Ratings and Reviews 0 Ratings
Ratings and Reviews 0 Ratings
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Practo Insura is a cutting-edge modular platform tailored for property and casualty insurance, enabling insurers, managing general agents, and reinsurers to oversee the full lifecycle of policies, billing, and claims. This platform allows teams to quickly introduce new insurance offerings, modernize legacy processes, maintain compliance across various states, and reduce manual interventions while overcoming operational challenges.
The key features of Practo Insura encompass:
• Extensive policy administration that spans from issuance to renewal
• Streamlined billing and payment systems, which cover premium billing and collections
• Integrated claims management that simplifies the entire journey from the initial notice of loss to final resolution
• Sophisticated rating engine and quote management capabilities
• An intuitive portal for insured clients paired with a consumer-facing point of sale interface
• A specialized agent portal that includes quote-to-bind functionalities
• Comprehensive compliance and filing workflows to support state expansion and regulation of rates/forms
• In-depth reporting and operational analytics tools
This platform not only boosts operational efficiency but also enables insurance professionals to prioritize providing outstanding customer service, ultimately leading to improved client satisfaction and loyalty.
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.
Integrations Supported
Majesco
API Availability
Has API
API Availability
Has API
Pricing Information
$50,000/year
Free Version
Free Trial Offered?
Pricing Information
Pricing not provided
Free Version
Free Trial Offered?
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
Practo Insura
Date Founded
2023
Company Location
United States
Company Website
practoinsura.com
Company Facts
Organization Name
Majesco
Company Location
United States
Company Website
www.majesco.com/core-software-insurance-solutions/pc-coreconnect/
Categories and Features
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
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