Majesco to Demonstrate the Power of its GenAI Assistant, Majesco Copilot, Setting New Operational Benchmark in Insurance at the 2024 Celent GenAI Symposium

MORRISTOWN, N.J.--(BUSINESS WIRE)--Majesco, a global leader of cloud insurance solutions for insurance business transformation, today announced its participation in the Celent GenAI Symposium 2024, taking place on September 18^th, 2024, at the Westin Times Square in New York. This premier event will gather industry leaders to explore the latest advancements in generative AI and its profound impact on the insurance sector.

Majesco will play a key role in the symposium’s agenda, with Manish Shah, President and Chief Product Officer, delivering a keynote session for insurance titled “From Automation to Innovation: How Generative AI is Reshaping the Insurance Landscape.” Scheduled from 1:30 to 2:00 PM, this session will delve into the transformative impact GenAI will have on the insurance industry with videos showing real, impactful use cases. Attendees can expect to learn how generative AI is optimizing operations and improving productivity by 10-20 times to positively impact expense ratios, bending the learning curve for employees, and revolutionizing customer service through AI-driven chatbots that enable impactful support and results. Attendees will gain insights into how this cutting-edge technology is driving innovation, improving profitability, and unlocking new efficiencies in the insurance sector.

“Based on a recent survey of North American insurers Celent has seen a dramatic increase in the application of generative AI across the insurance value chain. Majesco, one of the first core solution providers to incorporate generative AI into its solution, has provided their clients the benefit of realizing significant efficiency gains in key operational areas since early 2023,” says Keith Raymond, Principal Analyst at Celent. “Being an early adopter has provided Majesco with great insights into both the advantages and challenges of generative AI. My fireside chat with Manish will provide insurers with thought provoking insights and observations from what Majesco has learned along the way and how these learnings will influence the future application of generative AI to enhance automation along the insurance value chain.”

In addition to the keynote, Majesco will have a strong presence in the exhibit hall, where attendees can visit our table (#1) to engage with our team and witness live demonstrations of our latest intelligent solutions. Majesco has embedded analytics, including GenAI in the entire portfolio of solutions. These demos will highlight how Majesco’s innovations are streamlining processes, reducing costs, and accelerating processing times, thereby empowering insurers to better serve their customers and stay competitive in a rapidly evolving marketplace.

“We are thrilled to be part of the GenAI Symposium and to showcase how Majesco’s intelligent solutions and Copilot, the first and only GenAI assistant, is driving significant advancements in the insurance industry,” says Manish Shah. “This event provides a fantastic platform for us to demonstrate our commitment to innovation and to connect with industry peers who are equally enthusiastic about the future of insurance.”

For more information about Majesco’s participation at the GenAI Symposium, or to schedule a demo at our exhibit table, please visit www.majesco.com or contact us directly.

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.