Skip to content

Majesco Publishes New Thought Leadership Report, Future Trends: A Seismic Shift Underway

Press Release

Morristown, NJ March 15, 2016 : Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today published a new thought leadership paper, Future Trends:  A Seismic Shift Underway.

The new report assesses the fast paced world of multiple trends from technology to customer demographics, new channels, new competitors and more disrupting and changing the world we have known for decades.  It includes a new Future Trends Framework developed by Majesco around three key areas of People, Technology and Market Boundaries that organizes and simplifies trends and their influence on the driving forces of change for new customer expectations, new innovations and new competition.

Furthermore, it explores these key areas in context of a Disruption Model also developed by Majesco that provides a view regarding how they are interconnected.  The model highlights the generational, socio-economic shift; the shifts from the industrial age to the information age and now the digital age; and the shift in market dynamics like the sharing and platform economy.  The combined impact is creating a powerful market shift that brings the three together, creating unprecedented innovation and disruption.

“Change and disruption are here, unfolding a new business landscape,” commented Denise Garth, Senior Vice President of Strategic Marketing, Industry Relations and Innovation at Majesco.  “Today’s shift is due to the converging “tectonic plates” of people, technology and market boundary changes that are disrupting and redefining the world, industries and businesses including insurance.  By looking a bit deeper into each trend, we can begin to understand how manageable the convergence can be with the right approach.  It’s like the old adage of changing the tire on a car while you’re driving at full speed down the freeway.  Those that can do this will transcend merely surviving in an increasingly competitive industry to become the new leaders of a re-imagined insurance business.”

Recognizing that change and disruption are here and unfolding a new business landscape, the report suggest that the time for plans, preparation, and execution is now.   It highlights that insurers first need to keep their current business viable and growing to fund the future with a portfolio platform of integrated solutions that provide a foundation for reinventing the future — laying the groundwork for a renaissance of insurance.  And second, they must embrace this shift by understanding the tectonic plates at play and accept that everything we have known about insurance was good for yesterday, requiring a new business paradigm in how we define and think about insurance.

The thought leadership paper, Future Trends:  A Seismic Shift Underway, is available on the Majesco website to download, or you can request a copy via email,


About Majesco

Majesco enables insurance business transformation for approximately 146 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


Majesco Contact:

Ashwin Rodrigues
Director — Global Marketing
Phone: +1-973-461-9087


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.

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:  integration risks;  changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax matters; technology development risks; intellectual property rights risks; competition risks; additional scrutiny and increased expenses as a result of being a public company; the financial condition, financing requirements, prospects and cash flow of Majesco; loss of strategic relationships; changes in laws or regulations affecting the insurance industry in particular; restrictions on immigration; the ability and cost of retaining and recruiting key personnel; the ability to attract new clients and retain them and the risk of loss of large customers; continued compliance with evolving laws; customer data and cybersecurity risk; and Majesco’s ability to raise capital to fund future growth.

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.