Software & Consulting Services

Majesco Software for Individual L&A, Health and Pensions

A solid foundation to rapidly respond to market opportunities while driving innovation, business optimization and operational efficiency

Insurers clearly recognize that the insurance industry is changing and that they need to adapt to enable growth and remain competitive. In this new landscape, modernizing legacy systems provides the “table stakes” foundation to enable innovation and speed to market for new products, channels, processes and more, in response to fast changing customer expectations, needs and risk profiles. In addition, today’s new market paradigm requires a modern foundation with expanding digital and data capabilities.

Most life insurance companies’ product lines have stopped growing because consumers find the products too complicated, too expensive, and too hard to buy. Unfortunately, many insurers are locked into core systems that were not designed to rapidly adapt to change or to handle the complexities of business today. This makes doing so operationally and competitively challenging.

The right modern core systems provide your business a solid foundation to rapidly respond to market opportunities while driving innovation, business optimization and operational efficiency – all through affordable, flexible and robust core insurance software components that are part of a powerful suite that is extended with digital and data capabilities. While cost and risk issues have historically prevented life insurance companies from converting policies o of old policy systems and on to new policy systems, the costs and risks of doing nothing have now become higher than the costs and risks of modernizing.

Business Value Delivered:

  • Power of One – Ready to use content for the full range of individual and group products on one platform
  • Business Agility – Adapt business and product rules management for current and future needs
  • De-risk Transformation – Integrate systems, data, and channels with ease while lowering costs
  • Operational Excellence – Better manage servicing workflow to gain efficiencies and effectiveness
  • Customer Centricity – Meet new customer expectations with a single bill across multiple products

Majesco Software offerings:

Majesco Policy for L&A and Group

Gain the agility needed to support evolving life, annuity, pensions and health insurance business demands including: faster speed to market for new product development, regulatory compliance, higher levels of customer service and more with Majesco Policy – the insurance technology platform for business transformation.

Majesco New Business and Underwriting

Advanced, automated decisioning and workflow capabilities for simplifying and managing the underwriting process.

Majesco Billing

Almost any type of billing scenario supported easily, including for individual, voluntary, and group products. Allows you to provide a single, consolidated bill to your customers across products.

Majesco Portal

Personalized, intuitive responsive portal for customers and agents for easy access across devices

Majesco Rating

Robust rating capabilities either as part of the policy administration platform or on a standalone basis. The large library of rating templates, rules, and calculations for a wide range of products speeds time to market.

Asset-Based Capabilites

Majesco Insurance Content Management

A configurable platform that requires no customization and allows you to stay on our upgrade path and remain part of our base product.

Majesco DigitalConnect

Uses the latest technology to provide personalized, intuitive portals for customers and agents from quoting through policy issuance, billing and payments, and other post-sale servicing needs. Provides your company with a combined marketing and servicing platform of the future.

Deployable in the Cloud

Low-TCO solution that is available either on premise or in the cloud, bundled with expert services for a true competitive advantage.

Fair vs Lowest Price
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