Infosys & Majesco to help Digitally Transform Insurers

Infosys has now partnered with the cloud-based insurance software solutions provider Majesco to enable insurance companies to aid in the digital adoption and transformation across the insurance value chain.

Majesco offers proprietary software solutions, application development, IT consulting, application management outsourcing, data warehousing, testing, business intelligence, and system integration services.

Ed Ossie, Chief Operating Officer at Majesco, said, "In an increasingly changing insurance marketplace of new customer expectations, new risks, new competitors and new innovative products, insurers must make bold moves to transform their business and meet the needs of a new digital era of insurance. Insurers must optimize today’s business and create the future business to substantially increase their potential for success. Majesco’s and Infosys’ collaboration will help our joint customers accelerate their transformation and their path to the future of insurance."

Mohit Joshi, President, Infosys, said, "We are excited to collaborate with Majesco to explore new opportunities and offer an enhanced digital experience to the insurance industry. In the new normal, insurers are exploring ways to offer hyper-personalized experiences and innovative coverage to acquire and retain customers. A few critical factors to realize these goals are faster time-to-market, flexible products with better configurability, integration with cloud hyperscalers and effective operations. Together, we will provide advanced insurance solutions to our customers and act as a catalyst in their transformation journey by delivering the next-generation digital insurance platform. Infosys and Majesco will bring more resiliency and customer-centricity to insurance carriers.

Infosys will work with Majesco to help their joint customers with the digital processes across areas such as group insurance, life and annuity, and property and casualty.

The collaboration will give Infosys access to Majesco's next-gen suite of insurance solutions which includes the Majesco Digital1st Insurance on Majesco CloudInsurer, Majesco L&A, and Group Core Suite, and Majesco P&C Core Suit, notes the announcement.