Software & Consulting Services

Majesco Policy for P&C

Majesco Policy for Property, Casualty & General Insurance enables robust, innovative business capabilities for all lines of property & casualty insurance including personal, commercial, workers compensation and specialty lines of business.

The right policy management solution can transform your business by giving you the power to manage and create the products your customers want and need, meet shifting customer preferences and capture market opportunities – providing critical speed to value for your company. Majesco Policy for P&C empowers carriers with agility, innovation and speed to enable growth strategies while offering a lower risk model in terms of investment, operating costs and scalability.

Majesco Policy for P&C sets the standard for adaptability, accuracy, reliability and value. A rich variety of “ready to use” built-in content shifts power to the business, enabling speed to market and speed to revenue with new products or market expansion in a fast changing insurance landscape. With automated monthly updates of the content and software, pre-integrated bureau content and the ability to interpret and make circulars available for consumption directly into the system, Majesco Policy for P&C provides the most integrated, updated and easy-to-maintain platform for insurers today.

Majesco Policy for P&C is a part of the Majesco P&C Suite that includes policy, billing, and claims. It can be deployed stand-alone or part of the suite through multiple options including on-premise, hosted or Cloud via Majesco CloudInsurer, which is used by over 30 Majesco customers today.

Business Value Delivered:

  • Enhance Customer Experience
  • Empower Business Agility
  • Enable Timely and Efficient Regulatory Compliance
  • Achieve Underwriting Excellence
  • Increase Operational Effectiveness
  • Achieve Speed to Value

Majesco Policy for P&C capabilities:

Product Configuration

Supports all lines of business for personal, commercial and specialty.  Extensive ready-to-use Bureau Lines content is available, including over 4,000 forms, 14,000 data fields and 40,000 rules, all with automated monthly updates for commercial lines.


Underwriting

Automate the decision making processes and streamline exceptional cases for underwriters to analyze and make decisions. The underwriting workbench includes work routing, evidence gathering and assessment, reminders and a built-in self-learning engine for similar cases.


Rating

A powerful, built-in rating engine supports the creation of rates manually as well as integration with other rating content.


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.
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Regulatory Compliance

Majesco Policy for P&C is a pioneer in the way standard rating content is interpreted and made available for consumption directly into the system with minimal intervention from staff to ensure efficient, timely regulatory compliance.


Configuration Toolset

Business users and IT developers can utilize powerful configuration tools built on Majesco Content Developer to bring a new level of autonomy and agility. Rules, rates and forms are accessed through a modern architecture built on open standards, offering an intuitive, web-based user experience.


Analytics

Data and Analytics

Pre-configured mapping of metadata, standard reports, and dashboards; providing quick-to-value, cost-effective business intelligence, along with dashboards and reporting tools to manage the entire policy management process. Integrated with Majesco Business Analytics, Majesco Enterprise Data Model, and Majesco Enterprise Data Warehouse to make data more accessible and usable to support improved underwriting quality and decision making and policy management.

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