Majesco Unveils Innovative AI Ecosystem with Strategic Partners

Majesco Unveils New AI Ecosystem for Insurance Transformation

Majesco, a pioneering force in cloud insurance platform software, has made a significant announcement regarding the development of a cutting-edge AI ecosystem that will utilize Majesco Copilot. This initiative aims to incorporate various industry models into the Majesco solutions workflows, ensuring enhanced capabilities for customers.

Innovations Through Strategic Partnerships

According to Manish Shah, the Chief Product Officer and President at Majesco, this new ecosystem is designed to offer rapid integration with innovative solutions across the insurance industry. Majesco is enhancing customer experiences by embedding intelligence into their existing workflows. Shah highlights that this new approach marks a substantial step forward, building on their previous endeavors to create an ecosystem focused specifically on AI partners.

Empowering Insurance Companies with Data and Analytics

Majesco is at the forefront of embedding comprehensive data and analytics into its solutions, creating an intelligent foundation for users. The data infrastructure enables real-time access to information from Majesco solutions, allowing for the seamless integration of AI capabilities. With Majesco Copilot available on all screens, the company ensures that AI partner solutions are easily accessible at critical points in user workflows.

Initial Partners in the AI Ecosystem

The launch of this AI ecosystem includes a diverse array of initial partners, each bringing unique solutions to the table. Majesco is collaborating with:

• Charlee AI – Specializes in predictive models for litigation and severity in property and casualty (P&C) insurance.
• CyberCube – Provides AI-driven cyber risk quantification tailored for the insurance sector.
• Fenris – Offers prefill data and predictive algorithms applicable to auto, property, commercial, and life insurance.
• Gradient AI – Delivers artificial intelligence solutions for underwriting and claims in P&C and life & annuity (L&H) sectors.
• CoreLogic – Focuses on AI-enhanced solutions related to property insurance and climate risk assessment.

The collaborative efforts of these initial AI partners will allow Majesco customers to effortlessly implement industry-leading models that deepen the intelligence of their Majesco solutions when needed.

Benefits for Customers and Partners Alike

Majesco's customers will see significant advantages as they can integrate unique AI models into their workflows. This transformational approach allows for improved decision-making processes based on advanced analytics. Additionally, AI ecosystem partners will benefit from leveraging Majesco’s robust infrastructure and Copilot GenAI functionalities, enabling them to create impactful integrations that elevate their offerings.

Customer Testimonials on the New Initiative

Reflecting on this new approach, Sri Ramaswamy, the Founder and CEO of Charlee AI, expressed enthusiasm about the partnership. He noted their excitement for this innovative method of utilizing Majesco's data and analytics foundation to embed intelligence into workflows seamlessly.

Commitment to Continued Innovation

Majesco remains committed to leading the insurance industry through innovation. Their focus on building partnerships and integrating advanced solutions underlines their dedication to creating value for customers and the broader insurance landscape.

About Majesco

Majesco is recognized as a key partner for property and casualty (P&C) and life & annuity (L&H) insurers, empowering them to deliver superior customer experiences. By combining technology with industry expertise, Majesco anticipates future trends while maintaining a keen focus on present needs. Their intelligent software-as-a-service (SaaS) platforms cater to over 350 insurers, ranging from managing general agents (MGAs), startups, to major global insurers and reinsurers.

The company embraces change as an opportunity, helping customers navigate and mitigate risk in a rapidly evolving landscape. With over 1,000 successful implementations and a strong cloud presence, Majesco bridges traditional methods with a digital-first approach, instilling confidence and capability in its customers.

Frequently Asked Questions

What is the new AI ecosystem announced by Majesco?

The new AI ecosystem leverages Majesco Copilot to integrate innovative AI solutions into insurance workflows, enhancing customer intelligence and operational efficiency.

Who are the initial partners in Majesco's AI ecosystem?

Initial partners include Charlee AI, CyberCube, Fenris, Gradient AI, and CoreLogic, each contributing unique AI capabilities tailored for the insurance industry.

How does Majesco's Copilot enhance customer experience?

Majesco's Copilot allows users to access AI partner solutions at critical workflow moments, which helps improve decision-making and boosts overall productivity.

What benefits do Majesco's customers gain from this ecosystem?

Customers benefit from seamless integration of advanced AI models that enhance the intelligence of their solutions, providing deeper insights and better outcomes.

What commitment does Majesco have towards innovation?

Majesco is dedicated to leading the insurance industry through continuous innovation, fostering partnerships, and developing solutions that create greater value for its customers.

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