Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Cut distribution expenses by as much as five times while tapping into previously overlooked markets by collaborating with Democrance to provide micro, retail, and commercial insurance products across all sectors, including property and casualty, life, and health. Insurers can envision rolling out new offerings in a matter of weeks rather than months, all while automating manual tasks to effortlessly connect with new customer demographics. Democrance equips you with a unified platform for managing all your insurance products, optimizing your operations, reducing average distribution costs by fivefold, and potentially increasing annual sales by approximately 28%, thus paving the way for innovative offerings in every line of business. Experience the launch of digital insurance solutions within just 2-6 weeks, ensuring minimal disruption to your current systems. The omnichannel capabilities of Democrance facilitate access to new market segments, support intermediaries, and allow exploration of options such as embedded and micro-insurance. Additionally, streamline your policy administration processes and significantly lower distribution costs from 20-30% down to just 5% of gross written premium, enhancing your overall efficiency and profitability. This transformation not only benefits your organization but also improves customer satisfaction by providing more accessible insurance solutions.
Description
Majesco P&C CoreConnect is a cloud-native core insurance platform created for property and casualty MGAs, MGUs, and smaller insurers that need a flexible system for managing complex insurance operations. It brings together quoting, rating, policy administration, billing, claims, and related workflows within a single platform. Preconfigured product templates and an MGA Model Office for selected lines of business can help organizations launch products more quickly while reducing implementation risk. The platform supports multiple insurers, reinsurers, distribution partners, currencies, languages, and market requirements, including capabilities for London and Lloyd's environments. Configurable underwriting portals and low-code tools allow business users to adjust processes, rates, rules, and workflows without depending entirely on technical teams. P&C CoreConnect also integrates with carrier APIs, data enrichment providers, document systems, comparative raters, and other insurance technology services. AI-driven features include document question answering, sanctions checking, unstructured submission ingestion, and automation that can create submissions from ACORD forms to reduce manual rekeying. Power BI dashboards, configurable analytics, and self-service reporting provide business users with greater visibility into underwriting, operations, claims, and performance data. Majesco P&C CoreConnect is intended to help insurance organizations improve speed to market, automate core processes, scale operations, and respond more quickly to changing risk and competitive conditions.
API Access
Has API
Yes
API Access
Has API
No
Integrations
Majesco
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
No
In Person
Yes
Vendor Details
Company Name
Democrance
Country
United Arab Emirates
Website
www.democrance.com
Vendor Details
Company Name
Majesco
Country
United States
Website
www.majesco.com/core-software-insurance-solutions/pc-coreconnect/
Product Features
Product Features
P&C Insurance
Billing & Invoicing
No
Broker / Agent Portal
No
Claims Management
No
Commission Management
No
Customer Portal
No
Document Management
No
Insurance Rating
No
Marketing Automation
No
Policy Management
No
Quote Management
No
Reinsurance Administration
No
Underwriting Management
No