Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced that it was recognized by specialist research firm, FinTech Global, as a top 100 InsurTech company transforming the insurance industry. This is the fifth edition of the prestigious award, and second year in a row that Majesco has been recognized as an innovator and pioneer providing solutions that address the most pressing challenges and opportunities faced by the insurance industry.
As the insurance industry continues to evolve and adapt to new customer expectations, risks technologies and digital capabilities, InsurTech companies have been leading the charge to accelerate change. The InsurTech sector is predicted to grow at a CAGR of 46%, and reach a market size of $114bn by 2030, making the process to identify the 100 InsurTech innovation leaders this year more competitive than ever.
“Faced with seismic shifts in consumer behaviour, the so-called “race to digitalise” and challenging market conditions, insurers have their work cut out for them,” says Richard Sachar, FinTech Global Director. “The InsurTech100 lists helps senior insurance executives in the industry filter through the noise in the market by highlighting the tech companies transforming sectors such as underwriting, embedded insurance, pricing, distribution and data & analytics.”
Majesco was chosen by a panel of analysts and industry experts who voted from a list of over 1,800 companies. Finalists were recognized for their innovative use of technology that solves a significant industry problem or generates efficiency improvements across the insurance value chain.
“We’re thrilled to be recognized as a InsurTech100 company for the second year in a row. This award is a direct reflection of the hard work and dedication by the entire Majesco team,” says Adam Elster, CEO at Majesco. “We not only keep a pulse on market trends, changes and industry dynamics, but we work closely with our customers and partners throughout the year to ensure we’re investing in solutions that they need most and enable them to address what’s next. Our latest Fall ’22 product release is the perfect example of our commitment to continuous innovation and highlights the digital capabilities and solutions that will transform the industry.”
Majesco leads with innovation and continuously invests in new and existing solutions that provide a foundation for operational effectiveness and innovation for its customers to keep at the leading edge. Its vast depth and breadth of product range allows them to deliver solutions that can meet customers where they are today and where they want to be in the future.
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 do not 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221026005083/en/
Contacts
Laura Tillotson
Vice President, Marketing Communications and Creative Services
+ 201 230 0752
Laura.Tillotson@majesco.com
