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A new year brings new energy and enthusiasm to strategic plans, an opportunity
to fuel business growth and drive market leadership.  But a new dominant buyer
in the insurance industry, Gen Z and Millennials, a digital-first generation,
expects to get access to what they want, when they want it, through the channels
they want to use. 

With greater demands for diversified products, services and distribution
channels, a new wave of market savvy InsurTechs and Greenfields and innovative
incumbent insurers are delivering a compelling combination of technology and
products through distribution channels customers want to use - and making it
easy for them to do so. Insurance leaders who implement multi-channel
distribution models that satisfy both agents/brokers and consumers are setting
themselves up to win – leaving traditional insurance models under threat.

How Mature is Your Distribution Model?

Current distribution management models vary from completely disconnected and
chaotic operations, which cannot scale, to next-generation distribution
operations that leverage AI/ML models that optimize and grow channels.  Getting
from A to B requires a long-term strategy but taking incremental steps towards
an AI-driven distribution model can increase the operations maturity,
scalability, adaptability and effectiveness, while enhancing broker/agent and
customer relationships.

Distribution management is no longer an organizational silo; competing for shelf
space with other insurers is strategically crucial. Spanning across the
insurance lifecycle - from onboarding and servicing transactions to licensing,
compensation management and accessing commission statements - next-gen
distribution management models provide transparency, flexibility, and an
improved channel experience, regardless of the channel.

Read the report below to understand your current position on the distribution
management maturity curve and steer your strategy into the future of insurance.
 


Majesco’s Distribution Management and Digital1st Insurance solutions help
insurers expand distribution channels to drive growth and create ease of doing
business through digital capabilities to accelerate speed-to-market.

We invite you to stay on top of the latest industry topics and trends and
receive special invitations to Majesco events that keep you on the leading edge
of change. Sign-up using the links below.

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Follow us today and get access anytime, anywhere.

STAY CONNECTED

 




About Majesco

Majesco is the leading software partner to both the P&C and L&A insurance
markets to modernize, optimize and innovate their businesses at speed and scale.
Over 330 insurers, from greenfields, start-ups and MGAs to the largest insurers,
reinsurers and brokers use Majesco’s next generation SaaS platform solutions of
core, data and analytics, digital, distribution, absence management and a rich
ecosystem marketplace of established and InsurTech partners to build the future
of insurance. 

Our technology, expertise and leadership help insurers innovate and connect to
build the future of their business. With over 825 successful implementations and
over 65% of our customers on Cloud with Majesco platform solutions, together we
have an amazing track record of innovation and real-world results. For more
details on Majesco, please visit www.majesco.com.

Mailing Address
Majesco
412 Mount Kemble Ave
STE 110C
Morristown, NJ 07960

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