Quadrant Knowledge Solutions Recognizes Majesco as a Technology Leader in its SPARK Matrix™: P&C Core Insurance Platform, 2021
MORRISTOWN, NJ – (BUSINESS WIRE) – Majesco, a global leader in cloud insurance software solutions for insurance business transformation, today announced that it has been recognized as a Technology Leader in Quadrant Knowledge Solutions”SPARK Matrix™: Basic P&C Insurance Platform, 2021”.
The report, which includes 12 solution providers, states: “Quadrant Knowledge Solutions’ P&C Core Insurance (PAS-P&C) Market research includes in-depth analysis of the global market regarding near and long term growth opportunities, emerging technology trends, market trends and future prospects of the Marlet. The study provides a comprehensive analysis of the market forecast of the global market and the overall market adoption rate. This research provides strategic insights for technology vendors to better understand the existing market, supporting their growth strategies; and for users to assess different vendors’ capabilities, competitive differentiation, and market position. »
According to Pradnya Gugale, analyst at Quadrant Knowledge Solutions, “Majesco’s robust cloud-based property and casualty insurance suite provides full lifecycle processing capabilities for all lines of property and casualty insurance, including policy, billing and claims. The company’s P&C portfolio has the ability to combine basic applications with complex, ML-based advanced data analytics, offer pre-loaded models and out-of-the-box content with powerful configuration tools to enable a rapid product launch and focus on creating the next generation of digital insurance. platform with robust digital experience tools. With its strong vision to deliver a fully cloud-native SaaS offering, the company received high marks on the Technology Excellence and Customer Impact metrics and was ranked as a Technology Leader in the SPARK 2021 Matrix: P&C Core Insurance Platform adds Pradnia.
“Huge changes are on the horizon for insurance,” said Manish Shah, Chief Product Officer and Chairman of Majesco. “Our industry leaders are replacing their modern legacy and on-premises core with next-generation SaaS core platforms that are cloud- and API-ready, highlighting a major new technology shift that is forcing operators to rethink their core once again. more. These next-generation “intelligent” platforms, like our P&C Core Suite, have comprehensive capabilities that meet the ever-changing needs of insurance customers, while delivering broader digital, data, and functional capabilities that enable innovation for insurers. It is an honor to be recognized as a technology leader by Quadrant Knowledge Solutions and we look forward to continuing to add value to our industry and helping insurers build the future of insurance.
Majesco P&C Core Suiteis a powerful foundation suite for personal, business, workers’ compensation, specialty products, and new products such as parametric and on-demand products to accelerate business growth and innovation, which comprises a set of distinct, yet fully integrated solutions, which together provide the flexibility and speed to innovate while generating significant and sustainable growth, putting the power in the hands of the insurer.
- Majesco Damage Policy is an advanced, comprehensive, market-leading policy management system that provides full life cycle processing capabilities for all P&C insurance lines, including innovative new products.
- Majesco Billing for P&C is the most widely adopted, award-winning solution that enables insurers to support risk products and value-added services to improve customer experience, improve cash flow, reduce daily in-process sales and increase efficiency operational
- Majesco Claims for P&C supports the entire claims process and settlement cycle with comprehensive functionality including: FNOL Setup, Claims Setup, Processing, Fraud Assessment, Chat Management, and Settlement.
“Our industry has seen a decade of change and innovation in less than two years,” said Adam Elster, CEO of Majesco. “During this time, we have continued to demonstrate the strength of our P&C core suite by enabling insurers to extend the scale and effectiveness of their strategic digital transformation initiatives. We believe that our customer-focused philosophy, coupled with our need to drive innovation within our industry, continues to position us at the forefront of the market and we are delighted to be recognized as a technology leader by Quadrant Knowledge Solutions.
Majesco is the leading software partner for the P&C and L&A insurance markets to modernize, optimize and innovate their businesses quickly and at scale. More than 330 insurers, from greenfields, start-ups and MGAs to the largest insurers, reinsurers and brokers, use Majesco’s next-generation SaaS platform solutions for core, data and analytics, digital, distribution, absence management and a rich ecosystem of established partners and InsurTech. 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 the cloud with Majesco platform solutions, together we have an incredible track record of innovation and real-world results. For more details on Majesco, please visit majesco.com.
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global consulting and advisory firm focused on helping clients achieve their business transformation goals through business strategy and growth consulting services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and advisory deliverables are designed to provide comprehensive insights and strategic insights to help clients formulate growth strategies to survive and thrive in ever-changing business environments. For more research available, please visit https://quadrant-solutions.com/market-research/.
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