Foresight Risk and Insurance Services Accelerates Transformation with Majesco Core Solutions

The insurer of high-hazard workers’ compensation clients has selected Majesco Policy and Billing for P&C, Majesco Digital1st Insurance, and Majesco CloudInsurer.

(Image source: Foresight Risk and Insurance Services homepage.)

Foresight Risk and Insurance Services (Sunnyvale, Calif.), an insurer of high-hazard clients with a technology-based workers’ compensation program has selected Majesco’s (Morristown, N.J.) Majesco Policy and Billing for P&C, Majesco Digital1st Insurance, and Majesco CloudInsurer, as a next-generation platform to accelerate its digital transformation and growth, according to a Majesco statement. Foresight insures high-hazard clients, using a technology-based worker’s compensation program.

“Majesco’s solutions provides us with cloud-based, real-time insurance capabilities that will help us optimize and innovate our business while providing a new level of customer experience and engagement demanded in today’s rapidly changing market,” comments David Fontain, CEO, Foresight Risk and Insurance Services. “With this innovative digital experience platform and cloud-based-capabilities, we will be able to quickly launch solutions integrated with our carrier partners as well as Majesco’s ecosystem of partners to help our customers and agents manage their policy, billing and distribution needs.”

Prateek Kumar, EVP, P&C Business, Majesco.

The vendor describes Majesco Policy and Billing for P&C as including ready-to-use content and capabilities for all lines of business that accelerate speed to market and provide a foundation of on demand insurance in the cloud. Majesco characterizes Digital1st Insurance as a cloud-native, microservices and open API solution that provides a powerful digital experience, no code/ low code and outside-in platform with a robust ecosystem of partner apps that can be leveraged through a wide variety of use cases ranging from high-fidelity portals over core systems to well-rounded omni-channel and omni-device customer and agent experiences enriched through heterogenous capabilities available through APIs and is pre-integrated with Majesco Policy and Billing for P&C.  Majesco CloudInsurer provides the latest cloud infrastructure technology that allows carriers to transform complexity into simple experiences that make innovation faster and easier, according to the vendor.

“We’re excited to welcome Foresight to the growing list of Majesco customers ready to take the next step into building the future of insurance,” comments Prateek Kumar, EVP, Majesco. “Our digital platform and cloud capabilities are designed to innovate, create unique customer experiences, and leverage expanding ecosystems that can help deliver value in record time.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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