{"id":63045,"date":"2021-04-05T11:00:00","date_gmt":"2021-04-05T15:00:00","guid":{"rendered":"https:\/\/staging.majesco.com\/?post_type=press&#038;p=63045"},"modified":"2022-11-18T16:01:08","modified_gmt":"2022-11-18T21:01:08","slug":"majesco-adds-new-capabilities-in-distribution-management-platform","status":"publish","type":"press","link":"https:\/\/staging.majesco.com\/?press=majesco-adds-new-capabilities-in-distribution-management-platform","title":{"rendered":"Majesco Adds New Capabilities in Distribution Management Platform"},"content":{"rendered":"<p><em>New generally available release includes features that provide major quality of distributor performance improvements for carriers looking to optimize and expand distribution channels<\/em><\/p>\n<p><strong>Morristown, NJ April 5, 2021\u00a0\u2013 <\/strong>Majesco, a global leader of next-generation cloud insurance platform software for insurance business transformation, today announced the general availability of new key capabilities to <a href=\"https:\/\/staging.majesco.com\/distribution-management\/\">Majesco\u2019s Distribution Management platform<\/a>.<\/p>\n<p>\u201cOur latest product release for Majesco Distribution Management, includes major ease of use capabilities for our customers,\u201d said Manish Shah, President and Chief Product Officer at Majesco. \u201cWe have now enabled carriers to quickly and automatically identify and notify under performers and route them to termination if necessary. In addition, we added enhanced communication preferences, through configurable notifications, which can be sent directly to producers or their parent organization, and mass onboarding of producers through a file upload, particularly valuable when bringing on large distribution groups.\u201d<\/p>\n<p>This latest release highlights Majesco\u2019s continued strategic investment in distribution management by expanding innovative, new digital, distribution and data capabilities to speed distribution on-boarding and optimize the distribution operation to drive profitable growth. \u00a0Some of the key new capabilities include:<\/p>\n<ul>\n<li><strong>Distributor Performance <\/strong>\u2013 Enables carriers to configure rules that automate identification of under performers and flag for termination. The approval workflow includes low performance warning notifications sent to producers prior to review of a potential termination decision.\u00a0 After review, the termination can be cancelled if performance is met or accepted.<\/li>\n<li><strong>Communication Personalization \u2013<\/strong> Enhanced capabilities through configuration of communication and notification preferences for distributors or their parent organization.\u00a0 This capability will enable carrier\u2019s flexibility to better service distribution channels that can influence growth in business from those channels.<\/li>\n<li><strong>Rapid Mass Onboarding<\/strong> \u2013New mass onboarding that speeds and streamlines the onboarding process and enables hundreds or thousands of producers to be onboarded simultaneously through a simple file load rather than a manual process, accelerating business growth.<\/li>\n<\/ul>\n<p>\u201cInsurers acceleration of new products, new business models, and new ways of engaging with customers is driving an increase in the use of new channels,\u201d said Karlyn Carnahan, head of Celent\u2019s North American Property Casualty practice.\u00a0 \u201cIf a carrier wants to fully exploit the potential of its various channels, they must think very differently about distribution management, compensation and segmentation.\u00a0\u00a0 Distribution management platforms must continue to evolve to enable insurers to manage their distribution force with increasing sophistication.\u201d<\/p>\n<p>Today\u2019s insurers must bring together a range of distribution, data and digital capabilities as a foundation of a next-generation distribution operation to effectively expand their reach, brand and customer engagement in a multi-channel world.\u00a0 Majesco Distribution Management offers a next generation solution to manage the complexities of a changing distribution landscape using technology that keeps the insurance providers on the leading edge by reducing the time to implement a new distribution arrangement or consolidate the existing channel landscape onto a common platform. From managing multiple channels, to handling complex and high-volume changes, and personalizing payment schedules for channels, to accommodating integration with existing core insurance systems, Majesco Distribution Management enables agility, innovation and speed.<\/p>\n<h2>About Majesco<\/h2>\n<p>Majesco\u00a0provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business \u2013 and the future of insurance \u2013 at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal.\u00a0 Over 200\u00a0insurance companies worldwide in P&amp;C, L&amp;A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer\u00ae P&amp;C Core Suite (Policy, Billing, Claims);\u00a0CloudInsurer\u00ae\u00a0LifePlus Solutions (AdminPlus, AdvicePlus, IllustratePlus, DistributionPlus); CloudInsurer\u00ae\u00a0L&amp;A and Group Core Suite (Policy, Billing, Claims); Digital1st\u00ae Insurance with Digital1st\u00ae eConnect, Digital1st\u00ae EcoExchange and Digital1st\u00ae Platform \u2013 a cloud-native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse. For more details on Majesco, please visit\u00a0www.majesco.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New generally available release includes features that provide major quality of distributor performance improvements for carriers looking to optimize and expand distribution channels Morristown, NJ April 5, 2021\u00a0\u2013 Majesco, a global leader of next-generation cloud insurance platform software for insurance business transformation, today announced the general availability of new key capabilities to Majesco\u2019s Distribution Management&hellip;<\/p>\n<div class=\"wp-block-button is-style-transparent-arrow\"><a class=\"wp-block-button__link majesco-2022-read-more-link\" href=\"https:\/\/staging.majesco.com\/?press=majesco-adds-new-capabilities-in-distribution-management-platform\">View Full Resource <\/a><\/div>\n","protected":false},"featured_media":0,"template":"","solution":[16],"customers":[],"partners":[],"solution-categories":[],"class_list":["post-63045","press","type-press","status-publish","hentry","solution-distribution-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Majesco Adds New Capabilities in Distribution Management Platform<\/title>\n<meta name=\"description\" content=\"New generally available release includes features that provide major quality of distributor performance improvements for carriers looking to optimize and\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Majesco Adds New Capabilities in Distribution Management Platform\" 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