Majesco Partners with Larsen & Toubro Infotech to Transform Business Operations for Insurers

MORRISTOWN, N.J.--(BUSINESS WIRE)--Majesco, a global leader of cloud insurance software solutions, for insurance business transformation, today announced a partnership with Larsen & Toubro Infotech (LTI) to help our clients accelerate their digital transformation journey, unlock new opportunities, and deliver personalized customer experiences.

LTI is a global technology consulting and digital solutions company, helping insurers solve complex business problems such as Digital Adoption, Customer Experience, Speed-to-Market, Underwriting Profitability, Operational Efficiency and Claims Optimization, across the insurance value chain, including intermediaries, carriers, reinsurers, and regulators.

“Today’s customers are digitally adept. With changing behaviors and needs, there’s even more demand for flexibility and convenience in customer experience,” says Ed Ossie, Chief Operating Officer at Majesco. “The partnership between Majesco and LTI will help customers leverage today’s digital technologies and cutting-edge solutions to deliver a new user experience, create new products and services while innovating their business models.”

LTI’s deep domain expertise and proven credentials in package implementation across the insurance value chain, coupled with Majesco’s cloud based Digital and Core solutions, will help insurers realize the business value faster through digital transformation.

“We are strategically strengthening our ecosystem of partners to provide our customers flexible, cloud-native and modern solutions to build their digital foundation. We are thrilled to partner with Majesco, one of the leaders in the industry, to empower breakaway insurers with the next-generation solutions,” says David Althoff, Chief Business Officer, Insurance of LTI. “We’re confident our technology driven mindset and extensive consulting expertise along with Majesco’s market-leading solutions will accelerate digital transformation of our clients.”

The partnership will focus on LTI providing systems integration expertise and resources to help Majesco customers in their implementations. Currently, there are several P&C and L&A customers who will be leveraging this partnership for their transformation programs. Majesco has worked closely with LTI to ramp up trained resources to support these and future programs.

About Majesco

Majesco is the leading software partner to both the P&C and L&A insurance markets to modernize, optimize and innovate their businesses at speed and scale. Over 330 insurers, from greenfields, start-ups and MGAs to the largest insurers, reinsurers and brokers use Majesco’s next generation SaaS platform solutions of core, data, and analytics, digital, distribution, absence management and a rich ecosystem marketplace of established and InsurTech partners to build the future of insurance.

Our technology, expertise and leadership help insurers innovate and connect to build the future of their business. With over 825 successful implementations and over 65% of our customers on Cloud with Majesco platform solutions, together we have an amazing track record of innovation and real-world results. For more details on Majesco, please visit www.majesco.com.

About LTI:

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 460 clients succeed in a converging world. With operations in 33 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unrivalled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 40,000 LTItes enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees and shareholders. Find more at http://www.Lntinfotech.com