Property & Casualty
Risk & Compliance Solutions
Risk & Compliance Solutions
Majesco offers a powerful set of risk and compliance solutions that are deeply integrated to Majesco P&C solutions and help eliminate cost, enhance operational effectiveness and empower innovation.
Risk Management Solutions
Today’s market environment demands a greater focus on underwriting profitability and proactive risk mitigation to minimize or eliminate claims. As enhanced customer experiences are necessary for P&C insurers to remain competitive, a loss control solution is needed for not just for complex, high-risk scenarios, but across a broader swath of submissions leveraging self-service loss control, automation, and integration to core.
“Self-Survey will enable our ability to get virtual survey data on risks that we can’t access in person. Making smarter and more efficient underwriting is easy with Loss Control 360.”
Larry Conner, Director of Loss Control, Celina Insurance Group
Featured Resoures
Press
Utilant’s Loss Control 360 Facilitates Pre-underwriting of Commercial and Residential Policies with Virtual Underwriting
BUFFALO, NY, May 5, 2021 Utilant, an InsurTech leader providing the industry’s best-in-class Survey Management SaaS Product Suite for Loss Control and Premium Audit surveys, is now facilitating pre-underwriting of commercial and residential policies with new artificial intelligence (AI)-driven Virtual Underwriting capabilities added to the Loss Control 360 (LC360) platform. Loss Control 360’s AI-powered insights are estimated to…
Blog
The Value of Battle-Hardened Loss Control Systems
Build vs Buy: Why it Makes Sense to Buy a Survey Management System The Majesco Loss Control 360 team understands that there are many factors that go into a customer’s build vs. buy decision. The first thing you should recognize is there is no such thing as an effective off-the-shelf loss control system. The reason why…
FAQ
Today, we are now seeing increasing environmental, societal, and technology risks that have the potential to intersect and significantly disrupt people and businesses negatively. For example, increased extreme weather events and natural disasters to rising construction costs and strained supply chains are putting many insureds at risk of not having enough insurance coverage.
Leading insurers are looking to improve risk management strategies using digital technology, to drive better business outcomes, expand market opportunities, and meet customer expectations. They are increasingly focusing their time and resources on how they can better assess risk and prevent losses to improve underwriting profitability and customer experiences.
Risk management, underwriting, and loss control all involve gathering and using data needed for AI/ML models to accurately assess and identify risk and manage and reduce risks by providing differentiated customer service. Advanced AI/ML enables insurers to analyze data in real-time to drive intelligent decision-making.
