Digital transformation company Capgemini has formed an ‘alliance’ partnership agreement with core insurance software developer Majesco.
As part of the deal, Capgemini will deploy its insurance innovation, customer service, and digital capabilities to the Majesco Life & Annuity and Group Core Suite. This enables insurance carriers in life, annuity, group, worksite and voluntary benefits market to accelerate the speed to value.
Capgemini already has some implementations with Majesco L&A in the works, which cover policy, billing, and claims modules. In working together, the companies are hoping to provide business and systems transformation capabilities, along with implementation, integration, conversion, and testing services to both individual and growth insurers.
In addition to this, Capgemini will be bringing its insurance expertise, ecosystem and InsurTech partnerships to a new L&A and group offering which will be established with Majesco. This new service will empower insurers to become open insurers, leveraging API and service architectures to build a digital ecosystem to overcome legacy systems.
Majesco designs a range of digital insurance solutions helping insurance firms digitise their platforms. The solution is used by more than 190 insurance companies around the world and helps with technology easing claims, policy management and billing, among others.
Majesco CEO Adam Elster said, “Our relationship with Capgemini will bring business and technology transformation and systems integration expertise to our customers to achieve speed to value.
“As we accelerate our growth plans, we want to ensure that our customers have access to the best products, expertise, knowledge and leadership critical for their business innovation and transformation plans, regardless of insurer line of business, size or market. This announcement reinforces our commitment to strategic alliance partnerships that deliver exceptional value to our customers.”
