Infosys, Majesco to help accelerate insurance business transformation

Infosys has joined forces with US insurtech company Majesco to accelerate digital experience for insurers by helping with their insurance business transformation.

Through the partnership, Infosys and Majesco will collaborate to help joint customers fast track their digital transformation journey.

The partners will enable their insurance customers in unlocking new opportunities, handling the demand for customized customer experiences, the effectiveness of operations, and digital adoption throughout the insurance business value chain.

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.”

Infosys will combine its insurance domain and digital capabilities with the cloud-based next-generation suite of solutions of Majesco, which include the Majesco L&A and Group Core Suite, Majesco Digital1st Insurance on Majesco CloudInsurer, and Majesco P&C Core Suite.

The combination is expected to expedite business growth and drive innovation for the insurance sector.

According to Infosys, the combined synergy will help life and annuity (L&A), group, and property and Casualty (P&C) customers in transforming their business. Besides, it will help insurers in getting agility and innovation both at speed and scale.

Mohit Joshi – President, Infosys, said: “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.”