Latest news with #Majesco
Yahoo
05-06-2025
- Business
- Yahoo
Insurtech Insights USA 2025: Event Round-Up from Day Two
NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- Insurtech Insights USA 2025, concluded today at the Javits Center, wrapping up two impactful days of insightful conversations, cross-sector collaboration, and high-level dealmaking. With over 6,000 delegates and more than 400 industry leaders in attendance, this year's edition firmly cemented the event's position as the foremost gathering for insurance innovation in North America and the largest ever Insurtech Insights USA conference. A Media Snippet accompanying this announcement is available in this link. Reflecting on the success of the event, Kristoffer Lundberg, Founder & CEO of Insurtech Insights, said, 'As we close out two powerful days of dialogue, dealmaking, and discovery, one message echoes throughout the Javits Center: insurance is no longer just about risk, it's about being resilient. From agentic AI to behavioral underwriting, from redefining customer trust to unlocking global M&A potential, this year's event captured a sector rewriting its operating system. Thank you to our partners, speakers, and 6,000+ attendees for reaffirming that innovation in insurance isn't a buzzword, it's our collective mission.' Day Two Highlights: AI at the Forefront of Transformation The day was packed with several thought-provoking panels, keynotes, and moderated discussion sessions across the six stages. Some of the highlights on the main stage were sessions like 'Facing into AI: The Potential and Uncertainty,' a compelling conversation between Lucy Pilko, CEO of AXA XL Americas, and Naveen Agarwal, Senior Advisor at BCG and CEO of NavDots. Together, they unpacked the double-edged nature of AI in insurance, stressing the need for thoughtful implementation as insurers and clients alike navigate the transformative and sometimes uncertain possibilities of AI. Later on the main stage, the session 'A Year Later for AI and GenAI in Insurance: The Reality and Growing Real Business Value' showcased how far the industry has come in just 12 months. Moderated by Denise Garth, Chief Strategy Officer at Majesco, the panel included Robert Pick, EVP and Chief Information Officer, Tokio Marine North America Services, Manish Sha, President Chief Product Officer at Majesco, and Jim DeMarco, Insurance Advisor Lead, Microsoft. The speakers shared real-world results of AI implementation, with early benchmarking showing up to 10–20x productivity improvements in underwriting and customer service. They also addressed how GenAI is simplifying complex workflows, accelerating onboarding, and helping insurers meet rising customer expectations, especially as nearly 50% of the workforce approaches retirement by 2030. In the afternoon, the session 'Operationalizing AI in Insurance: Key Considerations for Full-Scale Implementation' drew a packed audience. Moderated by Karlyn Carnahan, Head of P&C Insurance, Celent, the panel featured Dan Moore, Senior Vice President of Claims Shared Services, CNA Insurance, Anurag Bairathi, Chief Claims Officer, Mapfre, and Yuval Man, CEO and Co-Founder, DigitalOwl. Speakers offered practical insights into scaling AI responsibly, underscoring the need for human-in-the-loop processes, AI governance, bias testing, and strong organizational guardrails to ensure safe and effective deployment across underwriting and claims operations. The final main stage session, 'Regulators & Risk Takers: Aligning Vision for the Future of Insurance,' brought together Commissioners Jon Godfread, Glen Mulready, and Andrew Mais from North Dakota, Oklahoma, and Connecticut, respectively. Moderated by Susan Winkler, VP and Executive Director, Connecticut Insurance and Financial Services, the conversation centered on finding common ground between regulatory oversight and industry innovation. The panelists agreed that open dialogue and coordinated action between regulators and carriers are essential to shaping a future-ready insurance ecosystem in an era marked by climate volatility, AI disruption, and rapid digital transformation. The closing of Insurtech Insights USA 2025 marks a pivotal moment in the industry's journey from legacy operations toward data-powered, customer-centric, and resilient growth models. With AI no longer a concept on the horizon but a force embedded in today's operations, this year's conference showcased not just where the industry is going but also the leaders who are already taking it there. Registrations for Insurtech Insights 2026 early bird are now open, and you can buy with ease: a 30-day full money-back guarantee. About Insurtech Insights USA Insurtech Insights USA is the leading global conference for the insurtech industry, bringing together experts, innovators, and thought leaders to discuss the latest trends, challenges, and opportunities shaping the future of insurance. With a focus on innovation, collaboration, and disruption, Insurtech Insights USA provides a platform for networking, learning, and driving meaningful change in the insurance sector. For media queries and other information, please contact: Girish Jaggi Senior Account ManagerThe MicDrop Agency girish@ +1 (289) 623 3627
Business Wire
07-05-2025
- Business
- Business Wire
Majesco and Vertex Announce Partnership to Deliver Advanced Tax Solutions for Disability Claims and Absence Management
MORRISTOWN, N.J.--(BUSINESS WIRE)--Majesco, a global leader in cloud insurance software solutions, is excited to announce a partnership with Vertex Inc., a global provider of indirect tax technology solutions. This partnership introduces the Majesco ClaimVantage solution utilizing Vertex tax expertise, delivering a transformative tax solution designed to empower customers with a comprehensive, seamless, and automated tax calculation solution for disability claims and absence management. Since 1978, Vertex has been at the forefront of tax technology, helping businesses with tax determination and compliance. Respected for its expertise in complex tax systems, the company offers businesses the confidence to transact, comply and grow with confidence. Vertex Payroll Tax, a SaaS-based solution, calculates gross-to-net payroll tax deductions for the U.S. and Canada, helping businesses simplify complex tax calculations. 'As a leading payroll engine supporting the payroll needs of over 33 million employees, we are excited to welcome Majesco into the Vertex Payroll family,' said Michael Schuster, Principal Product Manager at Vertex Inc. 'We look forward to collaborating with their team and delivering accurate, reliable tax calculations to their clients.' The integration of Vertex's payroll tax engine into Majesco ClaimVantage solutions offers Canadian carriers and third-party administrators (TPAs) a robust, seamless tax calculation and payment solution as part of their disability claims and absence management workflows. Key Highlights of the ClaimVantage with Vertex Solution: Robust Tax Solution: With integration from an industry leader in indirect tax and compliance, Majesco now offers seamless and more accurate tax calculations for disability claims and absence management. Out-of-the-Box Plug and Play: As a pre-built integration, the implementation of the ClaimVantage with Vertex solution is quick and straightforward, enabling seamless integration into existing systems with minimal disruption. Always Up to Date: With Vertex's continual tax content updates, tax parameters are automatically refreshed, helping ensure that payment calculations align with the latest specifications and regulations. Benefits of the ClaimVantage with Vertex solution: Accuracy: The integration helps ensure tax calculation accuracy for customers, with no need for annual updates – keeping all calculations aligned with current specifications. Efficiency: Claims teams benefit from automated tax calculations, improving operational efficiency and reducing manual errors. Simplicity: The effortless nature of the integration helps ensure a seamless experience for users, streamlining operations with minimal setup. 'Majesco is thrilled to introduce the ClaimVantage with Vertex solution, a transformative partnership that enables customers with a comprehensive tax solution,' said Ray Law, SVP & GM, Product at Majesco. 'By integrating Vertex's advanced tax technology, our customers' claims teams can achieve unparalleled efficiency and benefit from a simple, streamlined implementation. As we move forward with this powerful partnership, we're excited to see how it will positively impact our customers' operations.' Majesco plans to extend the Vertex integration to U.S. customers later this year, making the Vertex tax solution the new standard for users, offering a more streamlined and efficient experience for claims and absence management. About Majesco Majesco is the partner P&C and L&AH insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what is next, without losing sight of what's important now. Over 350 insurers, from MGAs, greenfields and startups to some of the world's largest insurers and reinsurers, rely on Majesco's intelligent SaaS platforms solutions, with GenAI powered insurance data analytics, of core, data, analytics, distribution, underwriting, loss control, digital, and rich ecosystem of partners to create their next now. As an industry leader, we don't believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 1000+ successful implementations and 90% of our customers in the cloud we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute.
