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Announcing General Availability of Version 11 of the Market-Leading Majesco P&C Core Suite and Majesco L&A and Group Core Suite Platforms

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The New Versions Include Cutting-Edge Capabilities and Innovative Features to Accelerate Insurers’ Ability to Modernize, Optimize and Create a New Future of Insurance

Majesco , a global leader of cloud insurance software solutions for insurance business transformation, announced the general availability of the version 11 for the market-leading Majesco P&C Core Suite, including Majesco Policy for P&C, Majesco Billing for P&C and Majesco Claims for P&C, and Majesco L&A and Group Suite, including Majesco Policy for L&A and Group, Majesco Billing for L&A and Group and Majesco Claims for L&A and Group. This follows the pre-announcement for P&C Core Suite and L&A and Group Core Suite in April, 2019.

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“Insurers are seeking a platform that connects people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal, to drive growth and innovation for their business. Our robust SaaS-based platform provides the open architecture, configurability, ready-to-use content, and pre-built capabilities to help insurers achieve digital transformation,” stated Adam Elster, CEO for Majesco. “By focusing on customer-centricity, we are providing the capabilities that deliver great customer experiences for all insurance products and services. Our core insurance suites together with our digital experience platform, Majesco Digital1st Insurance, is a winning combination.”

It is a time of disruption and change in the insurance industry – the InsurTech revolution over the last four years has challenged insurers by forcing them to take stock and determine their future path. The speed of technology development and the threat of rapid competitive market shifts have given insurers a new perspective in what core technology they will need to compete in a rapidly changing marketplace. Cloud-based platforms like the Majesco P&C Core Suite and Majesco L&A and Group Core Suite are helping insurers not only modernize and optimize their business, but also to create a new business for the future.

“Majesco is aggressively investing and delivering on our vision to help insurers, reinsurers, InsurTechs and MGAs build the future of their businesses – at speed and scale. The new version 11 of our P&C and L&A and Group Core Suites will help our customers and the industry meet the demands and expectations of tomorrow, today,” commented Manish Shah, President and Chief Product Officer at Majesco. “We are in a unique position in working with all segments of the industry across all lines of business which allows us to clearly drive a customer-centric view and leverage ideas and innovations across our solutions, delivered on a mature cloud environment with Majesco CloudInsurer™.

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This release highlights Majesco’s continued strategic investment in our core systems to enable our customers’ transformation and shift to future of insurance. The new versions bring new and innovative capabilities for further improving speed to value, customer experience, ecosystem connectivity and cloud delivery.

“Insurers are looking to transform into a digital insurance business and as a result must have a focus on products, technology, partnerships and customer experience,” commented Karlyn Carnahan, Head of Americas for Celent. “Today, insurers are looking for core suites that are truly cloud and API-enabled, and vendors with strong product leadership that leads rather than follows where the industry is going. Innovative capabilities that both modernize and optimize while also enabling innovation, bring tremendous value to insurers.”

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Majesco  provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal.

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