Software & Consulting Services

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 Policy for L&A and Group is designed for both individual and group insurance. It uses the most modern technology, as noted by a leading analyst firm, to simplify and speed up insurance product configuration. Majesco Policy Administration System (PAS) has a fully integrated library of products, tax and regulatory content, providing full and fast configuration and self-sufficiency. Its automated workflows and dashboards eliminate manual tasks and support quick business response to market changes. It provides superior customer capabilities to improve the producer and consumer experience. It includes built-in support for all diverse insurance products on a single platform.

Business Value Delivered

Develop new products, adapt existing products rapidly

In order to remain competitive, carriers must launch new products faster and cultivate new distribution avenues. Such a dynamic environment requires effective policy administration and management. Majesco Policy is an innovative solution that provides the required agility and content to support these evolving business demands.

Reduce operating costs, lower IT risk

Functional components support phased implementation, thus reducing the risk of business transformation. It uses the latest technology and is highly configurable, lowering IT implementation and support costs. Its automated system also provides low operation costs and is scalable enough to grow along with the business.

Cost effective path and thought leadership to solve the conversion challenge

With vital data on the line, having an experienced data migration partner is crucial to reducing risk. Majesco provides the thought leadership to identify the different avenues for the migration and also guides the carrier throughout the entire the process. The support provided goes a long way in reducing the cost and mitigating the risk of system and data migration.

Industry Knowledge

Enhance customer & producer experience

Out-of-the-box functionality and customer-centric approach facilitates an enhanced customer and producer experience either via customer and producer portals in the back office, or utilizing its fully automated straight-through processing feature.

Achieve Underwriting Excellence

Improve risk management assessment and underwriting decision quality with integrated analytics, automated processes and streamlined exception underwriting.

Exceptional Configuration Flexibility

Majesco Configuration Toolset enables configuration flexibility with unique, separate yet integrated tools for business and IT to maximize resources and speed to market for the business.

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.

Growth Strategies Deliver Results
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