Insights to Impact with Majesco’s Spring ’25 Release

A high-speed train achieves efficiency and optimization through several key factors. Advanced technology, such as aerodynamic designs and powerful engines, reduces air resistance and increases speed, allowing the train to travel faster while consuming less energy. Streamlined operations, including precise scheduling, efficient boarding processes, and minimal stops, further reduce travel time and improves speed to destination. These elements work together to create a highly efficient rail transportation system.

High-speed trains use innovative regenerative braking to enhance energy efficiency, regular maintenance, dedicated tracks and advanced signaling to ensure effective travel with minimal disruptions.  Similarly, insurance advanced solutions with regular updates ensure effective business operations and prevent disruptions, but most importantly keep insurers at the leading edge of risk shifts, customer demands, new product launches and more in a changing insurance landscape.

Accelerating Intelligent Efficiency and Business Optimization in Insurance

Enhancing efficiency through advanced capabilities and GenAI innovations equip your business to move faster and operate smarter. These technologies streamline operations, reduce manual tasks, empower employees to meet customer demands, and drive lower costs to make you more competitive. By leveraging these innovations, you can quickly adapt to evolving market and risk conditions, manage risks more effectively, and meet rising customer expectations with greater agility.

Innovation is at the heart of this new era of insurance evolution, empowering insurers to stay competitive, profitable, and relevant.  With solutions designed to optimize operations and deliver meaningful business outcomes, your insurance teams will be better equipped to handle cost pressures, profitability expectations, competitive demands, and operational complexities. This strategic approach ensures that you can respond swiftly to market, risk and customer demands, maintain a high level of service quality, and achieve ambitious growth targets, all while enhancing overall efficiency and performance.

Majesco’s Spring ’25 Release

The Spring ’25 Release emphasizes efficiency by incorporating advanced capabilities, GenAI innovations, and performance improvements throughout the Majesco Platform of solutions, empowering both business and IT users. It represents a significant advancement for Majesco Copilot, transitioning from providing simple insights to delivering true operational impact. This update streamlines complex workflows, minimizes manual effort, and optimizes cost structures.

Introducing intelligent automation through Majesco Copilot and the Majesco DocScribe document ingestion engine, the Spring ’25 Release features automated quoting, agency cash allocation, claims vendor invoice processing, and loss control survey assessments. These innovations enhance decision-making, operational efficiency, quality, consistency, and cost reduction. The new Fast Upgrade capabilities simplify the upgrade process, reducing time and complexity, and allowing your teams to stay current with minimal disruption. Combined with new out-of-the-box product offerings, this release helps your teams quickly adapt to market, risk, and customer demands with speed and agility.

Highlights of the release include:

• Majesco Copilot – AI-driven Capabilities Delivering Real Business Impact: Majesco Copilot expands beyond basic tasks like summarization and transactional support, now covering comprehensive workflows and product configuration assistance.
• Majesco DocScribe: Purpose-built AI models trained to interpret large, complex insurance documents.
• Automatically convert insurance applications directly into accurate insurance quotes.
• Efficiently apply cash payments across multiple policies using agency-provided spreadsheets.
• Streamline claims processing by converting diverse vendor invoices directly into claim payments.
• Rapidly perform comprehensive survey assessments by ingesting and analyzing extensive survey documentation.
• Accelerate product configuration by transforming spreadsheets into configurable product elements through natural language.
• Introducing Copilot support for ClaimVantage Absence & Claims and P&C Enterprise Rating solutions.
• Fast Upgrade: Automated and streamlined upgrade processes significantly reduce timelines, accelerate feature adoption, increase customer satisfaction, and minimize upgrade fatigue—maximizing platform ROI.
• Enhanced Intelligent Core Reporting: Expanded dashboards and reporting tools leveraging the Intelligent Core Data Lakehouse, including intuitive self-service reporting capabilities and additional pre-built reports for immediate and actionable business insights.
• New Insurance Product Templates: Deploy ready-to-use AD&D and Umbrella insurance products, achieving 80-90% alignment with standard requirements, substantially reducing implementation costs and timelines, and accelerating revenue recognition.
• Performance Optimization: Continuous enhancements in performance and scalability ensure superior user experiences at scale, supporting insurers’ growing operational demands.

What strategic initiatives could your teams prioritize with the reduction of manual tasks? What role does innovation play in maintaining consistent, high quality customer service in your organization?

Majesco’s Spring ’25 Release marks a strategic advancement aimed at enhancing efficiency and delivering tangible business impact. It provides you with the necessary tools to navigate growing risks, operational complexities, talent shortages, cost pressures, market uncertainty, rising customer expectations, and ambitious growth targets. This release empowers you to transform confidently, optimize operations, and achieve meaningful business outcomes.

Step into the future with Majesco. Discover the next generation of insurance solutions, driven by innovation and operational efficiency, and harness the power of GenAI with Copilot. Learn more about Majesco’s Spring ’25 Product Release here.