Majesco launches AI ecosystem to enhance insurance solutions with key models

Majesco, a provider of cloud-based insurance software, has introduced a new AI ecosystem powered by Majesco Copilot, enabling a seamless integration of various industry AI models into Majesco’s solution workflows, starting with a select group of partners.

majesco-logo“This new AI ecosystem introduces a rapid approach to integrate via Majesco Copilot with some of the most compelling and impactful solutions in the industry for our customers to deepen the intelligence at their fingertips,” added Manish Shah, Chief Product Officer and President at Majesco.

“We were an early pioneer in creating an ecosystem of partners with API integrations but are now taking the concept to a new level specifically for AI partners leveraging our GenAI foundation. We are excited to bring this to our customers and industry, creating greater value for everyone.”

Majesco continues to integrate data and analytics across its solutions, building smarter tools for the insurance industry.

Its advanced data infrastructure allows real-time access to information, creating a strong platform for embedding AI from ecosystem partners. Majesco Copilot, built into all Majesco solution interfaces, will automatically connect with AI partner solutions at key moments in the workflow.

The first AI partners include:

Charlee AI: Predictive models for litigation and claims severity in property and casualty (P&C) insurance
CyberCube: AI-powered cyber risk analysis for the insurance industry
Fenris: AI-driven prefill data and predictive algorithms for auto, property, commercial, and life insurance
Gradient AI: AI solutions for underwriting and claims in P&C and life, accident, and health (L&AH) insurance
CoreLogic®: AI-enhanced tools for property insurance and climate risk analysis
For Majesco customers, this ecosystem simplifies the integration of leading AI models, enhancing the intelligence of Majesco solutions when needed. AI partners will benefit from access to Majesco’s infrastructure and GenAI-powered Majesco Copilot capabilities.

“We were an early partner with Majesco in their ecosystem and are really excited about this new approach to leverage Majesco’s data and analytics foundation that provides access to all the data and GenAI to embed intelligence into the workflow, a truly innovative approach,” commented Sri Ramaswamy, Founder and CEO of Charlee AI.

Source URL : reinsurancene