Majesco
The Shift to Digital Insurance 2.0 for Growth and Innovation
The race to the future of Insurance is well underway … Digital Insurance 2.0. It is a race where innovative incumbents and new entrants are constantly challenging traditional industry orthodoxies, making them increasingly irrelevant. The industry is confronted with permanent changes in customer behaviour, different employee expectations, rapidly evolving digital technology and the introduction of new products, services and competitors. The business models of the past 20-30 years, represented by Insurance 1.0, were resilient for their time. But they do not meet the needs or expectations of a new generation of customers who demand and expect Digital Insurance 2.0.
Majesco has over two decades of experience in providing technology solutions, products and services for the insurance industry across lines of business – Property & Casualty (General Insurance), Life, Health, and Group & Worksite Benefits insurance. Our focus is on delivering business value and enhanced business capabilities to our clients through a combination of our world-class enterprise grade products in modern technologies, implementation services and specialized application services.
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Infographic: Strategic priorities for the renaissance of insurance
Insurers recognise the industry is changing and want to adapt to enable growth and remain competitive. This infographic highlights three common characteristics shared by many insurers and three parallel lanes they need to pursue in order to prosper both today and in the future.
InsurTech: Energising the shift to Digital Insurance 2.0
Insurance leaders need to have a comprehensive vision for how the industry is being reshaped by emerging technology and trends. This report provides insights into why your company’s future depends on innovating your business model, processes, products and services, and how you can accomplish this.
Strategic priorities 2019: Accelerating the paths to the future of insurance
Four years ago, Majesco’s research revealed a gap between insurers knowing and recognising changes in the industry, but not planning and responding rapidly enough. To find out where we are now, Majesco’s latest Strategic priorities survey results provide a strategic lens into the industry.
Future trends 2018: Catalysing the shift to Digital Insurance 2.0
The next wave of growth and value creation for insurers will be from their ability to rapidly move to Digital Insurance 2.0. This whitepaper sheds light on the latest trends and why survival and winning will require rapid adaptability and innovation.
A new business model for a new era of insurance: Digital Insurance 2.0 in the platform and API economy
Foundational and fundamental elements of the insurance business are changing and will require major adjustments in order to survive and thrive. This whitepaper studies the factors driving the new era of insurance and the impact of a shift in fundamental insurance business models.
Strategic priorities 2018: The Digital Insurance 2.0 Gap
The current state of insurance disruptors across people, technology and market boundaries is pressuring insurers to adapt and embrace new business models and opportunities. This whitepaper sheds light on the Digital Insurance 2.0 business model and why insurers must become digital insurgents.