Core Software
Majesco Claims for P&C – Claims Management Software
Industry Recognized P&C Claims
An efficient claims operation is necessary for profitability but also serves as a fundamental pillar for enhancing customer satisfaction, loyalty, and retention. Claims for P&C, provides our customers with the necessary tools to seize these opportunities by leveraging a highly adaptable rules-based engine. This engine empowers them to streamline the entire claims process across all P&C lines of business, incorporating comprehensive functionality such as FNOL setup, claims setup, processing, and settlement, all facilitated by seamless and automated procedures.
Majesco P&C Intelligent Core Suite, our market-leading cloud platform, empowers customers to optimize efficiency and productivity, enhance customer experiences, and drive growth and profitability. We enable our customers to thrive in today’s fast-paced digital marketplace with the use of advanced technologies including GenAI, artificial intelligence, machine learning, and automation. Built on a common configurable platform, we provide rich, pre-built content that enables both IT and business users to make changes easily and independently.
Achieve Unparalleled Configuration Agility
Advanced rules-based functionality through our configuration tools, enabling a new level of autonomy in your claims administration process delivering the flexibility and control needed to optimize your claims operations.
Embrace Built-In Innovation for a Competitive Edge
Stay at the forefront of innovation to drive your success in the dynamic insurance landscape, gain a competitive advantage, and exceed customer expectations by leveraging cutting-edge technologies such as AI, ML, drones, IoT, virtual reality, and more, available through our robust partner ecosystem.
Revolutionize the Customer Experience
Claims for P&C is designed to transform the customer journey and efficiently process high volumes of claims, particularly during periods of claims inflation or catastrophic events.
Powerful and Proven P&C Solutions
Smart Risk Assessment: Empowering Effective Claims Management
Seamlessly integrate and leverage data from various sources, enabling comprehensive risk assessment and management for more informed decision-making.
- Proactively identify and evaluate claim complexity at an early stage, facilitating efficient resource allocation and effective claim handling strategies.
- Optimize operations by automating routine tasks, implementing integrated business rules, and leveraging robust work management capabilities, ensuring streamlined and efficient claims processing.
- Enhance underwriting quality and decision-making by leveraging powerful business rules that analyze claims history, enabling quick and accurate risk evaluation.
- Simplify payment disbursement processes with out-of-the-box integrated digital payments, leveraging One Inc platform. Effectively handle payments to insured parties, claimants, vendors, lienholders, and more, ensuring a seamless and efficient claims settlement experience.
Streamlined Catastrophe Management
Seamlessly handle extraordinarily high volumes of claims during periods of claims inflation, ensuring timely and effective resolution for policyholders.
- Optimize claims management costs by implementing streamlined processes that expedite the claims lifecycle, minimizing administrative overhead and maximizing operational efficiency.
- Empower policyholders with self-service capabilities, enabling them to expedite claims settlement times during a catastrophe, reducing the time and effort required for resolution.
- Benefit from enhanced features, including the ability to track catastrophes and their impact on insured properties, as well as efficiently route mobile claims appraisers to affected areas for prompt assessment and resolution.
Empowered by Real-Time Data and Intelligent Insights
Benefit from pre-configured mapping of metadata, standard reports, reporting tools, and interactive dashboards. Gain actionable business intelligence to proactively manage the entire claims process, leading to improved operational efficiency and informed decision-making.
- Seamlessly integrate with multiple data sources, including social media, private records, public information, and claims history. Leverage this diverse data to assess claim authenticity and identify exceptions, ensuring accurate and efficient claims management.
- Elevate underwriting quality and enhance decision-making capabilities by utilizing advanced business rules that analyze claims history. Uncover valuable insights to make informed decisions, minimize risks, and optimize underwriting processes.
- Access business rules, payment plans, templates, and forms through a modern architecture built on open standards. Enjoy ease of use and flexibility, enabling efficient customization and seamless integration into existing systems and workflows.
“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. 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.”
Karlyn Carnahan, Head of Insurance, North America, Celent
Featured ResourCes
Blog
Introducing P&C Intelligent Core Suite
This is the first blog in a series on our Spring ’23 Release. Over the next few months, we will continue to spotlight how Majesco is helping insurers achieve relentless innovation and meet the ever-changing market needs with an outside approach. For some time now, the insurance industry has been exploring the potential benefits of…
Thought Leadership
The Changing World of Risk: Insurers and Brokers at the Center of Risk
A Majesco and Capgemini Joint Point of View Report Risk. For insurers, it is at the heart of what they do – understanding, assessing, and managing it to provide, price, and underwrite the right products and value-added services to help customers manage in an increasingly uncertain world. But risk is changing, and challenging the predictability…
FAQ
With 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.
The deep functionality and proven processes in Claims for P&C, including its ability to incorporate emerging technologies like drones, internet of things, and virtual reality, give insurance providers complete control of their claims management today and in the future. The combination of high-level and detail-specific visibility gives business and IT users a better overview of the business and reduces loss exposure.
Claims for P&C helps carriers consolidate all claims operations onto a single platform, empower Business and IT users with agility, get access to ready reports with real-time data and advanced analytics, and enhance customer experience and retention.
