{"id":74657,"date":"2023-04-13T09:00:00","date_gmt":"2023-04-13T13:00:00","guid":{"rendered":"https:\/\/staging.majesco.com\/?post_type=press&p=74657"},"modified":"2023-04-13T08:01:50","modified_gmt":"2023-04-13T12:01:50","slug":"game-changing-strategies-execution-reveal-insurance-leaders-in-new-majesco-research","status":"publish","type":"press","link":"https:\/\/staging.majesco.com\/?press=game-changing-strategies-execution-reveal-insurance-leaders-in-new-majesco-research","title":{"rendered":"Game Changing Strategies Execution Reveal Insurance Leaders in New Majesco Research"},"content":{"rendered":"\n

Morristown, NJ \u2013 April 13th<\/sup>, 2023<\/strong> \u2013 Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced the availability of a new thought leadership report based on primary research with insurers, Game Changing Strategic Priorities Redefining Market Leaders<\/em>.<\/p>\n\n\n\n

The new report takes a comprehensive look at insurers\u2019 strategic priorities and responses to the intensification of market shifts, macro-economic challenges and shifting risks \u2013 creating potential headwinds to insurer digital business transformation strategies and plans.  Because times like these can be problematic and precarious for the future, it is more important than ever for insurers to rethink their priorities and approach, turning headwinds into a tailwinds to leap ahead.  The old proverb, “Necessity is the mother of invention”<\/em> gains new relevance. <\/p>\n\n\n\n

\u201cInsurers must accelerate their digital business transformation because technology and new operating models provide a foundation to adapt, innovate and deliver at speed — helping to create a tailwind and path forward,\u201d stated Denise Garth, Chief Strategy Officer at Majesco. <\/p>\n\n\n\n

\u201cThe rising importance and adoption of platform technologies, Cloud, APIs, microservices, digital capabilities, new\/non-traditional data sources, and advanced analytics capabilities are now crucial to growth, profitability, customer engagement, channel reach, and workforce changes.   Given the pace and multi-faceted nature of digital transformation, leading insurers are focusing on their strategic priorities and investments by being nimble, creative and bold, leaping forward from the competition.\u201d <\/p>\n\n\n\n

Strategic discussions on how you prepare and manage the changes needed in your business models, products, channels, and technology is more important than ever because new signals will continue to emerge adding further fuel to the pace of change.  Today\u2019s question is, \u201cCan we afford to ignore the business and technology trends that are re-imagining the value proposition for insurance and the future business model?\u201d The answer is no\u2026because pausing or holding back now will only create a widening competitive gap, placing insurers\u2019 businesses at risk.  Key strategic priorities that influence market leadership and growth include:<\/p>\n\n\n\n