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Majesco Policy for P&C

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User industry
  1. Retail and wholesale
  2. Real estate and property management
  3. Manufacturing

What is Majesco Policy for P&C

Majesco Policy for P&C is a policy administration system used by property and casualty insurers to manage core policy lifecycle processes such as product configuration, quoting, underwriting, issuance, endorsements, renewals, and cancellations. It targets carrier IT and operations teams that need a configurable platform to support multiple lines of business and distribution models. The product is typically deployed as part of a broader core suite and integrates with billing, claims, document generation, and external data sources via APIs and integration tooling.

pros

Broad policy lifecycle coverage

The product supports end-to-end policy administration functions, including new business, mid-term servicing, renewals, and cancellations. This helps insurers consolidate policy processing into a single system of record for P&C lines. It is designed to handle multiple products and jurisdictions through configuration rather than custom code in many common scenarios.

Configurable product and rules setup

Majesco Policy for P&C provides tooling to configure products, rating elements, underwriting rules, and workflows to match carrier-specific processes. This can reduce the need for hard-coded changes when launching or modifying products. Configuration-driven approaches can also improve maintainability compared with heavily customized legacy policy platforms.

Integration-oriented architecture

The platform is built to integrate with surrounding insurance systems such as billing, claims, CRM/agency portals, document services, and third-party data providers. API-based integration and middleware patterns support coexistence with existing enterprise systems during phased modernization. This is relevant for carriers that cannot replace all core systems at once.

cons

Implementation can be complex

Core policy administration replacements typically require significant process design, data migration, and integration work, and this product is not an exception. Carriers often need specialized implementation partners and strong internal governance to manage scope. Timelines and costs can increase when multiple lines, states, and legacy integrations are in scope.

Configuration has learning curve

While configuration reduces custom development in many cases, it introduces a need for trained administrators and analysts who understand the product model, rules, and workflow constructs. Organizations may need to invest in enablement and documentation to avoid inconsistent configurations across products. Complex product/rating requirements can still drive custom extensions or external rating services.

Ecosystem varies by region

Availability of prebuilt integrations, accelerators, and local-market content can vary depending on line of business and geography. Some carriers may need to build or adapt connectors for niche data providers, document templates, or regulatory reporting. This can affect time-to-value compared with platforms that have stronger out-of-the-box content for a specific market segment.

Plan & Pricing

No public pricing tiers or costs are published on Majesco's official product pages for "Majesco Policy for P&C." The Majesco product page provides product details, deployment options, and a "Request Info" / demo form but does not list plan names, per-user or per-month prices, usage-based rates, or a self-service checkout. Refer to Majesco's official product page for Policy for P&C for details (contact/sales required).

Seller details

Majesco
Morristown, NJ, USA
1982
Public
https://www.majesco.com/
https://x.com/Majesco
https://www.linkedin.com/company/majesco/

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