INSURANCE TECHNOLOGY

Majesco Introduces Cloud-Native Core Containerization Support to P&C Core Suite, L&A Core Suite, and Group Core Suite

Majesco | June 09, 2021

Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced cloud-native core containerization for Majesco P&C Core Suite and Majesco L&A and Group Core Suite to provide portability, agility, speed-to-market, and ease of environment consistency management for companies accelerating their business transformation on the cloud.

Majesco P&C Core Suite and Majesco L&A and Group Core Suite are built as Docker images, orchestrated using Kubernetes, and deployed as Helm charts enabling customers to run on any cloud infrastructure. Majesco will continue to assess the right balance of further decomposition into granular microservices based on customer and market-driven demands with the first decomposition completed. With parallel run validations, this transition is seamless – with no business interruptions – and requires no additional testing or change efforts for carriers.

With cloud-native core Containerization support, Majesco's cloud operations will be more reliable, responsive, and secure. Additional benefits include:

• Consistency  –  Enable consistency of deployments across all environments through the same app deployment structure and infrastructure configurations.

• Dynamic Scalability – Dynamic adjustments to computing resources by automatically scaling to new nodes based on load for better ROI and operational readiness.

• Superior Availability – Separating functionality across containers and monitoring for problem detection and self-healing to deliver higher availability.

• Enhanced Security - Applications isolation from the host and each other, Kubernetes secrets for provisioning passwords/keys, and automatic app management and deployment provides enhanced security.

• Faster Deployment - Standardized docker images enable faster deployment of Majesco Apps and faster patching for host OS.

• Cloud Platform Agnostic - Abstraction from host OS, an inherent feature of containerization, makes the app run on any cloud platform.

• Cost-Effectiveness - Scaling of lightweight containers, auto-scaling, and a high degree of automation significantly reduce operating costs with horizontal scaling.

Majesco was named a Leader in the October 2020 Magic Quadrant for P&C Core Insurance Platforms, North America, and a Visionary in the August 2020 Magic Quadrant for Life Insurance Policy Administration Systems, North America. The company also received an XCelent award for Depth of Service in Celent's Policy Administration Systems: North America Property Casualty Report and named the Top "Best-in-Class" Vendor in the P&C Policy Administration Aite Matrix Report.

About Majesco
Majesco is the leading software partner to both the P&C and L&A insurance markets to modernize, optimize and innovate their businesses at speed and scale. Over 330 insurers, from greenfields, start-ups, and MGAs to the largest insurers, reinsurers, and brokers, use Majesco's next-generation SaaS platform solutions of core, data and analytics, digital, distribution, absence management, and a rich ecosystem marketplace of established and InsurTech partners to build the future of insurance.

Our technology, expertise, and leadership help insurers innovate and connect to build the future of their business. With over 825 successful implementations and over 65% of our customers on Cloud with Majesco platform solutions, together, we have a fantastic track record of innovation and real-world results.

Spotlight

The AMA supports requiring individuals to obtain health insurance in order to maximize the coverage of the uninsured and strengthen the effectiveness of other market reforms, such as eliminating health insurance denials due to pre-existing conditions. Specifically, AMA policy supports a requirement that individuals and families who can afford health insurance be required to obtain it, using the tax structure to achieve compliance.

Spotlight

The AMA supports requiring individuals to obtain health insurance in order to maximize the coverage of the uninsured and strengthen the effectiveness of other market reforms, such as eliminating health insurance denials due to pre-existing conditions. Specifically, AMA policy supports a requirement that individuals and families who can afford health insurance be required to obtain it, using the tax structure to achieve compliance.

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