Insurance coverage firm Aviva UK has renewed its partnership with cloud insurance coverage platform software program supplier Majesco to improve its underwriting profitability and danger mitigation capabilities.
At present, Aviva UK is utilizing Majesco Loss Management and Majesco GuideStream for loss management knowledge assortment and driving insights.
Clever knowledge gathering is offered by way of built-in loss management programs from any location on this planet.
Majesco Loss Management and Majesco GuideStream can be utilized to remotely take and determine photos, fill types and supply suggestions.
The options permit policyholders to assemble knowledge and make the very best underwriting selections.
The know-how supplier claimed that greater than 350 insurers use its software-as-a-service (SaaS) platforms for core, knowledge, analytics, digital, and accomplice ecosystem options.
Majesco chief income officer Jim Miller mentioned: “We admire Aviva’s confidence in Majesco’s options and look ahead serving to the workforce redefine the way forward for loss management and solidify their place as a frontrunner within the trade.
“Digital loss management options and embedded, real-time knowledge and analytics are key enablers to broaden danger assessments that may rework underwriting, improve buyer experiences and enhance profitability.”
Moreover insurance coverage, Aviva UK supplies wealth and retirement providers and has operations in Canada and Eire too.
Earlier this yr, the Monetary Occasions reported that the UK-based insurer has began offering cowl for offshore wind initiatives.
Aviva stopped providing insurance coverage for fossil gas energy manufacturing initiatives 4 years in the past.
Since then, it has added onshore wind, photo voltaic, and battery storage to its portfolio of renewable vitality insurance coverage.