Morristown, NJ – July 19, 2016: Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today published a whitepaper, Putting Insurance Testing to the Test. The latest thought leadership whitepaper outlines
an insurance industry specific formula for transforming an insurer’s quality assurance process in ways that are designed to deliver innovation, agility and speed to market with case studies highlighting the value.
IT system and software testing practices are undergoing transformation, as demands grow for testing efficiencies and effectiveness and the breadth of solutions and technology expand. Insurers are able to leverage their trusted partner’s testing services as a way to bolster their quality assurance process and maintain a competitive edge. This white paper aims to help guide insurers on their testing journey as they evaluate strategies, expand their testing to new mobile, digital and other technologies to create successful outcomes.
“Based on the notion that agility and speed (both speed-to-market and speed of response) are capabilities inherent in today’s insurance competitive landscape, insurers need to have core systems that can manage continuous upgrades so they can innovate around other things,” says Matthew Josefowicz, president & CEO of research and consulting firm Novarica. “This means the insurer needs an overall approach to systems quality that will help them build and retain a solid foundation that will provide for that.”
“The imperative to innovate and transform business to new models continues to pressure the Insurance industry.” noted Denise Garth, Senior Vice President of Strategic Marketing, Industry Relations and Innovation at Majesco. “The trend we are seeing in the industry requires a transformation of the IT system and software testing practices, one that provides a more robust, stable, flexible and secure testing environment that is designed around the insurer’s requirements. Insurers are finding that marrying that environment with a holistic approach to IT testing services program management is a match worth pursuing.”
Majesco’s Insurance Test Automation Framework (iTAF) offers several advantages to the improvement of long-term efficiency of a software team’s testing processes, chief among them the repeatability of tests and the speed at which tests can be executed, which ultimately is expected to result in the benefits of control and maintenance by a manual/business resources along the way.
Insurance business transformation is a journey of change and revitalization, a renaissance of insurance. Approximately 150 insurance companies worldwide in P&C, L&A and Group/ Employee Benefits are transforming their businesses with Majesco’s solutions. Our market leading software, consulting and services uniquely underpin the entire insurance value chain and are designed to empower insurers with the agility, innovation and speed needed to meet their transformation opportunities. Majesco’s solutions include policy management, new business / underwriting, rating, billing, claims management, distribution management, BI/ analytics, predictive modelling, digital platform with mobile and portal, testing services, cloud services, bureau and content services, transformation services, consulting services and more.
For more details on Majesco, please visit majesco.com.
Director — Global Marketing
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