Risk & Compliance Solutions
Loss Control Software for Insurance
AI-Powered Climate Tech-Driven Risk Management
As property risks intensify due to climate change, severe weather, aging infrastructure, and rising customer expectations, insurers need smarter digital solutions to manage risk, control costs, and maintain profitability. Majesco’s loss control software for insurance and survey management platform, embedded with climate property intelligence and GenAI, empowers insurers with AI-driven risk assessment, automation, and seamless integration to proactively reduce losses and optimize underwriting. Building on this foundation, Majesco extends its AI leadership with Copilot and Agentic AI—introducing enhanced data visibility, streamlined workflows, a specialized AI Agent that automates survey assessments, and a Natural Catastrophe risk agent that continuously monitors severe weather and can automatically trigger policyholder-ready reports or follow-up surveys for impacted locations.
Advanced & Configurable Survey Management
Loss Control represents the pinnacle of automation, streamlining the entire survey life cycle from inception to completion. Driven by data from Majesco’s expansive contributory database of survey data, our AI-powered digital tools with built-in climate property intelligence take loss control to a whole new level by improving AI insurance risk assessment with intelligent risk analysis and predictive modeling. Now enhanced with Azure Maps, our platform replaces Bing Maps to deliver more precise and scalable mapping and geocoding capabilities across the system—further empowering insurers with location intelligence that gives users clarity and control.
Unleash the Power of Innovative AI
Experience the industry’s most extensive repository of survey data, encompassing over 2.4 billion observational data points, 242 million images from 19.2 million meticulously completed property surveys conducted by trained risk engineers in the field. These surveys, rigorously quality-assured, encompass a staggering 200+ million tagged photos, providing the ideal foundation for AI-driven insurance risk management and machine learning applications.
AI-Enabled Property Risk Assessment
The risk characteristics contained within the database are used to create AI-driven models that can determine insurance risk levels with precision. Take a picture of an electrical panel, a hot water tank, a roof, a backyard, and the software will automatically analyze the image using AI insurance risk assessment models and match it against the 200+ million photos in the database to provide quick and useful analysis. Bulk editing for inspection photos, and a completely refreshed inspection timeline, gives users clarity and control.
A Robust Portfolio of Solutions
Automate & Streamline Loss Control Surveys
- Automate the survey life cycle from creation to completion, with 50% faster survey completion using AI-powered data science models, streamlining the process for insurers.
- Seamlessly integrate data from Majesco’s contributory database, third-party sources, and inspection companies for efficient loss control tasks.
- Improved data visibility with DynForms, bulk prompt uploads, DocScribe Answer Agents that turn field audio into structured survey data (with Excel attachment support), resend capability, and UI refinements all make oversight simpler and move teams from inspection to action faster.
.
Data Driven Insights
- Enhance compliance strength by implementing Premium Audit APIs, establishing audit trails, and improving transparency.
- Leverage innovative AI, machine learning, and Analytics Anywhere for Loss Control to gain valuable insights from embedded dashboards and reports—without jumping between tools.
- Make informed decisions, improve risk assessment, and optimize underwriting profitability based on data-driven intelligence and AI insurance risk management tools.
Enhanced Risk Accuracy
- Utilize AI-enabled property risk assessment models to precisely determine risk levels for diverse properties.
- Complete risk surveys faster and more accurately with AI-driven risk management saving 15-45 minutes per survey using Majesco Copilot.
- Proactively address and mitigate potential risks, leading to improved loss prevention and safeguarding policyholders’ interests.
- Identify property risks early and drive risk-resilient strategies to mitigate or eliminate the risk with your customers, shifting the impact of climate-driven loss trends.
Featured Resources
Blog
Commercial and Specialty Lines in a World of Increasing Risks
Those of us in the insurance industry often read breaking headlines through an insurance filter. When we hear or read about something like the Norfolk Southern train derailment in East Palestine, Ohio, we naturally think about the people of the town, but we also sort through questions regarding claims and preventive measures. I found myself…
Blog
Prevention Instead of Payouts: New Levers for Group and Voluntary Stability and Growth
You are the U.S. VP of Human Resources at a global shipping company. For years, the most stressful part of your job was mergers and acquisitions. In the past decade, your company was on an “acquisition spree” and it was up to you to make sure that entire employee populations were brought on board promptly…
FAQ
A loss control platform manages the entire loss control survey process on insured properties. This includes ordering, assignment to field-staff, quality assurance, underwriting, and recommendation follow-up. Survey reports and recommendation letters are generated for underwriters and insureds and this data can be stored in the platform as a system of record.
Premium Audit software helps insurance companies facilitate a periodic review to make sure the estimated workers’ compensation premium established at the beginning of the policy period accurately reflects any changes in business operations and/or payroll that may have occurred since the policy was issued.
A Guide Stream session is a survey conducted virtually via a live video stream. The session is mentored by an insurance professional who guides a policyholder or other insurance professional through a virtual inspection of a risk. The mentor may take photos and ask questions while providing guidance and recommendations to the inured.
AI enhances insurance risk assessment by leveraging machine learning, image recognition, and predictive modeling to evaluate properties, detect potential hazards, and recommend risk mitigation strategies. This enables insurers to make faster, more informed underwriting decisions.
AI insurance risk management uses advanced data analytics, automation, and AI-driven insights to identify and mitigate risks proactively. By analyzing historical claims data, property assessments, and real-time information, AI helps insurers optimize underwriting profitability and reduce losses.
