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What is Pega Underwriting Automation?

Pega’s underwriting application is designed to improve the quality and uniformity of underwriting processes for insurance carriers, while also reducing operational expenses and capitalizing on new market possibilities. By implementing intelligent processes, this application enables carriers to efficiently scale their operations, which in turn increases productivity and encourages enhanced cooperation among underwriters. It facilitates the automation of underwriting activities according to set guidelines and seamlessly integrates various functional areas through robust case management, ensuring both security and accountability throughout the process. For commercial lines carriers, having an adaptable underwriting framework that can quickly respond to market changes is vital for sustained profitable growth and improved operational outcomes. Pega's underwriting solutions are tailored to help carriers meet these objectives while also refining their existing capabilities and updating their technological systems. Moreover, with Pega, carriers are not only able to boost their operational efficiency but also better equip themselves to tackle future challenges within the evolving insurance sector, ultimately leading to a more resilient business model. In a rapidly changing market, staying ahead of the curve is essential for long-term success.

What is Majesco P&C CoreConnect?

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.

Media

Media

Integrations Supported

Integrations Supported

Majesco

API Availability

API Availability

Pricing Information

Pricing not provided
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
On-Site Training

Training Options

Documentation Hub
Webinars
On-Site Training

Company Facts

Organization Name

Pegasystems

Date Founded

1983

Company Location

United States

Company Website

www.pega.com/insights/resources/pega-underwriting-insurance

Company Facts

Organization Name

Majesco

Company Location

United States

Company Website

www.majesco.com/core-software-insurance-solutions/pc-coreconnect/

Categories and Features

Commercial Insurance

Insurance Rating
Quote Management
Risk Assessment
Underwriting Management

Categories and Features

P&C Insurance

Not specified

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