Accounting and consulting firm KPMG has added Majesco, a provider of cloud insurance platforms, to its partner ecosystem. KPMG will now help its clients leverage Majesco’s Digital1st Insurance – a cloud-native microservices-based digital experience platform.
Based in Morristown, NJ, Majesco helps insurance businesses digitally transform. The company’s Digital1st platform allows firms to create configurable portals for customers and channels covering a wide range of insurance transactions; create rich customer experiences with intuitive UI for insurance products and processes; launch new products and leverage new data sources; and connect to an ecosystem of partner apps.
The firm also offers its core CloudInsurer platform, which delivers solutions for policy, billings, and claims.
Majesco supports more than 200 insurance companies worldwide in property & casualty, life & annuities, and group benefits. Majesco’s consulting firm partners include IBM, Capgemini, and Deloitte.
KPMG will now partner with Majesco to implement Digital1st at insurance companies – enabling greater connectivity with clients, agents, and brokers.
“Customer and agent experiences and increasingly digital expectations require insurers to rapidly innovate and adapt to acquire and retain customers, drive operational effectiveness, enable productivity of distribution channels and meet the needs of a new generation of customer,” said Mike Adler, principal, insurance – management consulting, at KPMG. “Our partnership with Majesco will help insurers meet these needs rapidly to compete in a digital world and move towards a Connected Enterprise.”
KPMG’s insurance practice helps industry clients manage risk and compliance, drive operational transformation, upgrade customer experience, and leverage technological innovation.
“The entire insurance industry is rapidly pivoting to a digital operating model that requires speed-to-value and customer-focused products and services that continually adapt to changing market dynamics and customer behaviors,” said Ed Ossie, COO at Majesco. “Insurers must make bold moves to optimize today’s business and create the future business to substantially increase their potential for success.