The platform allows seamless integration of various industry AI models directly into Majesco’s solution workflows. Initially, the ecosystem will feature select partners, enhancing the capabilities of Majesco’s insurance software offerings.
The introduction of Majesco Copilot aims to streamline operations and improve efficiency across the insurance sector by leveraging AI to automate tasks and provide advanced data insights. This marks a significant step in the company’s commitment to driving digital transformation in the insurance industry.
Manish Shah, Chief Product Officer and President at Majesco., said of the move: “This new AI ecosystem introduces a rapid approach to integrate via Majesco Copilot with some of the most compelling and impactful solutions in the industry for our customers to deepen the intelligence at their fingertips.”
He continued: “We were an early pioneer in creating an ecosystem of partners with API integrations but are now taking the concept to a new level specifically for AI partners leveraging our GenAI foundation. We are excited to bring this to our customers and industry, creating greater value for everyone.”
The initial AI partners include:
- Charlee AI: Predictive models for litigation and claims severity in property and casualty (P&C) insurance.
- CyberCube: AI-powered cyber risk analysis for the insurance sector.
- Fenris: AI-driven prefill data and predictive algorithms for auto, property, commercial, and life insurance.
- Gradient AI: AI solutions for underwriting and claims in P&C and life, accident, and health (L&AH) insurance.
- CoreLogic®: AI-enhanced tools for property insurance and climate risk analysis.
According to reports, the ecosystem simplifies the integration of cutting-edge AI models, elevating the intelligence of their solutions. AI partners gain access to Majesco’s infrastructure and the GenAI-powered Majesco Copilot, creating mutual benefits across the industry.
Sri Ramaswamy, Founder and CEO of Charlee AI – a Majesco partner, added: “We were an early partner with Majesco in their ecosystem and are really excited about this new approach to leverage Majesco’s data and analytics foundation that provides access to all the data and GenAI to embed intelligence into the workflow, a truly innovative approach.”
