Majesco P&C CoreConnect vs. Macaw AMS

Majesco P&C CoreConnect is a modern cloud-native insurance core platform designed specifically for property and casualty MGAs, MGUs, and smaller insurance carriers. The solution combines quote, rating, policy, billing, claims, and operational capabilities in one configurable environment. Organizations can use prebuilt product templates and a preconfigured MGA Model Office to reduce implementation effort and bring new insurance products to market more quickly. The platform is designed to support complex business structures involving multiple insurers, reinsurers, distribution partners, currencies, languages, and geographic markets. Its policy administration capabilities cover the end-to-end lifecycle of personal, commercial, and specialty insurance products. Billing features automate payment processes, commissions, recurring drafts, audit premiums, reinstatements, and configurable billing rules that business users can manage without constant IT involvement. Claims functionality supports reserving, multiple adjuster assignments, catastrophe tracking, entity management, document management, and other processes needed to manage claims through resolution. P&C CoreConnect also provides underwriting portals, carrier API connectivity, document generation, data enrichment integrations, and low-code tools that can automate straight-through processing from submission to indication or bindable quote. AI-powered capabilities include document question answering, sanctions screening, unstructured text ingestion, and automated creation of submissions from ACORD forms to reduce manual data entry. Built-in Power BI experiences provide configurable dashboards and self-service reporting so users can analyze operational and business performance without waiting for technical teams. Majesco P&C CoreConnect is designed to help MGAs, MGUs, and insurers modernize core systems, improve automation, accelerate product development, and scale efficiently as their business expands.

Macaw AMS serves as a robust platform for selling insurance, utilized by brokers, MGAs, MGUs, Program Managers, and Lloyds Coverholders to streamline their business processes effectively. Designed with a focus on customer needs, it encompasses functionalities for CRM, Sales, and Underwriting, providing customers, producers, and service providers with access to user-friendly self-service portals. Additionally, Macaw AMS includes integrated Document Management and Task Management features, along with adaptors for seamless services such as eSignature, Payments, OFAC checks, and Mass Emailing, utilizing third-party solutions. The data analytics capabilities of Macaw AMS deliver advanced data visualization through predefined dashboards, enabling users to upload datasets and explore dynamic charts that offer insightful, multi-dimensional perspectives. With interactive, real-time visualizations, users can identify trends and derive insights that promote well-informed decision-making. Hosted on a secure cloud infrastructure, Macaw AMS is built on a relational database, with its primary Java-based components crafted in Java, allowing for efficient processing of 500-1000 policies daily at peak performance. As a notable benefit, Macaw AMS aims to decrease the per-policy costs by 30%, making it an attractive choice for insurance professionals looking to optimize operations. Ultimately, its comprehensive features and cost-saving potential position Macaw AMS as a transformative solution in the insurance industry.