Majesco, a leading provider of cloud-based insurance software, has announced the launch of its new AI ecosystem designed to streamline insurance workflows.
The AI ecosystem, which is powered by Majesco Copilot, was introduced to help streamline operations in the insurance sector. Majesco is committed to advancing digital transformation, and this new product leverages AI to automate tasks, improve efficiency, and offer advanced data insights.
The offering allows seamless integration of AI models from various industry partners directly into Majesco’s workflows.
This integration enhances the company’s core insurance offerings by embedding intelligence into their software, allowing insurers to automate tasks, improve decision-making, and deliver data-driven insights.
Some of the initial AI partners in the ecosystem include Charlee AI, CyberCube, Fenris, Gradient AI, and CoreLogic. Each partner provides unique AI-driven models, ranging from predictive claims analysis to cyber risk evaluation and property insurance tools.
These collaborations bring cutting-edge AI solutions to Majesco’s clients, elevating the capabilities of its platform.
Majesco is well-known for providing innovative, cloud-based solutions that support digital transformation for insurance companies, driving operational efficiency and customer engagement.
It provides a comprehensive platform that supports insurers across different sectors, including property, casualty, life, accident, and health insurance.
Their cloud-based software enables insurers to modernise their operations and deliver customer-centric experiences.
According to the company, the integration of AI models is simplified through Majesco’s GenAI-powered infrastructure, which enables AI partners to easily embed their solutions into the Majesco workflow.
This creates mutual benefits for the partners and Majesco’s customers, enhancing operational intelligence across the insurance industry.
The launch of the Majesco Copilot AI ecosystem is part of Majesco’s larger mission to foster innovation in the insurance sector by providing their customers with access to best-in-class AI solutions.
Majesco Chief Product Officer and President Manish Shah said, “This new AI ecosystem introduces a rapid approach to integrate via Majesco Copilot with some of the most compelling and impactful solutions in the industry for our customers to deepen the intelligence at their fingertips.”
He further added, “We were an early pioneer in creating an ecosystem of partners with API integrations but are now taking the concept to a new level specifically for AI partners leveraging our GenAI foundation. We are excited to bring this to our customers and industry, creating greater value for everyone.”
Charlee AI Founder and CEO Sri Ramaswamy said, “We were an early partner with Majesco in their ecosystem and are really excited about this new approach to leverage Majesco’s data and analytics foundation that provides access to all the data and GenAI to embed intelligence into the workflow, a truly innovative approach.”
Copyright © 2024 InsurTech Analyst
