Property & Casualty
Distribution Management Software for Property and Casualty Insurance
A Distribution Management Solution Built for All Channels
As the insurance industry continues to evolve, insurers are looking to expand into new distribution channels. However, too many insurers are being reactive instead of proactive when it comes to meeting the changing market tides. To attract the digital customer, insurers must evaluate and adapt their distribution strategy to ensure their solutions take care of the entire distribution value chain. Majesco’s next-generation Distribution Management solution drives growth and optimizes operations for a multi-channel world.
Distribution Management Software
Unparalleled ability to expand distribution channels, drive growth, achieve speed-to-market and create ease of doing business.
Create and execute innovative distribution strategies to optimize existing channels and rapidly expand new ones.
“We are passionate about providing the best insurance experience for those we serve. Investing in next gen technology aligns with our strategy to constantly innovate and challenge the status quo. Our strategic partnership with Majesco will modernize our insurance platforms, transform our business operations, fuel growth for existing lines of business, and accelerate our ability to offer new products to address the risk and market demands of our customers.”
Matt Crum, President, FWCI
Industry forces are reshaping distribution management, from shifting customer expectations to driving reach and scale in a multi-channel world. For decades, agents and brokers have been the channel of choice for P&C and L&A insurers. While they remain important, the channel landscape is rapidly expanding and changing, driven by a number of factors, but especially…
A Survey of Independent Insurance Agents Shifting customer expectations are creating a new need for new business models. As the current workforce ages, insurers are exploring new distribution strategies that can make up for the loss of skills, capitalize on trends, and implement the necessary cutting-edge business operations that can strengthen distributor and channel relationships.…
Distribution management platforms must enable insurers to manage their distribution force with increasing sophistication including managing existing and new channel options, such as marketplaces, embedded insurance in other businesses, comparison sites and direct distribution as well as compliance including licensing and appointment, compensation, and producer relationship management.
Majesco’s distribution management platform enables insurers to optimize their distribution channels with rich digital, distribution and data capabilities including unlimited lines of business, products, compensation structures and hierarchies across both P&C and L&A segments, built-in reporting and analytics with a robust data warehouse, centralized producer relationship management and performance monitoring, and built-in document management capabilities.
A 3D strategy – digital, distribution and data – to build, manage and optimize a multi-channel network —from front to back office. Majesco Distribution Management provides a new platform that brings digital, distribution and data together for a new era of insurance to help insurers optimize and grow business.