RVOS Insurance Selects Majesco’s CloudInsurer® Platform to Transform its Core Operations
Rvos Insurance, Majesco | January 18, 2021
Majesco, a worldwide head of cloud insurance programming, today announced that RVOS Farm Mutual Insurance Company (RVOS), a long-lasting multi-line customer of Majesco's has selected Majesco P&C Core Suite Version 11 and will implement Majesco Enterprise Data Warehouse (EDW) on Majesco CloudInsurer® as part of their business change. The new platform will support their personal, farm and commercial lines of business including farm and ranch property, farm obligation, comprehensive personal risk, mortgage holders, abiding policy, commercial property fire, and commercial general risk. This includes ISO and non-ISO based products. This followed a multi-month market appraisal bringing about the selection of Majesco arrangements.
Situated in Texas in the course of recent years, RVOS has developed from a solitary company offering a basic fire insurance policy to a group of companies offering inventive and competitively priced insurance products to address the issues of property proprietors across the state. RVOS is committed to providing peace of brain to property holders, farmers and ranchers. As a farm mutual, they have an interesting capacity to adapt quickly to new circumstances and offer an assortment of insurance products to address different issues and spending plans.
“To successfully address ever-changing market conditions and evolving customer demands, we needed a next-generation platform that was flexible, agile and would rapidly support product, customer and new market demands,” says Jamie Smith, Corporate Secretary of Information Technology at RVOS. “The combination of Majesco P&C Core Suite and Enterprise Data Warehouse on CloudInsurer® will provide a next-generation platform with robust business and data capabilities that are crucial as a digital insurer. As a long-time Majesco customer, we’re confident that the Majesco platform is the right solution to expedite our digital transformation and meet the demands of a new generation of insurance customers.”
The upgrade and implementation will use broad prepared to-utilize content and capabilities of Majesco P&C Core Suite and rollout to CloudInsurer® that will facilitate a successful change and provide an establishment to rapidly scale as their business develops. Majesco EDW provides a hearty data structure that is pre-incorporated with P&C Core Suite helping to unlock bits of knowledge to optimize the business.
“We’re honored that RVOS will continue and expand our long-standing partnership as they transform their business to a new era of digital insurance,” says Prateek Kumar, Executive Vice President of Sales at Majesco. “In an increasingly competitive and rapidly changing insurance marketplace, the powerful combination of our P&C Core Suite, EDW and CloudInsurer® solutions provide a powerful platform to modernize and optimize RVOS’ business while positioning them to capture growth opportunities with new products that their customers, agents and brokers demand in a new digital era of insurance, helping them surpass their competition.”
Majesco, provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal. Over 200 insurance companies worldwide in P&C, L&A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® LifePlus Solutions (AdminPlus, AdvicePlus, IllustratePlus, DistributionPlus); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse.