RVOS Farm Mutual Transforms Core Operations with Majesco’s CloudInsurer Platform

The 120-year-old Texas-based insurer has selected Majesco P&C Core Suite Version 11 and will implement Majesco Enterprise Data Warehouse (EDW) on Majesco CloudInsurer as part of its business transformation.

(Image credit: Yinan Chen.)

RVOS Farm Mutual Insurance Company (Temple, Texas), a long-time multi-line customer of Majesco’s (Morristown, N.J.) has selected Majesco P&C Core Suite Version 11 and will implement Majesco Enterprise Data Warehouse (EDW) on Majesco CloudInsurer as part of its business transformation. The new platform will support the carrier’s personal, farm and commercial lines of business including farm and ranch property, farm liability, comprehensive personal liability, homeowners, dwelling policy, commercial property fire, and commercial general liability.  This includes ISO and non-ISO based products.

During its 120 years in operation, RVOS has grown from a single company offering a basic fire insurance policy to a group of companies offering what it characterizes as innovative and competitively priced insurance products to meet the needs of property owners across the state.

“To successfully address ever-changing market conditions and evolving customer demands, we needed a next-generation platform that was flexible, agile and would rapidly support product, customer and new market demands,” says Jamie Smith, Corporate Secretary of Information Technology, RVOS. “The combination of Majesco P&C Core Suite and Enterprise Data Warehouse on CloudInsurer will provide a next-generation platform with robust business and data capabilities that are crucial as a digital insurer.  As a long-time Majesco customer, we’re confident that the Majesco platform is the right solution to expedite our digital transformation and meet the demands of a new generation of insurance customers.”

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

The upgrade and implementation will employ extensive ready-to-use content and capabilities of Majesco P&C Core Suite and rollout to CloudInsurer that will facilitate a successful transformation and provide a foundation to rapidly scale as their business grows, according to a Majesco statement. The vendor describes Majesco EDW as providing a robust data framework that is pre-integrated with P&C Core Suite helping to unlock insights to optimize the business.

Positioning to Capture Growth Opportunities

“We’re honored that RVOS will continue and expand our long-standing partnership as they transform their business to a new era of digital insurance,” comments Prateek Kumar, EVP, Sales at Majesco. “In an increasingly competitive and rapidly changing insurance marketplace, the powerful combination of our P&C Core Suite, EDW and CloudInsurer solutions provide a powerful platform to modernize and optimize RVOS’ business while positioning them to capture growth opportunities with new products that their customers, agents and brokers demand in a new digital era of insurance, helping them surpass their competition.”

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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 AnthODonnell@IIReporter.com or (503) 936-2803.

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