Majesco Recognized as One of the World’s Top Insurtech Companies by CNBC and Statista

MORRISTOWN, N.J.--(BUSINESS WIRE)--Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced its inclusion in The World’s Top Insurance Companies 2024 report, compiled by CNBC in collaboration with the market research firm Statista. This prestigious recognition highlights Majesco’s pivotal role in driving innovation and transforming the insurance industry through its advanced technology solutions.

As the insurance industry continues to face unprecedented change due to macro-economics, profitability and growth challenges, shifting customer demographics, increased risk, and rapid adoption of modern technologies, the demand for innovation and next-gen, intelligent solutions has never been higher. The World’s Top Insurance Companies 2024, honors the top 150 insurtech companies globally, recognizing those that are leading the charge in replacing traditional, cumbersome processes like claims processing, quote comparisons, and underwriting with cutting-edge digital technologies.

“We are honored to be recognized among the world’s leading insurtech companies,” said Adam Elster, CEO at Majesco. “This award is a testament to our relentless focus on innovation and commitment to empowering insurers with next-gen, intelligent solutions, including embedded AI and GenAI, to drive operational optimization and innovation in today’s insurance landscape.”

The selection process for this report involved in-depth analysis and research by Statista, which evaluated over 1,000 companies across six different market categories. The final list was determined based on a combination of overarching key performance indicators (KPIs) and segment-specific KPIs, with a heavy emphasis on innovation, market impact, and technological advancement.

Majesco was recognized in the Policy Administration & Admintech segment, with innovative solutions that streamline insurance policy management, automative administrative tasks, and enhance efficiency. Majesco’s inclusion underscores its leadership as the first and only core solution organization to embed GenAI into the entire portfolio of solutions across the entire value chain, proving pivotal role it plays in helping insurers drive productivity, efficiency, streamline operations and create enhanced user experiences to bend the cost and learning curves for insurers.

For more information on Majesco’s intelligent solutions and embedded GenAI capabilities, 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 is next, without losing sight of what’s important now. Over 350 insurers, from MGAs, greenfields and startups to some of the world’s largest insurers and reinsurers, rely on Majesco’s intelligent SaaS platforms solutions, with GenAI powered insurance data analytics, of core, data, analytics, distribution, underwriting, loss control, 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 1000+ successful implementations and 90% of our customers in the cloud 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.