Tokio Marine America Upgrades to Majesco Intelligent Billing for P&C on Majesco Cloud

The solution will empower TMA to have real-time access to data in to allow the company to gain new insights for the business and make quicker and more informed decisions for customers.

(Image source: Majesco website.)

Tokio Marine America (TMA), a long-time Billing and Loss Control customer of Majesco (Morristown, N.J.), will upgrade to Intelligent Majesco Billing for P&C on Majesco Cloud to take control with real-time access to their mission-critical data and business intelligence reporting for enhanced decision-making, according to a Majesco. The company will have access to all the Billing and Loss Control data and leverage Majesco’s business intelligence and generative AI tools as part of the intelligent billing solution, the vendor reports.

Tokio Marine America conducts business in the U.S., writing all major lines of commercial property/casualty insurance and is licensed in all states, D.C. and Puerto Rico. The organization provides insurance and risk management tools from its experienced staff of account executives, underwriters, and loss prevention engineers and fair and timely claim settlement from a skilled team of claim professionals.

“We are excited to strengthen our partnership with the Majesco team and leverage the advanced analytics tools built in the Intelligent Billing solution,” comments David Gottschall, SVP, Chief Quality Officer, Tokio Marine America. “We’ve built a reputation on leading the market and providing customers with next-gen solutions to meet their current and future needs. Access to all our data in real-time will allow us to gain new insights for the business, while empowering us to make quicker and more informed decisions for our customers long-term.”

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

Launched in the Spring ’23 product release, P&C Intelligent Core Suite enables customers to streamline operations, enhance customer experiences, and drive growth and profitability, according to the vendor. The solution leverages advanced technologies such as AI, machine learning, generative AI, and automation, enabling customers like Tokio Marine America to succeed in today’s fast paced digital marketplace, Majesco sys. Powered by day-to-day analytics and AI based advanced analytics, Majesco says the P&C core suite is infused with insights making core insurance operations intelligent.

Better Decisions, Improved Productivity, Enhanced Business Outcomes

“We’re thrilled to broaden our collaboration with the Tokio Marine America (TMA) team with the upgrade and move to the Cloud by bringing intelligent, AI-driven technology embedded in Billing to their organization,” comments Prateek Kumar, EVP, Global Sales at Majesco. “With ready-to-use interactive P&C insurance insights, customers like TMA can access data in real-time to make better decisions, improve productivity and enhance business outcomes.”

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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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