Core Software
Intelligent Policy for P&C – Policy Management Software for Property & Casualty Insurance
A Future-Ready Policy Platform Powered by AI
Policy for P&C is a next-generation, AI-enabled insurance policy management platform designed to support personal, commercial, specialty, workers’ compensation, and emerging products. Leveraging GenAI, intelligent automation, predictive analytics, and configurable workflows, it empowers insurers to rapidly design and launch tailored products that meet evolving customer preferences and emerging risk demands. The platform’s flexibility and scalability enable transformative business outcomes, accelerate speed to value, and support growth strategies with precision and agility, driving innovation and competitive advantage in a dynamic insurance landscape.
Unleash Speed-to-Market
Move from idea to issued policy faster. Policy for P&C combines pre-configured products and templates with embedded analytics and GenAI, and AI agents that assist with quote builds, coverage selection, and forms, reducing rework and approvals. The outcome, quicker filings and launches, fewer handoffs between business and IT, and consistent pricing and eligibility across channels.
Out-of-the-Box Best Practices
Start on a proven path. Built-in product models, workflows, and rating patterns reflect industry best practices, while in-workflow analytics flag gaps and agents propose next steps (e.g., appetite checks, data prefill, endorsement suggestions). The outcome, higher straight-through rates, shorter review cycles, and a more reliable customer and agent experience.
Accelerate Innovation
Modernize without adding complexity. Stay ahead of the market with AI-powered portals, intelligent document management, open APIs, and continuous upgrades. The outcome, faster product updates, measurable productivity gains for product, underwriting, and operations teams.
Powerful and Proven P&C Solutions
True Speed to Value
Accelerate go-to-market with AI-powered configuration tools that empower both business and IT users to rapidly design, deploy, and optimize products for measurable impact.
- Rich, pre-loaded insurance templates and ready-to-use content that is easily configured.
- Monthly rates, rules and forms content updates that keep you at the leading edge.
- Create or change rates for new and existing products with a powerful built-in rating engine.
Robust Ecosystem Built for Success
Integrate with our powerful partner ecosystem to access innovative capabilities and technologies like AI, ML, chatbots, IoT, Virtual Reality, and much more.
- Experience Majesco Copilot, delivering game-changing capabilities for enhanced performance and streamlined implementation.
- Expand and accelerate organizational innovation with unique technologies, data, and capabilities.
- Optimize innovation with new products like usage based, gig or sharing economy, on-demand, and more.
Predictive Intelligence for Prevention
Enhance risk management and underwriting precision with AI-powered analytics and decision support tools that deliver deeper insights and smarter assessments.
- Accelerate quality underwriting decisions through powerful, embedded analytics, artificial intelligence, and machine learning.
- Optimize workflows for skill-based underwriting and straight-through processing.
- Achieve underwriting excellence with streamlined exceptions.
“We chose Majesco to support our commercial package policy offerings because of its ready-to-use content and ability to bring new products to market expeditiously.”
Erin M. Cummings, CIO, The Norfolk and Dedham Group
Featured ResourCes
Thought Leadership
Bridging the Customer Expectation Gap: Group & Voluntary Benefits
While the “traditional” Group & Voluntary Benefits customers – Gen X and Boomer SMBs – have been loyal to their insurers for years, they are now becoming more digitally savvy and demanding greater value from their insurance providers. At the same time, there is increasing dominance of SMB customers in the Gen Z and Millennial…
Thought Leadership
Game-Changing Strategic Priorities Redefining the Insurance Market
As 2023 continues to click by, we are facing a set of risks that appear new but are familiar to those who experienced them in the 1980s. Inflation, cost-of-living crises, trade wars, supply chain challenges, rising medical expenses, increase costs in materials, fight for talent, widespread social unrest, and increasing crime are the issues impacting…
FAQ
Majesco Policy for P&C is a part of the Majesco P&C Suite that includes policy, billing, and claims. It can be deployed stand-alone or as part of the suite through options including on-premise, hosted or Cloud via Majesco CloudInsurer®.
To compete, insurers must prioritize innovative new products underpinned by real-time data and technology. Our policy management platform supports these initiatives by enabling faster product launches. Six key focus areas include: Price the Real Risk, Flatten the Loss Curve, Sell Digitally, Operate Touchlessly, and Modernize Data Estate. Read “Embracing Innovation and Growth Opportunities in P&C Insurance” in the Featured Resources section to learn more.
Majesco’s Strategic Priorities Research and our CloudInsurer® environments have proven that APIs are crucial to digital enablement. They avoid the necessity of rewriting the same code throughout multiple system connectivity pathways, saving the insurer time. APIs break down organizational silos while fostering a consistent user experience. Today’s API platforms are the ultimate IT do-over working in the future state of the enterprise and fast-tracking a modern core insurance system strategy.
