Infosys has announced a strategic collaboration with cloud insurance software solutions provider Majesco to work together to help customers accelerate their digital transformation journey. This will help unlock new opportunities, address the demand for personalised customer experiences, operational effectiveness, and digital adoption across the insurance business value chain, Infosys said in a regulatory filing to the stock exchanges.
Infosys' insurance domain and digital capabilities combined with Majesco's cloud-based suite of solutions including the Majesco L&A and Group Core Suite, Majesco P&C Core Suite, and Majesco Digital1st Insurance on Majesco CloudInsurer, will accelerate business growth and innovation for the insurance industry, Infosys said.
The combined synergy will help Life & Annuity (L&A), Group, and Property & Casualty (P&C) customers transform their business and will benefit insurers in achieving agility and innovation at speed and scale, Infosys added.
Infosys President Mohit Joshi said, "In the new normal, insurers are exploring ways to offer hyper-personalised experiences and innovative coverage to acquire and retain customers. Together, we will provide advanced insurance solutions to our customers and act as a catalyst in their transformation journey by delivering the next-generation digital insurance."
At 11:45 am, Infosys shares were trading higher by 0.4 per cent on the BSE as against the Sensex's decline of 0.17 per cent.