Core Software
Policy Management Software for MGAs & MGUs
Flexible & Adaptive
The insurance industry is currently experiencing unprecedented levels of competition. In response to this, MGAs and MGUs are turning to P&C CoreConnect Policy to empower and scale the business. This comprehensive policy management solution is designed to streamline the entire lifecycle for P&C insurance lines, making the intricate simpler. Leading and innovative MGAs and MGUs, as well as smaller insurers, are utilizing its sophisticated processing features to enhance scalability, optimize operations, innovate new products, and maintain a competitive edge in the fast-evolving market.
Increase Effectiveness
Optimize operational effectiveness by streamlining and automating manual processes and eliminating rekeying with intelligent submission handling for automatic submissions from ACORD forms, along with integrated document generation and management capabilities to automatically generate document packets and process endorsement.
Expand Your Market Reach
Multi-language portals enable regional market penetration and provide an enhanced user experience for non-English speaking agents and policyholders.
Scale With Confidence
Next-Gen, modular technology architecture comprised of deep configurations, rich APIs, and pre-configured plug-and-play industry-leading third-party services to harness advanced features to grow your business with ease.
Market Leading P&C Solutions for MGAs and MGUs
Reach Untapped Markets
Leverage a ready-to-use solution with deep customization capabilities for a rapid implementation to reach your users.
- Multi-language portals to reach regional market penetration and enhance the user experience for non-English speaking agents and insureds.
- Multi-currency and global regionalization enable global companies to utilize a unified platform and avoid costly integration or data consolidation.
- Integration and support for the London and Lloyds market.
Simplify and Automate Manual Processes
A rich feature set that simplifies and eliminates rekeying and redundant work to improve overall effectiveness.
- Bulk schedule automation provides capabilities that allow seamless processing of extremely large schedules of risks to enable teams to write and align any risks according to their desired appetite.
- Access document generation and management capabilities that eliminates rekeying or manual steps to create document packets and process endorsements or renewals.
- Harness advanced straight-through processing of rates, automation of steps in the renewal quote workflow, and completely automated renewal processes.
Predict and Powerful Next-Gen Technology
Improve speed to market and user experience with ready-to-use integrations and technology.
- Business user-optimized experiences and screens eliminate IT dependence.
- Rich API library comprised of all major policy transaction types enables seamless connectivity to partners.
- Market-leading Azure SQL Database to store all risk data.
- Accelerate with pre-configured integration with data enrichment providers (Verisk, LexisNexis, Melissa Data, Google Maps, comparative raters, and more).
- Use BI/MI analytical functionalities with self-service reporting manager.
“We were impressed with the unwavering dedication to accelerating systems upgrades, delivering results in half the time compared to typical implementations. This speed-to-market approach perfectly aligns with our commitment to providing responsive, efficient, and innovative solutions for our distribution, carrier, and reinsurance partners.”
Jai Prakash, CIO, Embark
Featured ResourCes
Blog
Are Low-Code/No-Code Solutions the Answer to Increasing Speed to Market?
Carriers’ and MGAs’ core competencies are focused on creating, pricing, and delivering great products that match the needs of the marketplace. However, the next-gen software platforms needed to enable these core competencies are not typically in the insurance company’s wheelhouse. The InsurTech concept was developed to help insurers and their distributors replace manual processes and…
Blog
The Intelligent Edge: Embedded Analytics and Generative AI at the Core of Majesco’s Intelligent Core Suites for P&C and L&AH Revolutionizing the Insurance Industry
This blog is co-authored between Majesco and Quadrant Knowledge Solutions in taking a further look into Majesco’s groundbreaking achievements in Insurance Core Technology, as assessed and recognized by Quadrant Knowledge Solutions’ SPARK Matrix ranking as #1 for both P&C and L&AH Intelligent Core Suites. In the ever-evolving landscape of the insurance industry, Majesco leads the…
FAQ
Majesco P&C CoreConnect Policy is part of Majesco P&C CoreConnect that includes policy, billing, and claims. It can be deployed stand-alone to seamlessly integrate with partner portals and services or integrated within the full suite.
Cultural, demographic, and global shifts are driving demand for new P&C risk products and services, with today’s insurers seeking personalized, transparent, and efficient experiences. To stay competitive, MGAs and MGUs must prioritize innovation, leveraging real-time data and technology across six key focus areas. These areas include improving underwriting precision, embracing new technologies to reduce loss incidents, aligning with digital customer expectations, deploying AI-driven automation, adopting a data-driven approach, and optimizing IT operating models for future resilience and agility.
Majesco P&C CoreConnect Policy is a feature-rich policy management system offering end-to-end lifecycle processing for P&C insurance lines to simplify the complex. Leading MGAs and MGUs, and smaller insurers have leveraged the advanced processing capabilities to scale, improve costs, and stay ahead of the competition.
