable our customers to win this competitive market.”

“Majesco is an excellent claims solution for insurers, regardless of maturity, who seek a vendor vision aligned with their own”, according to the Forrester report.

Majesco Claims for P&C is a comprehensive claims management solution that has been deployed in some of the most demanding claims operations. Developed by claims experts - for claims experts - the business rules-driven and robust configurable solution empowers claims adjusters to meet the demanding expectations of today. The deep functionality and proven processes in Majesco Claims for P&C give insurers complete control of their claims management processes so they can focus on optimizing the customer experience during their time of need.

“We are thrilled to see the great strides we are making in the claims space,” said Adam Elster, CEO at Majesco. “We believe this recognition speaks to our vision and commitment to executing on our product roadmap and strategy which is producing tangible results that our teams can be proud of. A big part of this is the continued application of our customer-first philosophy, which has enabled us to offer the insurance industry products that are hyper-relevant and reflect the ever-shifting needs of our customers. This philosophy continues to be our mantra as we demonstrate the strength of our P&C offerings – including Majesco Claims for P&C.”

About Majesco

Majesco is the partner P&C and L&A insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what’s next, without losing sight of what’s important now.  Over 330 insurers, from greenfields and startups to some of the world’s largest insurers, rely on Majesco’s SaaS platforms solutions of core, data, analytics, digital, and rich ecosystem of partners to create their next now. 

As an industry leader, we don’t believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 825+ successful implementations we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute.

For more information, please visit www.majesco.com and follow us on LinkedIn.