Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced the completion of a successful one-day Product Council with more than 100 customer attendees that highlighted the latest capabilities and future plans for Loss Control 360, integration with Majesco P&C Core Suite and AI/ML capabilities from the new Data and Analytics business. It was the first joint event, welcoming Loss Control 360 customers to the Majesco customer family. Majesco completed the acquisition of Utilant on June 16.
In the opening session, Majesco President and Chief Product Officer, Manish Shah, provided an overview and update of Majesco’s product vision and strategy, discussed innovation synergies between Utilant and Majesco solutions as well as further strengthening of the SaaS Cloud operations that will benefit P&C customers. Patrick Davis, SVP & GM – Data & Analytics, discussed the Loss Control product strategy, expanding on the innovation synergies. He also introduced the organization’s new Data and Analytics business unit, including current and future AI/ML capabilities.
“We are excited to welcome the Utilant customers to the Majesco family. The Loss Control 360 solutions, Majesco P&C Core Suite and Majesco Digital1st® Insurance platforms provide our joint customers and the industry market leading solutions that help them modernize, optimize and innovate to address existing and new product and risk needs in the market,” said Manish Shah. “This one-day session was a great way for us to showcase these products to our customers and discuss an exciting vision for the future.”
The Loss Control 360 product team led the afternoon session, demonstrating an overview of Loss Control 360 and Guide Stream 360, as well as new AI/ML capabilities. In addition, they shared further plans around Cloud and AI/ML on the roadmap.
“Advanced data and analytics using AI/ML is crucial both operationally and strategically for insurers,” said Patrick Davis. “We are thrilled to share our plans for next generation AI/ML models, contributory database, and embedded data and analytics capabilities across the end-to-end insurance process and solutions that will provide insurers with a competitive edge, improve underwriting profitability and accelerate their digital transformation.”
Following its largest virtual Product Council ever in the spring, Majesco will be holding its Fall Product Council on October 26-28, 2021 — where they will discuss product roadmap progress, plan and collaborate on innovative ideas across all the Majesco solutions for both P&C and L&A and Group market segments.
Majesco is the leading software partner to both the P&C and L&A insurance markets to modernize, optimize and innovate their businesses at speed and scale. Over 330 insurers, from greenfields, start-ups and MGAs to the largest insurers, reinsurers and brokers use Majesco’s next generation SaaS platform solutions of core, data and analytics, digital, distribution, absence management and a rich ecosystem marketplace of established and InsurTech partners to build the future of insurance.
Our technology, expertise and leadership help insurers innovate and connect to build the future of their business. With over 825 successful implementations and over 65% of our customers on Cloud with Majesco platform solutions, together we have an amazing track record of innovation and real-world results. For more details on Majesco, please visit www.majesco.com.