Majesco CloudInsurer™

A Business Platform for all insurers, from greenfields and start-ups to established insurers and reinsurers, to capture the rapidly expanding opportunities for innovation and growth.

Cloud Platforms are better suited to deliver Speed to Value

It is not just the competition that is challenging insurers to keep pace, it is also their suppliers, partners and distribution network. Their highest priority, however, is to meet the ever-increasing demands of their greatest asset: the customer.

An array of market trends are further fueling the adoption of cloud models that enable insurers to respond with flexibility, agility and speed … the hallmark of digital natives.

Insurance Market Trends Favor Adoption of Cloud Platform

Higher customer expectations set by other industries with digital-first models like Amazon and Netflix

Greenfield initiatives by new and established carriers

Changing insurance products and processes, blurring industry boundaries and InsurTech impact

Carriers seeking growth through innovation in distribution, products and markets

Intense focus on customer engagement and experience

Transitioning from Products to Platforms

Replacing traditional Insurance 1.0 business models with cloud-based Digital Insurance 2.0 platforms is critical to becoming truly digital. A cloud platform opens the door to new ways of doing business, engaging with customers, bringing products to market faster and capturing rapidly unfolding market opportunities. In today’s digital shift, agility, innovation and speed can only be achieved with cloud business platforms.

Leveraging cloud business platforms avoids the long, difficult, and expensive implementation process usually accompanying systems replacement and subsequent upgrades. Cloud-deployed core applications give quick wins – especially important when insurers are establishing a new system or new capabilities to respond to a new market opportunity. With the pace of change, this allows them to move to a “pay as you grow” subscription model that allows major financial decisions in three-to-five-year intervals and CAPEX and OPEX savings that can be redirected to business growth strategies.

Majesco CloudInsurer™ is the business platform that runs key business applications and services in order to match the reality of the changing market and increasing demands of the customer.

Majesco CloudInsurer™ Platform delivers:

Speed

Rapid rollout

Lower TCO

Pay-as-you-go pricing

Upgrades

Regular and seamless upgrades

Scalability

Upscaling and downscaling

Security

Preventative security and data protection

Support

Support, maintenance and monitoring

Majesco CloudInsurer™ provides state-of-the-art, cloud-based insurance operations that are reliable, responsive and secure.

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Public cloud

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Automation heavy

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Healthy onsite / offshore mix

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Advanced real-time monitoring

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Preventative / proactive measures

Business Value Delivered:

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Launch pad for innovative business plans / business models.

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Speed to value - speed to implementation, speed to market and speed to revenue

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Distribution channel flexibility and expansion

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Capital optimization for business growth

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Best practices to enhance business operations

Majesco CloudInsurer™ includes:

QBE North America’s Specialty Lines division has aggressive growth plans through a broad array of product offerings ranging from bureau and non-bureau nationwide products. After an extensive search, we chose Majesco for its capabilities to deliver products with agility for meeting our growth plans. We found Majesco products ready to be deployed with minimal implementation efforts. Their enterprise cloud capabilities bring scale, security with a variable pricing model that aligns with our strategic goals and plans. We look forward to a long term partnership with Majesco.

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