New York, NY –July 28, 2015 – Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced that it has been named a ‘Visionary’ in Gartner, Inc.’s recently published report Magic Quadrant for Property Casualty Claims Management Modules.1
“Global sales of claims management modules increased overall in 2014” wrote Jeff Haner, principal research analyst, Insurance, Gartner and author of the report. “The market continues to reflect a strong buyer preference for licensing claims as part of a modular core solution suite. P&C IT and business stakeholders should approach this market recognizing that each vendor offers a solution that has strong core claims processing functionality."
“Majesco continues to make significant investments in our portfolio of solutions. We’ve listened intently to our current and prospective customers and have built the Majesco Claims solution to meet the demands of carriers today and into the near future, recognizing the shifts in customer experience and claims process” noted Manish Shah, EVP of Products at Majesco. “We believe Gartner’s recognition is testimony to our vision and drive in bringing to the industry the next generation of claims management solutions that meet the operational and strategic needs of insurers as the market shifts to decreased levels of risk with new and emerging technologies.”
Majesco Claims is a comprehensive claims management solution offering end-to-end capabilities for complete claims control. The business rules driven solution empowers claims adjusters with a high level of business configurability. With Majesco Claims, carriers receive modern end-to-end functionality, the ability to support multiple lines of business and the adaptability to handle the entire claims lifecycle. Majesco Claims handles all types of claims across all lines of P&C insurance, allowing carriers to consolidate their business environment and reduce costs. Majesco Claims can be deployed on premise, in a hosted model or in the cloud and is available as a stand-alone solution or as a part of the Majesco P&C Suite.
About the Magic Quadrant
1 Gartner, Magic Quadrant for Property and Casualty Insurance Claims Management Modules, June 24, 2015
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.
Majesco enables insurance business transformation for approximately 140 insurance customers by providing solutions which include software, consulting and services.
Our customers are insurers, MGA’s and other risk providers from the Property and Casualty, Life, Annuity and Group insurance segments worldwide. Majesco delivers proven software solutions, consulting and services in the core insurance areas such as policy, billing, claims, distribution management, BI/ analytics, digital, application management, cloud and more. For more details on Majesco, please visit www.majesco.com.
Majesco Ashwin Rodrigues
Director — Global Marketing