Cloud insurance platform Majesco has opened access to its Distribution Management platform to everyone.
This move comes as part of Majesco’s strategic investment in distribution management and releasing new distribution and data capabilities.
The platform’s distributor performance service enables carriers to configure rules that automate identification of under performers and flag for termination. The approval workflow includes low performance warning notifications sent to producers prior to review of a potential termination decision.
Following review, the termination can be cancelled if performance is met or accepted.
The product also offers communication personalisation, which enables clients to configure communication and notification preferences.
Majesco president and CPO Manish Shah said, “Our latest product release for Majesco Distribution Management, includes major ease of use capabilities for our customers.
“We have now enabled carriers to quickly and automatically identify and notify under performers and route them to termination if necessary. In addition, we added enhanced communication preferences, through configurable notifications, which can be sent directly to producers or their parent organization, and mass onboarding of producers through a file upload, particularly valuable when bringing on large distribution groups.”
Last week, Majesco extended its partnership with Ireland-based life insurance firm Irish Life. The insurer hopes the upgrade and move to the cloud will modernise and optimise its claims operation, bolster its income protection offering and enable it to create new products.
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