Majesco Announces Version 10 of Majesco P&C Suite
The new version highlights significant enhancements and capabilities to enable agility, innovation and speed for customers and insurers
“While the insurance industry is undergoing unprecedented change and disruption, modern and function rich core systems are a critical foundation for insurers of all sizes,” commented
The insurance industry is in the midst of profound change fueled by trends that are converging and creating leaps in innovation and disruption, shifting traditional business models driven to align to a new digital age. To enable their customers and the industry in this shift, Majesco’s thought leadership and primary research recognized the need for a new generation of solutions that would help insurers begin the shift with their existing business as well as prepare for their business of the future.
This release highlights Majesco’s continued investment in our core systems to enable our customer’s transformation and shift to a new age of insurance. Insurers increasingly are seeking speed to value including speed to implementation and speed to market – all key differentiators in today’s competitive landscape of existing and InsurTech startups. The new version includes the following key enhancements and capabilities:
- A single platform supporting personal, commercial and specialty lines of business with integrated, modular policy, billing and claims solutions.
- Over 50 new features targeting enhanced functionality, user experience and performance.
- Common and configurable HTML5 based look and feel for the modules as well as seamless navigation across the suite modules.
- 20+ templates for specialty lines as well as ready to use ISO based content.
- Over 30 pre-built integration points, common certified technology stack, suite security model with SSO and single administration tool, and cross module reporting and data flows based on a common data model.
- Consolidated information dashboards regardless of data residence within the suite.
- Internationalization with multi-lingual, multi-currency and locale management tools as well as localization with content refactoring and local insurance products.
- Optimized development operations with regular base product performance benchmarks, automated regression testing, periodic application vulnerability testing, common calendar of monthly releases for all suite modules and CI/CD based product development.
“Organizations preparing for the future increasingly rely on modern core systems like Majesco P&C Suite that allow them to connect the back, middle and front–office to deliver speed to value,” commented
About
Insurance business transformation is a journey of change and revitalization, a renaissance of Insurance. Approximately 150 insurance companies worldwide in P&C,
Cautionary Language Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” 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’s reports that it files from time to time with the
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
These forward-looking statements should not be relied upon as predictions of future events and
View source version on businesswire.com: http://www.businesswire.com/news/home/20171003005916/en/
Director — Global Marketing
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