(Image credit: Fredrick Filix/Unsplash.)
Munich Re Specialty Group North America (MRSGNA; Schaumburg, Ill.) has deployed Majesco’s (Morristown, N.J.) P&C Intelligent Core Suite on Majesco Cloud platform to enable a new operating model supporting multiple specialty lines of business including Inland Marine, Cyber, Terrorism, and Ocean Marine.
Munich Re Specialty Group North America is part of global provider of reinsurance, primary insurance, and insurance-related risk solutions Munich Re (Munich). MRSGNA is the holding company representing insurance offerings via two distinctive operating entities, Munich Re Specialty Group Insurance Services, Inc. and Roanoke Insurance Group Inc.
The new operating model and technology foundation using Majesco solutions, was defined with an emphasis on adopting best practice out of the box capabilities that empower future-forward thinking to expedite agility, innovation, and scalability of the business as risk and the market continue to change, according to a statement from Majesco. The vendor says the integrated data and analytics capabilities will help to achieve operational effectiveness, growth, and profitability.
“We are thrilled to offer our customers next-gen experiences and products on our new insurance platform across the entire operation from underwriting, policy, billing, claims in multiple lines of business,” comments Chris Skowronski, COO, MRSGNA. “The MRSGNA and Majesco teams share a forward-thinking mindset with an emphasis on adopting best practices and scalable solutions that allowed us to extend capabilities and introduce new products quickly.”
Majesco describes its P&C Intelligent Core Suite as empowering customers to streamline operations, enhance customer experiences, and drive growth and profitability. “Its use of advanced technologies such as AI, ML, NLP, APIs, and automation empowers customers to succeed in today’s fast paced digital marketplace,” the Majesco statement says.
“We are excited to be partnering with MRSGNA to enable their new operating model with Majesco solutions, and are confident this new, intelligent platform will provide their customers with a seamless experience while driving operational excellence,” comments Adam Elster, CEO of Majesco. “We are proud to partner with an organization that is forward-thinking and committed to investing in next-gen solutions and innovation to bring new business models, capabilities and products to its clients and look forward to future initiatives that will meet the needs of a rapidly changing market.”