Morristown, NJ (Oct. 28, 2019) \u2013 Majesco, a global leader of cloud insurance software solutions for insurance business transformation, is pleased to announce 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.<\/p>\n
This follows the pre-announcement for P&C Core Suite<\/a> and L&A and Group Core Suite<\/a> in April.<\/p>\n \u201cInsurers 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,\u201d stated Adam Elster, CEO for Majesco. \u201cBy 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.\u201d<\/p>\n It is a time of disruption and change in the insurance industry \u2013 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.<\/p>\n \u201cMajesco is aggressively investing and delivering on our vision to help insurers, reinsurers, InsurTechs and MGAs build the future of their businesses \u2013 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,\u201d commented Manish Shah, President and Chief Product Officer at Majesco. \u201cWe 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™.<\/p>\n This release highlights Majesco\u2019s continued strategic investment in our core systems to enable our customers\u2019 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.<\/p>\n Some key elements for both the P&C Core Suite and the L&A and Group Core Suite include:<\/p>\n \u201cInsurers are looking to transform into a digital insurance business and as a result must have a focus on products, technology, partnerships and customer experience,\u201d commented Karlyn Carnahan, Head of Americas for Celent. \u201cToday, 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.\u201d<\/p>\n Majesco was recently named a Leader in the Sept. \u201919 Magic Quadrant for P&C Core Insurance Platforms<\/a> and a Visionary in the Aug. \u201919 Magic Quadrant for Life Insurance Policy Administration Systems, North America<\/a>..<\/p>\n 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\u2019s 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.<\/p>\n Majesco (NASDAQ:MJCO)<\/em> provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business \u2013 and the future of insurance \u2013 at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal. Over 190 insurance companies worldwide in P&C, L&A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer™ P&C Core Suite (Policy, Billing, Claims); CloudInsurer™ L&A and Group Core Suite (Policy, Billing, Claims); Digital1st Insurance™ with Digital1st eConnect™, Digital1st EcoExchange™ and Digital1st Platform™ \u2013 a cloud-native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com<\/a>.<\/p>\n Cautionary Language Concerning Forward-Looking Statements<\/strong><\/p>\n This press release contains forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Majesco\u2019s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under \u201cItem 1A \u2013 Risk Factors\u201d in Majesco\u2019s Annual Report on Form 10-K.<\/p>\n Important factors that could cause actual results to differ materially from those described in forward-looking statements contained in this press release include, but are not limited to: integration risks; changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax matters; technology development risks; intellectual property rights risks; competition risks; additional scrutiny and increased expenses as a result of being a public company; the financial condition, financing requirements, prospects and cash flow of Majesco; loss of strategic relationships; changes in laws or regulations affecting the insurance industry in particular; restrictions on immigration; the ability and cost of retaining and recruiting key personnel; the ability to attract new clients and retain them and the risk of loss of large customers; continued compliance with evolving laws; customer data and cybersecurity risk; and Majesco\u2019s ability to raise capital to fund future growth.<\/p>\n These forward-looking statements should not be relied upon as predictions of future events and Majesco cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by Majesco or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Majesco disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.<\/p>\n SOURCE: Majesco<\/i><\/p>\n Tags: Cloud<\/a>, core systems<\/a>, Gartner<\/a>, Majesco<\/a>, platform<\/a> Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The new versions include cutting-edge capabilities and innovative features to accelerate insurers\u2019 ability to modernize, optimize and create a new future of insurance Morristown, NJ (Oct. 28, 2019) \u2013 Majesco, a global leader of...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17384"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17384"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17384\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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