Overview

The Majesco Intelligent Sales & Underwriting Workbench is a cloud-based solution designed to streamline and enhance the insurance sales and underwriting process. By leveraging advanced artificial intelligence (AI) and machine learning (ML) technologies, it enables insurers to automate key functions, reduce quote turnaround times, and improve overall operational efficiency. This platform offers configurable, persona-based experiences tailored for brokers, agents, underwriters, and actuarial users, facilitating dynamic proposal creation and straight-through processing (STP). The solution's powerful rule, content, and rating engines empower users to write more business in less time, thereby increasing profitability and customer satisfaction.

Features and Capabilities

• Straight-Through Processing (STP): Enables seamless, automated processing of insurance applications from submission to policy issuance, reducing manual intervention and accelerating time-to-market.
• Persona-Based Configurability: Offers customizable user interfaces and workflows tailored to the specific needs of brokers, agents, underwriters, and actuarial users, enhancing user experience and efficiency.
• AI-Powered Proposal Generation: Utilizes AI to dynamically create proposals, ensuring accuracy and consistency while significantly reducing the time required to generate quotes.
• Advanced Rule and Rating Engines: Incorporates robust rule and rating engines that support complex underwriting guidelines and pricing models, ensuring compliance and profitability.
• Cloud-Based Architecture: Provides scalability, flexibility, and accessibility, allowing users to access the platform from anywhere and adapt to changing business needs.
• Integration Capabilities: Seamlessly integrates with existing insurance systems and third-party applications, facilitating data exchange and enhancing operational workflows.
• Analytics and Reporting: Offers comprehensive analytics and reporting tools to monitor performance, identify trends, and make data-driven decisions.
• Security and Compliance: Ensures data security and compliance with industry regulations, protecting sensitive information and maintaining trust with clients.