(Image source: Majesco promotional video.)
Majesco (Morristown, N.J.), a global provider of cloud insurance platform software, has announced the expansion of new partner apps and unveils new partner self-serve capabilities to Majesco Digital1st EcoExchange, a curated live service hub of Majesco Digital1st Insurance platform. The enhancements will help insurers further evolve and accelerate their digital transformation as well as rapidly expand Majesco partners and their services available on Digital1st EcoExchange as plug-and-play app, according to a vendor statement.
“As platform-based ecosystems for P&C insurers continue to develop, Celent sees some important trends,” comments Donald Light, Director in Celent’s North American P&C practice. “These trends include insurers having a growing set of solutions to choose from; easier integration of those solutions with insurers’ core systems; and simplified processes for vendors placing their solutions on the platform. This announcement provides proof-points for all three trends.”
Majesco characterizes the update as exemplifying its continued investment in an ecosystem and platform strategy designed to enable insurers to create personalized and compelling digital experiences for its customers and agents by leveraging innovative capabilities and data sources offered by a growing diverse community of partners. Some key enhancements include the following, as described by the vendor:
- Over 40 partner apps offering a variety of capabilities and data sources supporting underwriting, service, claims, customer engagement, data analytics and more.
- New partner self-service capabilities with “no code” configuration for developing and featuring their Apps on Digital1st EcoExchange. Majesco partners will be able to build and publish EcoExchange Apps without any coding. This is a unique approach to reduce the cost of development and maintenance for partners.
- The Majesco P&C Core Suite now has out of the box integration with partner apps available on the Digital1st® EcoExchange to accelerate core systems speed to implementation.
New partner self-service capabilities that allowing rapid creation of new partner apps on the Digital1st EcoExchange will accelerate innovation by delivering advanced and leading-edge capabilities as well as new data sources for insurers to use in support of their digital transformation, Majesco says.
“This next-generation, cloud-native partner ecosystem is the preferred way to integrate third-party services and offers a true “find and bind” environment,” comments Manish Shah, President and Chief Product Officer, Majesco. “With growing interest by potential partners to develop apps for the Digital1st EcoExchange, these enhancements will accelerate the growth of innovative apps that will help insurers digitally transform their businesses. We have over 10 new customers subscribed to multiple EcoExchange apps who are benefitting from these apps to better serve their customers and agents.”