Majesco and LTI Partner on Insurance Business Transformation

The partnership combines LTI’s deep domain experience with Majesco’ s digital and core solutions, creating a combined set of resources to help insurers realize the business value faster.

(Image source: LTI website.)

Majesco, a global provider of cloud insurance software solutions the insurance industry, has undertaken a partnership with Larsen & Toubro Infotech (LTI) with the aim of helping its clients accelerate their digital transformation journey, unlock new opportunities, and deliver personalized customer experiences.

Ed Ossie, COO, Majesco.

LTI describes itself as a global technology consulting and digital solutions company, helping insurers solve complex business problems such as digital adoption, customer experience, speed-to-market, underwriting profitability, operational efficiency and claims optimization, across the insurance value chain, including intermediaries, carriers, reinsurers, and regulators.

“Today’s customers are digitally adept. With changing behaviors and needs, there’s even more demand for flexibility and convenience in customer experience,” comments Ed Ossie, COO, Majesco. “The partnership between Majesco and LTI will help customers leverage today’s digital technologies and cutting-edge solutions to deliver a new user experience, create new products and services while innovating their business models.”

Majesco pitches the partnership as combining LTI’s deep domain expertise and proven credentials in package implementation across the insurance value chain along with its own cloud-based Digital and Core solutions, creating a combined set of resources to help insurers realize the business value faster through digital transformation.

Strategically Strengthening Partner Ecosystem

David Althoff, Chief Business Officer, Insurance, LTI.

“We are strategically strengthening our ecosystem of partners to provide our customers flexible, cloud-native and modern solutions to build their digital foundation,” says David Althoff, Chief Business Officer, Insurance, LTI. “We are thrilled to partner with Majesco, one of the leaders in the industry, to empower breakaway insurers with the next-generation solutions. We’re confident our technology driven mindset and extensive consulting expertise along with Majesco’s market-leading solutions will accelerate digital transformation of our clients.”

Majesco reports that the partnership will focus on LTI providing systems integration expertise and resources to help Majesco customers in their implementations. Currently, several of Majesco’s property/casualty and life and annuities customers will leveraging this partnership for their transformation programs, according to the vendor.  Majesco says it has worked closely with LTI to ramp up trained resources to support these and future programs.

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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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