Aviva renews partnership with Majesco to bolster underwriting profitability


Aviva UK has renewed its partnership with Majesco, a provider of cloud insurance platform software for insurance business transformation, to improve underwriting profitability.

Aviva UK has positioned itself as the UK’s leading insurance, wealth and retirement business operating in the UK, Ireland, and Canada.

For over 325 years, the company has helped its 18.5 million customers make the most out of life, plan and have the confidence that if things go wrong. Its diversified ‘One Aviva’ model drives its competitive advantage and allows the company to serve customers across the full range of their needs building lifelong relationships. One Aviva provides synergies between business lines so they can easily deploy solutions across multiple segments.

Majesco works with P&C and LA&H insurers to deliver “outstanding” experiences for customers.

Aviva UK currently uses Majesco Loss Control and Majesco GuideStream to drive intelligent insights and enhance loss control data collection.

Integrated loss control solutions provide intelligent data collection from anywhere in the world helping organisations retain customer trust and satisfaction.

With Majesco Loss Control and Majesco GuideStream, organisations can remotely take and identify photos, fill form answers, and make recommendations as if they were right on site. It digitally guides policyholders to easily collect critical information and optimize underwriting decisions.

Jim Miller, chief revenue officer at Majesco, said, “We appreciate Aviva’s confidence in Majesco’s solutions and look forward helping the team redefine the future of loss control and solidify their place as a leader in the industry. Digital loss control solutions and embedded, real-time data and analytics are key enablers to expand risk assessments that can transform underwriting, enhance customer experiences and improve profitability.”

Earlier this year, , Majesco was selected by Boston Mutual Life to modernise its core platform.

Keep up with all the latest FinTech news here.

Copyright © 2023 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.