Trailblazing Together: Majesco Celebrates a Transformative 2024 Product Council, Showcasing Visionary Product Innovations Driven by GenAI Powered by Majesco Copilot
Press Release
Morristown, NJ – June 11th, 2024 – Majesco, a global leader of cloud insurance platform software for insurance business transformation, is thrilled to announce the success of its recent Product Council event, held recently in Morristown, NJ. This highly anticipated event brought together over 150 customers from 50 organizations, providing an interactive and dynamic platform for Majesco to share its forward-thinking product and company vision. Key highlights included information about Majesco’s Spring ’24 product release and in-depth discussions on its ground-breaking data & analytics and GenAI strategy and real-time value.
Over the two-day customer-only user conference, attendees heard from Majesco executives as they shared insights into the company’s financial stability, strategic vision, market trends, and exciting new product capabilities, including a live demonstration of the industry’s first GenAI assistant - Majesco Copilot. The event included breakout sessions focused on individual solutions with active customer discussions, hands-on demonstrations, and practical insights into leveraging Majesco's suite of products to drive business growth, operational optimization, and innovation.
This year’s Product Council featured two dynamic customer panels where industry leaders across P&C and L&AH shared their innovation journeys using Majesco solutions – including P&C and L&AH Intelligent Core Suites, IDAM, Digital, Enterprise Rating, Loss Control, and CoreConnect. These panels highlighted real-world applications and the transformative impact of Majesco’s solutions on their businesses.
One of the most impactful sessions was a session demoing Majesco Copilot embedded in Majesco Intelligent Core versus using Majesco Core without Copilot as a “duel” to highlight the powerful operational impact of 90-95% reduction in time for different transactions. As an example, creating a task or reminder can take approximately 5 screens and more than 15 clicks for an average of 7 minutes as compared to less than 30 seconds using Majesco Copilot. This session highlighted the significant benefits for Majesco customers, empowering them with cutting-edge GenAI solutions, next-gen architecture foundation, security, and transformative experiences.
Majesco wrapped up the event with two engaging townhall sessions, which provided a unique opportunity for customers to ask on-the-spot questions about Majesco's vision, strategy, broad portfolio of solutions, product roadmap, and more. The open dialogue fostered a deeper understanding of Majesco's strategic direction and their ongoing commitment to customer success with a deep focus on relentless innovation.
Majesco’s Product Council received overwhelmingly positive feedback, with attendees praising the opportunity to understand the breadth of Majesco’s portfolio of solutions, discuss innovative ideas, share visions, and explore the upcoming roadmaps of all Majesco products. This transparent communication underscores its dedication to fostering trust and collaboration with its customer base, ensuring they are well-informed, engaged and excited about the company’s strategic direction.
“We were thrilled to hear from Majesco’s leadership team as they shared valuable insights and exciting new product updates,” Brian Mancino, SVP – Distribution at Forge Insurance. Their collective vision and the launch of Majesco Copilot have us eager to partner with them moving forward. Majesco’s team is a group of highly skilled and well-respected executives who are both relatable and accessible – a true testament to the organization’s exceptional leadership.”
“We were incredibly impressed by the recent product council event hosted by Majesco. Seeing the company's vision and product strategy align so closely with our own vision is not only impressive but exactly what we seek in a partner. The event showcased Majesco's commitment to innovation, and we look forward to continuing our partnership as they lead the way in this dynamic landscape,” said Jose Bridges, President of Risk Services at Davies.
Manish Shah, President and Chief Product Officer of Majesco expressed his satisfaction with the event, stating, "This was a great opportunity to get our clients together to discuss how Majesco is leading the pack with Majesco Copilot. Our team and our vision align with where the industry is heading, and we couldn't be happier."
Majesco remains committed to leading the industry with innovative solutions and looks forward to more opportunities to engage with clients and partners to shape the future together.
About Majesco
Majesco is the partner P&C and L&AH insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what is next, without losing sight of what’s important now. Over 350 insurers, from MGAs, greenfields and startups to some of the world’s largest insurers and reinsurers, rely on Majesco’s intelligent SaaS platforms solutions, with GenAI powered insurance data analytics, of core, data, analytics, distribution, underwriting, loss control, digital, and rich ecosystem of partners to create their next now.
As an industry leader, we don’t believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 1000+ successful implementations and 90% of our customers in the cloud we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute.
For more information, please visit www.majesco.com and follow us on LinkedIn.