Majesco Unveils New Brand Identity Reflecting Company’s Commitment to ‘Your Next Now’
New brand underscores company’s accelerated growth strategy and success in 2021 as Rule of 40+
“Since the acquisition by
Like everything else in a digitally driven economy, risk itself is changing faster than it used to.
“We are thrilled with the level of execution from the
Financial highlights include:
-
A Rule of 40+
SaaS Company approaching$250M in total revenue - Significant 2021 revenue growth including 40% subscription and 28% product
- Expanded SaaS portfolio and customers with ClaimVantage and Utilant acquisitions
- Product Revenues now exceeding 60% of total revenue
- Successful cloud upgrades for three existing customers. Over 65% of customers are now in the cloud
- Added 24 new customers across P&C and L&AH segments
- 45 customer go-lives for both P&C and L&AH customers
-
Processing
$31B DWP for customers across our solutions
Customer highlights:
-
With over 350 customers,
Majesco now supports many of the leaders in different segments including:- The top 2 Reinsurers
- 8 of the top 15 L&AH and Group Insurers
- 8 of the top 15 P&C Insurers
- Over 25 InsurTech Startups and Greenfields
- Over 15 MGAs and Brokers
-
Over 10 TPAs for
L&AH and Group - Over 20 of the top Risk Engineering firms
Organizational highlights:
- Welcomed 250 new employees across the organization
-
Trained over 1,500 systems integrator partner staff with over 850 actives on
Majesco projects -
Added new partnerships with Earnix, Cybercube, and
Prima Solutions to support market trends for telematics, cyber and reinsurance - Expanded systems integrator partnerships to 12 of the market-leading firms
- Established a Customer Success organization underpinned by the implementation of ServiceNow technology
- Expanded leadership with significant talent across the organization in all operational areas
Product innovations:
- Launched fourteen product releases across all solutions
- Launched the new Majesco Analytics solution portfolio inclusive of Property Intelligence solution using AI/ML and our contributory database of 200m photos / images and 16m loss control surveys
-
Launched new next-gen digital solutions built on Majesco Digital1st® Platform including:
- Digital Underwriter360
- Digital Customer360
- Launched ClaimVantage Customer Portal to support integrated disability and absence management service for employees and employers
- Expanded SaaS portfolio with ClaimVantage and Utilant acquisitions
Industry recognitions and awards:
-
Expanded and strengthened market leadership across all solutions with industry recognition from Gartner, Celent, Forrester, Aite-Novarica, Quadrant Solutions,
Everest Group , and ISG - Named InsurTech 100 Company for 2022
- Recognized as a Salesforce Partner Innovation Award Winner
About
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 900+ successful implementations 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, please visit www.majesco.com and follow us on LinkedIn.
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Director, Marketing Communications and Creative Services
+ 201 230 0752
[email protected]
Source:
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