eGuide
Empowering MGAs for Growth and Operational Excellence
Empowering MGAs for Growth and Operational Excellence
MGAs are redefining the insurance landscape, driving innovation, agility, and specialization to meet the diverse risk needs of today’s market. As competition intensifies and customer expectations evolve, MGAs must leverage advanced technology to remain competitive, scale their businesses, and enhance operational effectiveness. Majesco’s solution portfolio empowers MGAs to navigate these challenges, delivering the solutions and insights needed to optimize operations, strengthen underwriting, and accelerate profitable growth.
Majesco MGA Solutions
Benefits
- Improved Operational Effectiveness
- Enhanced Customer Experience
- Innovative Embedded Analytics and Generative AI
- Cloud-Native Architecture
- Rapid Speed-To-Market
Features
- Multi-currency, multi-language, and London and Lloyds market capabilities to drive expansion and scalability. Launch products swiftly, adapt to market changes in real-time, and scale efficiently with ready-to-use solutions that streamline operations and drive growth
- Streamlined business processes, embedded analytics for decision-making, and faster turnaround times deliver optimized operations
- Self-service digital portals for agents and customers for seamless engagement
- Embedded intelligence with Majesco Copilot, the first and only GenAI assistant, to empower and scale your team
Empower your business to thrive in the dynamic insurance landscape and help build your next now
Majesco’s next-gen, native-cloud solutions are embedded with advanced data and analytics, including business intelligence, AI/ML models, and GenAI to enable intelligent decision-making, streamline operations, and enhance customer experiences. These powerful solutions offer a unified platform across the insurance operations, enabling MGAs to manage their business with greater efficiency and effectiveness.
“The MGA market provides a diverse mixture of P&C products to meet a wide array of niche
risks and markets. They are regularly at the forefront of product innovation, leveraging their
underwriting expertise, channel relationships and entrepreneurial spirit to deliver above-market growth, financial results, and innovation.”
Denise Garth
Chief Strategy Officer at Majesco
Majesco CoreConnect
Policy, Billing & Claims now have access to all data in real-time and are embedded with data and analytics capabilities including BI, AI/ML models, and GenAI that enhance decision-making and improve operating efficiencies. The use of GenAI further refines these processes, offering predictive analytics that anticipate trends and optimize resource allocation.
Benefits
- The foundation of success for MGAs, Majesco CoreConnect empowers growth and innovation in a world of changing risk. Tailored to the unique needs of the MGA market with comprehensive capabilities across quote, policy, rating, billing, and claims. Speed to market for new products.
- Out-of-the-box features to deliver operational optimization and scalability for growing businesses
- Real-time access to data and embedded analytics for enhanced decision-making
Majesco Enterprise Rating
Through automating and streamlining rating processes and offering advanced pricing options, while ensuring reliability and scalability, Majesco Enterprise Rating is a market-leading rating engine that empowers MGAs to adapt to the speed of risk.
Benefits
- Expedite product development and rate changes through ready-to-use rating microservices that accelerate speed-to-market
- Leverage its no-code tooling to drive self- service for rate changes and maintenance
- Model rating processes that operationalize Excel sheets and convert them into API-driven enterprise services
Majesco Loss Control
Enhance risk assessment to improve underwriting decisions and improve risk resilience with Majesco Loss Control. Our solution integrates field data, advanced analytics, and actionable insights to help mitigate risk, maximize profitability, and improve customer experience.
Benefits
- Self-service and digital capabilities to reach a broader portfolio cost-effectively
- AI-driven insights for proactive risk management
- Configurable workflows to align with MGA-specific needs
Driving Growth and Operational Efficiency
MGAs are increasingly critical to deliver new products that meet changing risk needs in the marketplace. But success requires more than underwriting expertise—it demands innovation and operational excellence. Majesco understands the unique challenges MGAs face, from navigating complex risks to delivering innovative products and tailored customer experiences. With our comprehensive suite of solutions, MGAs can:
- Launch innovative products quickly and efficiently
- Optimize operations with advanced and easy-to-use capabilities
- Empower decision-making with embedded, advanced data and analytics
- Deliver superior customer and broker experiences
Launch innovative
products quickly
and efficiently
Majesco is committed to helping MGAs build the future of insurance with advanced technology and strategic expertise. Whether you’re looking to grow your business, streamline operations, or innovate with confidence, Majesco is your partner for success.
Let’s build your MGA advantage together.
Contact Us to Take the Next Step
Visit our website at www.majesco.com or email us at info@majesco.com