May 3: Majesco Ltd, a global provider of core insurance software and consulting services for insurance business transformation, on Thursday announced the release of ‘Majesco L&A and Group Suite’.
According to the company, the new suite, version 10.0, includes Majesco L&A and Group Policy, Majesco L&A and Group Billing and Majesco L&A and Group Claims.
Commenting on the development, Manish Shah, EVP of Products at Majesco, said, “while the insurance industry is undergoing unprecedented change and disruption, cutting-edge and functionally rich core systems are a critical foundation for insurers of all sizes. In the platform economy, core systems need to be digitally enabled, open API design, are able to scale in the cloud and architected for seamless and frequent upgrades. Majesco L&A and Group Core Suite version 10.0 provides a market-leading platform that will help insurers shift to Digital Insurance 2.0 and enable growth and innovation at time of great opportunity,” he added.