A next-generation data and analytics platform that captures, analyzes and monetizes data with powerful predictive and machine learning analytics
Majesco, a global provider of insurance software solutions, announced the launch of Majesco L&A Insurance Data & Analytics Platform, a powerful, data-driven solution that captures, analyzes and monetizes data to empower the L&A and Group Benefits business. The platform, which is pre-integrated with Majesco L&A Core Suite, leverages internal and external data with predictive and machine learning analytics to help insurers translate the data into transformational insights and actionable intelligence to meet the demands of their businesses today and tomorrow.
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“In today’s digital age, data and analytics are the fuel for innovation and digital transformation,” said Manish Shah, President and Chief Product Officer at Majesco. “We want to enable carriers to leverage their operational and new, innovative sources of data that is both secure and easy to access, while putting insights directly in the hands of business to drive transformational, intelligent action. Our newly launched Majesco L&A Insurance Data & Analytics Platform provides a rich, robust solution to empower insurers to drive operational efficiency and effectiveness, as well as, innovation using these insights.”
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With ready to use reporting templates, reusable widgets and sophisticated out-of-the-box analytic capabilities, Majesco’s L&A Insurance Data & Analytics Platform empowers the business to create and share meaningful reports and dashboards to drive productivity and growth, while providing new insights through predictive and machine learning that will help accelerate their digital transformation. Carriers can organize data from any system to capture, analyze and monetize the data to gain transformational business insights.
“Investing in digital transformation and getting the most value from data and analytics are top of mind for insurance company executives,” said Keith Raymond of Novarica. “The focus on data and analytics is accelerating now especially as digitization and virtualized customer transactions grow due to COVID-19. Data and analytics are also seen as a competitive advantage that makes it easier to do business, make better decisions, and improve customer knowledge translating into an improved customer experience.”
