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Burns & Wilcox (Farmington Hills, Mich.), one of North America’s most prominent wholesale broker and underwriting managers, has selected Majesco (Morristown, N.J.) Digital1st Insurance platform as the foundation of its digital growth strategy. Burns & Wilcox, the flagship organization of H.W. Kaufman Group, captures more than $1.5 billion in premium annually and is recognized for its expertise in commercial and professional liability, property, environmental, marine and personal insurance. For 50 years, the privately held wholesaler has served retail brokers and agents of all sizes, offering wide ranging specialty insurance solutions and consulting.
“When evaluating new technology solutions to further support our overall growth strategy and meet the needs of our clients, we determined the need for a platform that provided cloud-based, real-time, insurance specific capabilities,” comments Daniel J. Kaufman, COO, Burns & Wilcox and EVP, H.W. Kaufman Group. “By partnering with Majesco Digital1st Insurance, Burns & Wilcox can provide quick access to innovative specialty insurance products on a digital platform that meets the changing risk needs of consumers.”
Burns & Wilcox’s initial implementation phase of the Majesco platform will include the development of three insurance offerings with plans to extend the platform across the enterprise with additional product offerings, according to the vendor.
Cloud-Native, Microservices and API-based Platform-as-a-Service
Majesco describes Digital1st Insurance as a cloud-native, microservices and API-based platform-as-a-service supporting the introduction of business and consumer technology trends to insurance. Majesco Digital1st Insurance differs from the vendor’s core platform solutions for P&C and L&A and Group, though the vendor says that it can be integrated with Majesco’s core systems, and with other core software to accelerate their value.
“We are honored and thrilled on the selection of Majesco Digital1st Insurance by Burns & Wilcox as their platform for their future,” comments Manish Shah, President and Chief Product Officer, Majesco. “Majesco Digital1st Insurance is our answer to the paradigm shift happening in the insurance industry. We’ve built a platform designed to innovate and scale the business, create unique client experiences, capture new and underserved market opportunities, leverage expanding ecosystems and deliver value in record time. We are thrilled to partner with Burns & Wilcox to demonstrate the possibilities and value of this next generation platform and in doing so, shape the future of their business and the industry.”