▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

Strategic Crossroads: Majesco’s Thought Leadership Guides Insurers To Align with the Demands of Today and the Future

#futureforecast--Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced the availability of a new thought leadership report, Realignment ...

Business Wire

MORRISTOWN, N.J.: #futureforecast--Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced the availability of a new thought leadership report, Realignment in Insurance: Strategic Priorities for Success, based on primary research with insurers. This new report underscores why the operational models and technology foundation, employed for decades, no longer align with the demands, challenges, and opportunities faced by insurers in today’s dynamic world.

The emergent risk, customer, product and technology landscape, including the accelerated adoption of AI including Gen AI, demands necessitate how insurers must rethink priorities and operate in 2024 and beyond. At the top of the list is the replacement of legacy technology with investment in next-gen intelligent insurance platforms to reshape their business model, and build a foundation that will drive operational optimization and innovation.

“Our 9th annual strategic priorities research analyzes and tracks the top-of-mind issues and priorities for insurers,” says Denise Garth, Chief Strategy Officer at Majesco. “The research reveals we are entering a new era underpinned by tumultuous factors that we are calling the Realignment Era. While the industry has been on a quest of transformation and digitalization, these efforts have been incremental at best, creating operational challenges such as cost, talent demands, profitability, channel ease of doing business and market competitiveness faced by many today.”

The steady, yet low investment in technology is not sufficient to keep pace with market, risk and customer demands. Insurers must realign their investments to realigned priorities and seek rapid implementation to drive sustainable growth, profitability, and success. Insurers loc in on investing in replacing their legacy core, creating new products, expanding channels, shaping new business models, reallocating resources, and continuing focus on innovation to meet the demands of today are projecting 1.4 – 1.95 times greater growth over the next three years. These organizations will emerge as leaders, highly sought after by customers, distributors, and employees as they align and adjust to a shifting demographic and expectations than in the past.

Majesco’s portfolio of solutions built on next-gen architecture of cloud-native, API-first, microservices and containerization, headless, and embedded analytics – including Gen AI empowers insurers to rapidly adapt to market shifts and demands, keeping them at the leading edge of the competition.

Learn more by downloading Realignment in Insurance: Strategic Priorities for Success, on the website or by emailing info@majesco.com.

About Majesco

Majesco is the partner P&C and L&AH insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what is next, without losing sight of what’s important now. Over 350 insurers, from greenfields and startups to some of the world’s largest insurers, rely on Majesco’s SaaS platforms solutions of core, data, analytics, digital, and rich ecosystem of partners to create their next now.

As an industry leader, we don’t believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 900+ successful implementations we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute.

For more information, please visit www.majesco.com and follow us on LinkedIn.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

Mastercard Incorporated to Host Information Session on Agentic Commerce…

On Monday, July 14, 2025 at 10:00 a.m. Eastern Time, Mastercard Incorporated (NYSE: MA) will host a session to explore Mastercard’s recent announcements…

Wave Function™ and Packsmith.ai: Redefining E-Commerce with AI Logistics

#3PL--Wave Function™, a New Bedford, MA-based founding partnership company, has invested in Packsmith.ai, a Los Angeles-based, AI-driven third-party logistics…

AI Unicorn EvenUp Opens New San Francisco Headquarters to Catalyze Growth…

#AI--EvenUp, the highest-funded AI technology company serving personal injury law firms, has officially opened its new headquarters at 353 Sacramento…

Amazon Prime Day 2025 Delivers Record Sales and Savings in Expanded Four-Day…

Amazon announced today that Prime Day 2025 was its biggest Prime Day event ever and that customers saved billions on deals across more than 35 product…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!