Preferred Reports Extends Partnership with Majesco to Use Majesco Loss Control to Accelerate the Rapid Expansion of Their Risk Inspection Business

Press Release

Morristown, NJ – Thursday, August 10th, 2023 – Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced Preferred Reports, the largest nationwide supplier of personal and commercial lines loss control, extends the partnership for three years to use Majesco Loss Control to accelerate its expansion of their risk inspection business. Preferred Reports rapid growth through acquisitions required a solution that would consolidate and standardize all inspection workflow onto one platform.

Preferred Reports is one of the largest nationwide suppliers of personal and commercial lines loss control and insurance inspection services to carriers, syndicates, MGAs, MGU’s, RRG’s and Associations. It delivers services through a national network of qualified independent consultants and reviewers. Its corporate operations support its extensive consultant network using Perferred’s secure, cloud-based inventory management system. Complete with data export capabilities, the organization can provide inspection information in any format needed to make the best use of risk intelligence.

“Our business is rapidly expanding as we continue to organically add new customers to our existing business while also aggressively growing through acquisitions,” says Bart Sturgis, Partner at Preferred Reports. “Our experience with Majesco has reconfirmed they are the right partner to keep pace with this expansion and deliver a solution that increases the productivity and overall quality of our business. We are looking forward to the continued partnership and all the exciting innovations Majesco is making into the solution.”   

Majesco Loss Control is the only Loss Control platform that is configurable, easily integrates into carrier platforms through a robust set of APIs and has a full functional mobile experience, highlighted with the large number of risk engineering firms who use it. It is proven to scale a large volume of workloads with over 40,000 surveys being completed every week across all customers on the platform today.

“We are excited to continue our partnership with the Majesco team and thrilled with the impact it had to our business,” says Greg Hall, Partner of Preferred Reports. “Majesco Loss Control has enabled us to standardize operations and integrate new lines of business in record time, providing us a competitive advantage in the risk service market.”

“Preferred Reports is making waves in the industry by not only accelerating their footprint in the market, but also their stance as an industry leader,” says Jim Miller, Chief Revenue Officer at Majesco. “We’re proud to partner with an organization that continues to invest in solutions that not only impact their overall business, but the quality risk assessment service and experience it provides to its customers.”

About Majesco

Majesco is the partner P&C and L&AH insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what is next, without losing sight of what’s important now. Over 350 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 900+ 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.

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