Majesco Digital1st® Platform and Digital 360 Solutions Distinguished as a Leader by Everest Group in Low-code Technology Providers in Insurance – Products PEAK Matrix® Assessment 2023
Press Release
Morristown, NJ – February 20th, 2024 – Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced its recognition as a Leader in the Everest Group’s Low-code Technology Providers in Insurance – Products PEAK Matrix® Assessment 2023. This accolade underscores Majesco’s commitment to delivering cutting-edge, low-code technology solutions that empower insurers to accelerate digital transformation, enhance operational efficiency, empower innovation and new business models, and deliver superior user experiences.
The Everest Group’s PEAK Matrix® Assessment is renowned for its rigorous evaluation of service and technology providers, based on criteria such as market impact, vision, and capability. Being positioned as a Leader in this assessment highlights Majesco’s significant market influence and comprehensive product offerings including Digital1st® Platform and the Digital 360 portals built on the platform that deliver high customer value.
“We are proud that Majesco and our Digital1st® Platform and Digital 360 Solutions are recognized as a leader in Everest Group’s PEAK Matrix® low-code technology solutions,” said Manish Shah, Chief Product Officer and President of Majesco. “This recognition is a testament to our team’s dedication to innovation and excellence. The Digital1st® Platform is designed to empower insurers to not only meet the rapidly changing demands of the industry but to stay ahead of them including next-gen portals, providing a digital bridge across legacy solutions and empowering new business models like embedded insurance. We are committed to continuing our investment in technology that drives real transformation and value for our clients.”
“Majesco’s low-code platform’s offerings for the insurance industry has a variety of pre-built solutions to customize policyholder and agent/broker experiences for P&C and L&AH lines of business,” said Vigitesh Tewary, Practice Director, Everest Group. “Its focus on facilitating swift integrations with third-party technology providers in areas such as risk modelling and data pre-fill as part of its ecosystem, utilizing user feedback as inputs for its product development roadmap, and offering a modular solution tailored to fit insurance enterprise needs have contributed to Majesco's recognition as a Leader in Everest Group's Low-code Technology Providers in Insurance – Products PEAK Matrix® Assessment 2023."
This recognition from Everest Group is a significant milestone for Majesco and the Digital1st® Platform reflecting its strong position in the market as an innovator and leader in the insurance technology sector. Majesco remains dedicated to empowering insurers with the tools and technologies needed to navigate the complexities of today’s digital landscape successfully.
Majesco's products have received recognition from industry experts such as Celent, Gartner, Datos Insights, Forrester, Quadrant Solutions, Everest Group, and ISG. In addition, Majesco was ranked #1 in both P&C and L&AH in Quadrants’ Spark Matrix, recently earned a top 100 spot in IDC’s 2023 FinTech Rankings, named to FinTech Globals’ Top 100 InsurTech companies for 2023 and ranked 23rd in the 2023 Software Top 100 Companies.
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 greenfields and startups to some of the world’s largest insurers, rely on Majesco’s SaaS platforms solutions of core, data, analytics, 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 900+ successful implementations 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.