(Image credit: Yves Bernardi.)
Swiss Re Corporate Solutions (Zurich), has implemented Majesco’s (Morristown, N.J.) Majesco Digital1st Insurance and Majesco Policy for P&C on Majesco CloudInsurer. The vendor reports that the implementation, undertaken to support initiatives in the insurer’s Mexico Retail Market business, was completed within 11 weeks
“Swiss Re Corporate Solutions had an accelerated and unique evaluation process to identify a solution that would meet our array of business opportunities,” comments Giovanni Genovesi, Head Swiss Re Corporate Solutions IT Latin America. “Majesco supported us to implement the platform foundation. The unique and innovative combination of the Majesco Digital1st Insurance Platform and Majesco Policy for P&C provides a foundation for us to innovate new products and greenfields globally, helping us deliver value to our customers.”
The initiative will enable the insurer to deliver new products and expand to new channels, helping to reach untapped markets, such as Agro Retail, according to a Majesco statement. The vendor reports that the initiative followed a live hackathon in Switzerland that demonstrated Digital1st® capabilities in real-time.
Speed in Innovation
“This implementation demonstrates how we are helping reinsurers and insurers achieve speed in innovation, creating new products and business models that will capture new market opportunities—at speed and at scale,” comments Manish Shah, President and Chief Product Officer, Majesco. “We are excited about our partnership for launching the innovative products and business models.”