Majesco, a global leader of cloud insurance software solutions for insurance business transformation, announced today that Swiss Re Corporate Solutions, a leading insurer, implemented Majesco Digital1st® Insurance and Majesco Policy for P&C on Majesco CloudInsurer® in 11 weeks to support initiatives in the Mexico Retail Market business.
“Swiss Re Corporate Solutions had an accelerated and unique evaluation process to identify a solution that would meet our array of business opportunities,” commented Giovanni Genovesi, Head Swiss Re Corporate Solutions IT Latin America. “Majesco supported us to implement the platform foundation. The unique and innovative combination of the Majesco Digital1st® Insurance Platform and Majesco Policy for P&C provides a foundation for us to innovate new products and greenfields globally, helping us deliver value to our customers.”
The initiative will enable the insurer to deliver new products and expand to new channels, helping to reach untapped markets, such as Agro Retail. This followed a live hackathon in Switzerland that demonstrated Digital1st® capabilities in real-time.
“This implementation demonstrates how we are helping reinsurers and insurers achieve speed in innovation, creating new products and business models that will capture new market opportunities – at speed and at scale. We are excited about our partnership for launching the innovative products and business models,” commented Manish Shah, President and Chief Product Officer at Majesco.
Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – 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); L&A Insurance Data & Analytics Platform, Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange, and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, P&C Insurance Data & Analytics Platform, including an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.
About Swiss Re Corporate Solutions
Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations around the world. Its innovative, highly customized products and standard insurance covers help make businesses more resilient, while its industry-leading claims service provides additional peace of mind. Swiss Re Corporate Solutions serves clients from approximately 50 offices worldwide and is backed by the financial strength of the Swiss Re Group. Visit corporatesolutions.swissre.com