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Majesco concentrates on developing advanced core system for insurance and support and business consulting expertise. With wide capabilities and strategic alliances, Majesco offers an integrated portfolio of IT software and services, including IT consulting, application development, systems integration, application management outsourcing, testing, data warehousing and business intelligence, CRM services, and legacy modernization. “We are the trusted partner of more than 140 insurance carriers globally spanning the entire core systems landscape,” adds Mehta.
The company builds, implements, and services market leading proven solutions with advanced technology, ensuring carriers a business success. Majesco’s Property and Casualty (P&C) General Insurance Suite helps P&C insurance carriers increase responsiveness, while reducing operating costs through an affordable and flexible set of core insurance applications that combine into a powerful suite with the most advanced technology. “Majesco’s enterprise solutions for insurance carriers combine the power of modern functionality with flexibility to administer business,” asserts Mehta.
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Majesco’s enterprise solutions for insurance carriers combine the power of modern functionality with flexibility to administer business
An example illustrating the company’s expertise includes a Vietnam based business group expanding into the emerging Asia. As a startup insurer, the client’s biggest requirement was to attract and retain right sales force while reducing the cost to serve them. Majesco implemented its distribution management, a comprehensive system that handled channel setup, definition, and commission/bonus calculation for different types of channels. The solution helped client gain quick introduction of newer channels and reduction in manual intervention, alongside consolidated, and replaced multiple compensation systems to a single channel-centric, componentized system.
The experience and expertise in executing complex transformation and mission critical programs for insurance companies worldwide is Majesco’s key strength. The company is committed to building strong and long-term relationships with their carrier partners; close to 90 percent of their business coming from existing customers. “With a strong global presence across U.S., Europe, Middle East, and Asia Pacific, we are a technology partner of choice for insurance carriers worldwide,” concludes Mehta.