Last Updated : Wednesday, July 1, 2020 14:49:46

MAJESCO announces latest release to its Insurance Data & Analytics Platform

MORRISTOWN (NEW JERSEY, US) / MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered Information-Technology (IT) Consulting & Software services providing company Majesco Ltd announced latest release to the company’s Majesco Insurance Data & Analytics Platform.

In a press-release titled, “Majesco Announces Latest Release to the Majesco Insurance Data & Analytics Platform”, as attached and enclosed with the regulatory filing as submitted by the company to the Indian Bourses, it further read that, Latest updates to Enterprise Data Warehouse and Business Analytics Platform enhances performance and security measures, DevOps support and operational efficiencies.

The release further read that, Majesco (NASDAQ: MJCO), a global provider of cloud insurance platform software, today announced the latest release of the Majesco Insurance Data & Analytics Platform which includes several enhancements to Majesco Enterprise Data Warehouse (EDW) and Majesco Business Analytics (MBA) components of the platform.

Majesco Insurance Data & Analytics Platform helps insurers turn data into results and delivers relevant information to the right people in real-time.

Rich out-of-the-box capabilities allows customers to spend more time on insights and actions and less time on setup.

Majesco’s innovative EDW capabilities rapidly unlock insights from multiple internal data sources including policy, billing, claims and distribution, as well as external data sources, traditional 3rd party and innovative data providers, that enable both operational and strategic insights.

The solution provides a holistic view of business operations and its pre-built integration with MBA enables insurers to leverage and analyze data that will take their business to the next level.

This release highlights Majesco’s continued strategic investment in the Majesco Data & Analytics Platform that enable insurers to uncover opportunities for new products and experiences.

Some key enhancements for EDW include :

  • Integration with Majesco’s P&C Core Suite to power the Panoramic Customer Snapshot with for data insights and analysis
  • Additional out of the box analytics for commercial lines of business such as workers compensation, commercial auto, inland marine, and commercial property
  • Significantly lowered the effort of adding a new limit, making it an almost no code process from the source extraction right up to the analytical front end.
  • Support for Medicare line of business
  • Capability to monitor producer relationships
  • Capability for supporting sales organizational hierarchy
  • Wholesale billing support

In addition, improvements to MBA include :

  • Data marts and pre-built reports and dashboard with additional Billing and Distribution Management analytics
  • Ability to store and present data in an integrated manner across policies, its associated lines of business and producers
  • Ability to build self-service reports and dashboards to analyze Limits, Deductibles and Options across time, risk, location, policy and coverage and their impact on premium and loss
  • Fully integrated current and historical (AS-IS, AS-ON, AS-WAS) analytics view to support self-service analysis based on any date criteria

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