Majesco, a global provider of core insurance software, consulting and services for insurance business transformation, has announced the launch of Majesco Business Analytics on the foundation of a robust and proven BI / analytics solution, Cover-All BI exclusively designed for the insurance industry. Majesco Business Analytics is an integral part of the Majesco software portfolio and Majesco Data Services offering.
Majesco Business Analytics is a first step of integration of the portfolio of solutions between Cover-All Technologies and Majesco following their merger. Majesco Business Analytics will be offered as a pre-built to Majesco P&C Suite and each of the individual components, inclusive of policy, rating, underwriting, billing, claims, and reinsurance, as well as a standalone solution to internalize their data, BI and analytics needs enterprise-wide. It is also a key component of the Majesco Data Services which includes data strategy, data warehousing and data management.
"The capabilities to generate actionable business insights for improving business performance are becoming critical for insurers to differentiate by meeting increasing customer expectations and sighting opportunities in today’s dynamic insurance market," said Manish Shah, EVP Products for Majesco. "For building such differentiating capabilities using rapidly growing data from disparate internal and external sources require robust and insurance-aware data technologies. Majesco Business Analytics is an enterprise insurance data platform with a comprehensive view of insurance business and collaborative self-serve capabilities for generating business insights by business users."
Majesco Business Analytics is an established solution within the P&C insurance market, with seven insurance carriers across the different tiers using the solution, highlighting the breadth, depth and flexibility of the solution. In addition, Majesco Business Analytics is currently in implementation with two insurers, one a tier one insurer.
"Many in the insurance industry are still struggling with adoption of data management and analytics, within departments and across the value chain," stated Karlyn Carnahan, Director of P&C Insurance at Celent. "Insurers need to capture and effectively analyze their data across all their solutions to achieve efficiencies and effectiveness, but also business optimization and innovation. This is where real business value can define competitive differentiation."
"Our deep expertise in enterprise data management capabilities including data strategy, warehouse, migration and predictive modelling combined with Majesco Business Analytics provide insurance companies a platform, roadmap and partner on their data transformation journeys," said John Johansen, SVP for Majesco Data Services.
Majesco enables insurance business transformation for approximately 140 insurance customers by providing solutions which include software, consulting and services.
Majesco enables insurance business transformation for approximately 140 insurance customers by providing solutions which include software, consulting and services.
Majesco delivers proven software solutions, consulting and services in the core insurance areas such as policy, billing, claims, distribution management, BI/ analytics, digital, application management, cloud and more.
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