Majesco Intelligent Claims for P&C Crowned as a Luminary Provider and a Recipient of the XCelent Advanced Technology Award in Celent’s “Property/Casualty Claims Report”, 2024 Edition

MORRISTOWN, N.J.--(BUSINESS WIRE)--Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced that Majesco Intelligent Claims for P&C has received top recognition as a Luminary Provider and the XCelent Advanced Technology Award in the Celent P&C Claims Report, highlighting Majesco’s robust claims platform, strong market position, and momentum in the insurance industry.

This prestigious award spotlights Majesco's commitment to delivering innovative and advanced technology solutions that empower property and casualty insurers to exceed their claims handling objectives. The report profiled 33 different North American property and casualty claims systems to help insurers define core systems requirements.

“We are pleased to announce that Majesco’s Intelligent Claims for P&C has earned the prestigious ranking of Celent Luminary Provider, as well as XCelent Advanced Technology Award recipient in the claims space,” stated Karlyn Carnahan, Head of Insurance, North America, Celent. “Majesco offers a robust P&C Claims solution that enable insurance carriers to deploy the capabilities needed to succeed in the new era of insurance, including embedded analytics and GenAI. Majesco’s recognitions reflects their ongoing commitment to providing exceptional technology solutions for the insurance industry solidifying their position as a top performer in the industry.”

“We are thrilled that Majesco Intelligent Claims for P&C is recognized as a Luminary and received the XCelent Advanced Technology Award by Celent,” said Manish Shah, Chief Product Officer, and President at Majesco. “Our focus on harnessing cutting-edge technology and a next-gen architecture to enhance our product offerings is driven by our desire to deliver measurable and impactful success to our clients. These recognitions underscore our investments in our product portfolio and our dedication to relentless innovation, which enable our customers to shape the future of insurance.”

Majesco Intelligent Claims for P&C helps carriers consolidate all claims operations onto a single platform, empower Business and IT users with agility, and get access to all claims data in real-time, ready-to-use reports, and embedded advanced analytics including GenAI. With Majesco Intelligent Claims for P&C, insurers can adapt their workflow and business processes to innovate and enhance their business while reducing costs, shortening the claims cycle, improving loss ratios, reducing leakage, and delivering an enhanced customer experience, essential for retaining existing customers.

“We are thrilled to receive these prestigious recognitions from Celent,” said Adam Elster, CEO at Majesco. “Our financial strength is the bedrock upon which we invest and build our innovative solutions. It grants us the freedom to invest in and cultivate a product portfolio that not only responds to the market needs but anticipates and shapes them. We see these recognitions as both a validation of our past efforts and a call to action to continue our journey towards excellence.”

For further details about Majesco's market-leading solutions and their impact on the property and casualty insurance industry, please visit www.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’s 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.