Majesco, IBM form partnership to accelerate new insurance services on IBM Cloud

Majesco and IBM have entered into a five-year partnership to jointly offer a new cognitive, cloud-based platform to help insurance carriers worldwide create new services on IBM-Cloud. The global partnership is intended to help provide clients with the ability to speed the development of new customer services with predictive data analytics for insurance providers to bring new solutions to their clients.

It also becomes the first in what is expected to be a wave of industry partnerships under IBM's recently announced Industry Platforms business. The new unit was formed to build open industry platforms and the first comprehensive ‘as a service’ solutions designed from the ground up for individual industries. The joint IBM and Majesco offering will also provide a secure, global incubator for insurance companies to develop and launch new cognitive products and services via the cloud for clients.

Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions which include software, consulting and services.