Majesco

Overview

Majesco is a software company based in the United States, specializing in business intelligence software for the insurance sector. Founded in 1982, the company has grown to employ between 1,001 and 5,000 individuals and has reported significant revenue. Majesco is actively exploring the integration of generative artificial intelligence (AI) into its insurance technology solutions, aiming to enhance customer experiences, improve productivity, and automate complex tasks. The company’s approach involves assessing its property and casualty (P&C) and life and health (L&AH) solutions to identify opportunities where generative AI can yield impactful efficiencies. Majesco recognizes that while individual task time savings may seem minimal, the cumulative effect across a high volume of tasks can significantly enhance operational effectiveness. The company is focused on delivering differentiated products that can quickly adapt to the evolving challenges within the insurance industry, such as rising costs and increasing claim severity related to environmental factors.

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