Majesco’s Latest Release Moves Beyond Insights to Real Business Impact

Accelerating Intelligent Efficiency and Optimization in Insurance

Morristown, NJ (Apr. 8, 2025) – Majesco, a global leader in cloud insurance software solutions, is pleased to announce the launch of its Spring ‘25 Release, a major milestone underscoring Majesco’s unwavering commitment to innovation and operational transformation for the insurance industry and customers. Focused on delivering real, measurable business impact, the release introduces intelligent, business outcome-driven capabilities designed to empower insurers to move faster, optimize and streamline operations, deliver enhanced business results, and lead confidently in an ever-evolving market.

With a clear focus on efficiency, the Spring ’25 Release introduces advanced automation, GenAI innovations, and performance enhancements across the entire Majesco Platform of solutions, empowering both business and IT users. It marks another major step in the evolution of Majesco Copilot, moving from simple insights to true operational impact – streamlining complex workflows, reducing manual effort and optimizing cost structures.

“Operational effectiveness and efficiency are more critical than ever. Our Spring ’25 Release is designed to help insurers rapidly adapt to market conditions and stay ahead of the competition and customer demands by delivering advanced capabilities that accelerate product and service launches, with a strong focus on operational and cost optimization,” said Manish Shah, President and Chief Product Officer at Majesco. “We’re proud at how rapidly we have moved from insights to impact for the business with our Intelligent Core®, including GenAI.   The pace we have taken is bringing innovations that reduce business complexity, improve employee productivity, optimize the business, empower employees, and help our customers realize measurable business outcomes—reinforcing our commitment to be a true partner in their success.”

Accelerating from Insights to Impact for the Business

By unlocking intelligent automation through Majesco Copilot and the Majesco DocScribe document ingestion engine – built with Majesco proprietary AI models trained for understanding large and complex insurance documents, this release introduces breakthrough capabilities like automated quoting, agency cash allocation, claims vendor invoice processing, and loss control survey assessments. These innovations are helping insurers realize faster decision-making, increased operational efficiency by many folds, enhanced quality and consistency, and reduced operational costs —delivering tangible business value across the business operation.

The new Fast Upgrade capabilities dramatically simplify the upgrade process and experience, significantly cutting time and complexity, and enabling teams to quickly stay up to date with new innovative product enhancements and regulatory updates with minimal disruption and more cost effectiveness. Coupled with new out-of-the-box product offerings that minimize configuration and enhancements across the portfolio, Spring ’25 gives insurance teams the solutions to keep pace with market, risk and customer shifts and demands with speed and agility.

“Today’s insurers are looking to drive operational efficiency while building the flexibility necessary to take advantage of today’s innovations,” said Karlyn Carnahan, Head of Insurance for North America at Celent. “Majesco’s Spring ’25 Release reflects their ongoing focus on innovation and improving operational performance helping insurers strengthen their operations and remain adaptable in a changing industry landscape.”

Cutting-Edge Capabilities Across the Entire Product Portfolio

The enhancements introduced with the Spring ‘25 Release extend across all Majesco’s product offerings across P&C and L&AH insurance. Every product includes features aimed at enhancing insurers’ user and customer experiences, cutting operational expenses, and maintaining a competitive edge in the market. Here are key highlights of innovative capabilities available in this latest release. The full lists of all new Spring ’25 capabilities are available at  Majesco Spring 2025 Product Release.

• Majesco Copilot – AI-driven Capabilities Delivering Real Business Impact: Majesco Copilot expands beyond basic tasks like summarization and transactional support, now covering comprehensive workflows and product configuration assistance.
• Majesco DocScribe: Purpose-built AI models trained to interpret large, complex insurance documents.
• Automatically convert insurance applications directly into accurate insurance quotes.
• Efficiently apply cash payments across multiple policies using agency-provided spreadsheets.
• Streamline claims processing by converting diverse vendor invoices directly into claim payments.
• Rapidly perform comprehensive survey assessments by ingesting and analyzing extensive survey documentation.
• Accelerate product configuration by transforming spreadsheets into configurable product elements through natural language.
• Introducing Copilot support for ClaimVantage Absence & Claims and P&C Enterprise Rating solutions.
• Fast Upgrade: Automated and streamlined upgrade processes significantly reduce timelines, accelerate feature adoption, increase customer satisfaction, and minimize upgrade fatigue—maximizing platform ROI.
• Enhanced Intelligent Core Reporting: Expanded dashboards and reporting tools leveraging the Intelligent Core Data Lakehouse, including intuitive self-service reporting capabilities and additional pre-built reports for immediate and actionable business insights.
• New Insurance Product Templates: Deploy ready-to-use AD&D and Umbrella insurance products, achieving 80-90% alignment with standard requirements, substantially reducing implementation costs and timelines, and accelerating revenue recognition.
• Performance Optimization: Continuous enhancements in performance and scalability ensure superior user experiences at scale, supporting insurers’ growing operational demands.

Majesco’s Spring ’25 Release represents a strategic leap forward, focused on driving efficiency and tangible business impact. As insurers navigate growing risks, operational complexities, talent shortages, cost pressures, market uncertainty, rising customer expectations, and ambitious growth targets, Majesco’s latest release equips them with the tools to confidently transform, optimize operations, and deliver meaningful business outcomes.

About Majesco

Majesco (NASDAQ:MJCO) is the partner P&C and L&AH insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what is next, without losing sight of what’s important now. Over 350 insurers, from MGAs, greenfields and startups to some of the world’s largest insurers and reinsurers, rely on Majesco’s intelligent SaaS platforms solutions, with GenAI powered insurance data analytics, of core, data, analytics, distribution, underwriting, loss control, digital, and rich ecosystem of partners to create their next now.

As an industry leader, we don’t believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 1000+ successful implementations and 90% of our customers in the cloud we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute. For more information, visit www.majesco.com.

SOURCE: Majesco

Tags: core systems, Majesco