Benzinga | May 18, 2021 07:38AM EDT

Majesco Collaborates with Infosys to Accelerate Digital Experience for Insurers

Infosys (NYSE:INFY), a global leader in next-generation digital services and consulting, and Majesco, a global leader of cloud insurance software solutions, for insurance business transformation, today jointly announced a strategic collaboration. Through this collaboration, Infosys and Majesco will work together to help joint customers accelerate their digital transformation journey, enabling them to unlock new opportunities, address the demand for personalized customer experiences, operational effectiveness, and digital adoption across the insurance business value chain.

Infosys' insurance domain and digital capabilities combined with Majesco's cloud-based next-generation suite of solutions including the Majesco L&A and Group Core Suite, Majesco P&C Core Suite, and Majesco Digital1st(r) Insurance on Majesco CloudInsurer(r), will accelerate business growth and innovation for the insurance industry. The combined synergy will help Life & Annuity (L&A), Group, and Property & Casualty (P&C) customers transform their business and will benefit insurers in achieving agility and innovation at speed and scale.

"In an increasingly changing insurance marketplace of new customer expectations, new risks, new competitors and new innovative products, insurers must make bold moves to transform their business and meet the needs of a new digital era of insurance," said Ed Ossie, Chief Operating Officer at Majesco. "Insurers must optimize today's business and create the future business to substantially increase their potential for success. Majesco's and Infosys' collaboration will help our joint customers accelerate their transformation and their path to the future of insurance."