Ratings and Reviews 0 Ratings
Ratings and Reviews 0 Ratings
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What is Majesco?
Majesco distinguishes itself as the leading software partner for the Property & Casualty (P&C) and Life & Annuity (L&A) insurance industries, driving swift modernization, optimization, and innovation in their operations. With a diverse portfolio of over 330 clients, ranging from greenfield initiatives and startups to managing general agents (MGAs), as well as some of the largest insurers, reinsurers, and brokers, Majesco offers a sophisticated suite of SaaS platform solutions that include core systems, data analytics, digital interfaces, distribution, absence management, and a comprehensive ecosystem of both established firms and InsurTech partners, all focused on redefining the insurance landscape. Our technological prowess and industry expertise empower insurers to evolve and innovate, ensuring they stay nimble and competitive in a rapidly changing market environment. By harnessing state-of-the-art technologies such as cloud computing, microservices, and API integration, we move beyond conventional industry language. At Majesco, we proactively adopt these advancements, allowing carriers to respond promptly to market fluctuations, derive significant business value, and deliver faster, tailored innovations to their customers. Our dedication to transforming the insurance sector is steadfast, and we consistently refine our offerings to address the ever-evolving needs of the industry. As we look to the future, we aim to not only meet but exceed the expectations of our clients and partners, fostering a culture of continuous improvement and innovation.
What is Akur8?
Akur8 leverages the power of machine learning and predictive analytics to transform the pricing strategies of insurers by improving both speed and precision, while maintaining full transparency, auditability, and control over the models produced. This cutting-edge platform is unique in its ability to automate the development of production-ready Generalized Additive Models (GAM) and Generalized Linear Models (GLM). Utilizing its innovative proprietary algorithms, Akur8 unlocks substantial business value by addressing previously overlooked enhancements in the combined ratio. The solution equips actuarial pricing teams to construct highly predictive models more swiftly than ever, leading to faster and more informed decision-making processes. In addition to these capabilities, Akur8 is built to be API-enabled, providing users with the ability to quickly access various data sources, create tailored features, and seamlessly integrate the technology into their pricing workflows, thus boosting overall productivity and effectiveness. This all-encompassing strategy not only reshapes the pricing environment but also empowers insurers to maintain their competitive edge in an ever-evolving market landscape. As a result, Akur8 stands as a pivotal tool for insurers striving to optimize their pricing practices and enhance their operational efficiency.
Integrations Supported
Cybersource
Decimal
Deloitte Cascade Suite
IBM Cloud
Infosys BPM
Inspection Manager
Insurmi Violet
Kanverse
LexisNexis AML Insight
Liberate
Integrations Supported
Cybersource
Decimal
Deloitte Cascade Suite
IBM Cloud
Infosys BPM
Inspection Manager
Insurmi Violet
Kanverse
LexisNexis AML Insight
Liberate
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Majesco
Date Founded
1982
Company Location
United States
Company Website
www.majesco.com
Company Facts
Organization Name
Akur8
Date Founded
2018
Company Location
France
Company Website
www.akur8.com
Categories and Features
Insurance Agency
Claims Management
Commission Management
Contact Management
Document Management
Insurance Rating
Life & Health
Policy Management
Property & Casualty
Quote Management
P&C Insurance
Billing & Invoicing
Broker / Agent Portal
Claims Management
Commission Management
Customer Portal
Document Management
Insurance Rating
Marketing Automation
Policy Management
Quote Management
Reinsurance Administration
Underwriting Management
Categories and Features
Pricing Optimization
Channel Analysis
Competing Product Analysis
Forecasting
Market Analysis
Multi-Store Management
Price List Management
Price Optimization Automation
Pricing Analytics
Profitability Analysis
Scenario Planning