Majesco Claims for P&C
by Majesco Software and Solutions India Private Limited
Majesco's industry leading claims solution for Property & Casualty core systems
Industry Recognized P&C Claims
An efficient claims operation is necessary for profitability but also serves as a fundamental pillar for enhancing customer satisfaction, loyalty, and retention. Claims for P&C, provides our customers with the necessary tools to seize these opportunities by leveraging a highly adaptable rules-based engine. This engine empowers them to streamline the entire claims process across all P&C lines of business, incorporating comprehensive functionality such as FNOL setup, claims setup, processing, and settlement, all facilitated by seamless and automated procedures.
ACHIEVE UNPARALLELED CONFIGURATION AGILITY
Advanced rules-based functionality through our configuration tools, enabling a new level of autonomy in your claims administration process delivering the flexibility and control needed to optimize your claims operations.
EMBRACE BUILT-IN INNOVATION FOR A COMPETITIVE EDGE
Stay at the forefront of innovation to drive your success in the dynamic insurance landscape, gain a competitive advantage, and exceed customer expectations by leveraging cutting-edge technologies such as AI, ML, drones, IoT, virtual reality, and more, available through our robust partner ecosystem.
REVOLUTIONIZE THE CUSTOMER EXPERIENCE
Claims for P&C is designed to transform the customer journey and efficiently process high volumes of claims, particularly during periods of claims inflation or catastrophic events.
Smart Risk Assessment: Empowering Effective Claims Management
Seamlessly integrate and leverage data from various sources, enabling comprehensive risk assessment and management for more informed decision-making.
- Proactively identify and evaluate claim complexity at an early stage, facilitating efficient resource allocation and effective claim handling strategies.
- Optimize operations by automating routine tasks, implementing integrated business rules, and leveraging robust work management capabilities, ensuring streamlined and efficient claims processing.
- Enhance underwriting quality and decision-making by leveraging powerful business rules that analyze claims history, enabling quick and accurate risk evaluation.
- Simplify payment disbursement processes with out-of-the-box integrated digital payments, leveraging One Inc platform. Effectively handle payments to insured parties, claimants, vendors, lienholders, and more, ensuring a seamless and efficient claims settlement experience.
Streamlined Catastrophe Management
Seamlessly handle extraordinarily high volumes of claims during periods of claims inflation, ensuring timely and effective resolution for policyholders.
- Optimize claims management costs by implementing streamlined processes that expedite the claims lifecycle, minimizing administrative overhead and maximizing operational efficiency.
- Empower policyholders with self-service capabilities, enabling them to expedite claims settlement times during a catastrophe, reducing the time and effort required for resolution.
- Benefit from enhanced features, including the ability to track catastrophes and their impact on insured properties, as well as efficiently route mobile claims appraisers to affected areas for prompt assessment and resolution.
Empowered by Real-Time Data and Intelligent Insights
Benefit from pre-configured mapping of metadata, standard reports, reporting tools, and interactive dashboards. Gain actionable business intelligence to proactively manage the entire claims process, leading to improved operational efficiency and informed decision-making.
- Seamlessly integrate with multiple data sources, including social media, private records, public information, and claims history. Leverage this diverse data to assess claim authenticity and identify exceptions, ensuring accurate and efficient claims management.
- Elevate underwriting quality and enhance decision-making capabilities by utilizing advanced business rules that analyze claims history. Uncover valuable insights to make informed decisions, minimize risks, and optimize underwriting processes.
- Access business rules, payment plans, templates, and forms through a modern architecture built on open standards. Enjoy ease of use and flexibility, enabling efficient customization and seamless integration into existing systems and workflows.
At a glance
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