Guiewire Feb 2018 TL
Follow Us
ITA MEMBERSHIP

DATA

DATA

Majesco Launches Business Analytics as Part of Data Offering

Staff Writer | August 13, 2015

Majesco 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 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,” says Manish Shah, executive vice president, 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,” says 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, senior vice president for Majesco Data Services.


Featured articles

Majesco MR

MT 4 10 2018 Large RHS

ELECTRONIC CHAT

The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.

ITA LIVE 2019

The tide is up! It's time to register for ITA LIVE 2019, our annual educational and networking conference! Our theme is "The InsurTech Revolution: Cutting Through the Hype." and we'll be bringing in a torrent of industry thought leaders, amazing insight and wonderful perspectives on the world of insurtech and its impact on the insurance landscape.

ITA LIVE 2019 will present real-life examples of true startup technologies that are helping insurers gain real advantage -- and a competitive edge -- in the marketplace. We’ll highlight the more successful InsurTech partnerships, while offering case studies that demonstrate exciting innovation and cutting-edge techniques impacting all aspects of the insurance ecosystem.

Ride the wave to LIVE 2019. Sign up today! We look forward to seeing you in May, 2019!

BLOGS AND COLUMNS

only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News