Insurance coverage firm Aviva UK has renewed its partnership with cloud insurance coverage platform software program supplier Majesco to improve its underwriting profitability and threat mitigation capabilities.
At the moment, Aviva UK is utilizing Majesco Loss Management and Majesco GuideStream for loss management information assortment and driving insights.
Clever information gathering is supplied by way of built-in loss management programs from any location on the earth.
Majesco Loss Management and Majesco GuideStream can be utilized to remotely take and determine pictures, fill varieties and supply suggestions.
The options enable policyholders to assemble information and make one of the best underwriting selections.
The expertise supplier claimed that greater than 350 insurers use its software-as-a-service (SaaS) platforms for core, information, analytics, digital, and companion ecosystem options.
Majesco chief income officer Jim Miller stated: “We admire Aviva’s confidence in Majesco’s options and look ahead serving to the staff redefine the way forward for loss management and solidify their place as a pacesetter within the trade.
“Digital loss management options and embedded, real-time information and analytics are key enablers to develop threat assessments that may rework underwriting, improve buyer experiences and enhance profitability.”
Moreover insurance coverage, Aviva UK gives 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 tasks.
Aviva stopped providing insurance coverage for fossil gasoline energy manufacturing tasks 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.