InsurTech Innovator AVINEW selects MAJESCO’s P&C Core Suite

MORRISTOWN (NEW JERSEY – US) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered information technology company Majesco Ltd said of the Los Angeles (US) based insurance technology innovator Avinew selecting Majesco’s P&C Core Suite on Majesco CloudInsurer™ as its platform for growth and innovation.

In a press-release, submitted by the company to the Indian Bourses titled – “InsurTech Innovator Avinew Selects Majesco P&C Core Suite on Majesco CloudInsurer™ as its Platform for Growth and Innovation” if further read that, Majesco’s Track Record for Speed-To-Value, Microservices-Based Capabilities and Cutting-Edge Partner Ecosystem Will Help Fuel Avinew to Deliver New Auto Insurance Solutions to Drivers.


The press communique further read that, Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced that Avinew, the InsurTech company reinventing auto insurance for the age of autonomous and semi-autonomous vehicles, chose Majesco P&C Core Suite on Majesco CloudInsurer™ as the foundation of its business operations.

Through a direct-to-consumer model, Avinew is looking to reward customers for buying safer cars and enable the safety, savings and freedom that come with autonomy.

Avinew’s front-end quote and insurance app, both mobile and online, will use Majesco’s SaaS, cloud-based P&C Core Suite and extensive APIs to create a fully managed service to power its growth plans and provide cutting-edge services to their customers.


LEADERSHIP TALKS

“The advanced safety features in today’s cars are changing the way we drive. It’s both an opportunity and a necessity that the auto insurance market changes as well,” said Avinew CEO, Dan Peate.

“We believe that if drivers use safety features responsibly, they should be rewarded with insurance cost savings for helping make the roads safer for all of us. We are thrilled to be working with Majesco who is able to help us meet our February 1, 2020 launch date.”

Avinew selected Majesco based on its proven track record helping other companies deliver speed-to-market, with a 12-week benchmark for minimum viable products.

Additionally, Majesco’s integration and microservices-based capabilities, and its innovative partner ecosystem, are designed to bring the most cutting-edge consumer and technology trends to insurance.

“We are incredibly impressed by Avinew’s vision and excited to partner with them as they incentivize and inspire consumers to embrace and use new auto tech in their daily lives,” commented Majesco CEO Adam Elster.

“Majesco envisions a world where insurance becomes as easy, seamless and powerful as any business or personal service we expect. We’re committed to helping companies like Avinew – whose focus on innovation, digital, and leveraging data to drive innovation in insurance aligns with our vision for future – meet the demands of a new generation of customers and a new era of insurance.”


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