RVOS Farm Mutual Insurance Company Selects Majesco's CloudInsurer® Platform to Transform its Core Operations
Majesco, a global leader of cloud insurance software, today announced that RVOS Farm Mutual Insurance Company (RVOS), a long-time multi-line customer of Majesco's has selected Majesco P&C Core Suite Version 11 and will implement Majesco Enterprise Data Warehouse (EDW) on Majesco CloudInsurer® as part of their business transformation. The new platform will support their personal, farm and commercial lines of business including farm and ranch property, farm liability, comprehensive personal liability, homeowners, dwelling policy, commercial property fire, and commercial general liability. This includes ISO and non-ISO based products. This followed a multi-month market assessment resulting in the selection of Majesco solutions.
Based in Texas over the past 120 years, RVOS has grown from a single company offering a basic fire insurance policy to a group of companies offering innovative and competitively priced insurance products to meet the needs of property owners across the state. RVOS is committed to providing peace of mind to homeowners, farmers and ranchers. As a farm mutual, they have a unique ability to adapt quickly to new circumstances and offer a variety of insurance products to meet various needs and budgets.
"To successfully address ever-changing market conditions and evolving customer demands, we needed a next-generation platform that was flexible, agile and would rapidly support product, customer and new market demands," says Jamie Smith, Corporate Secretary of Information Technology at RVOS. "The combination of Majesco P&C Core Suite and Enterprise Data Warehouse on CloudInsurer® will provie a next-generation platform with robust business and data capabilities that are crucial as a digital insurer. As a long-time Majesco customer, we're confident that the Majesco platform is the right solution to expedite our digital transformation and meet the demands of a new generation of insurance customers."
The upgrade and implementation will leverage extensive ready-to-use content and capabilities of Majesco P&C Core Suite and rollout to CloudInsurer® that will facilitate a successful transformation and provide a foundation to rapidly scale as their business grows. Majesco EDW provides a robust data framework that is pre-integrated with P&C Core Suite helping to unlock insights to optimize the business.
"We're honored that RVOS will continue and expand our long-standing partnership as they transform their business to a new era of digital insurance," says Prateek Kumar, Executive Vice President of Sales at Majesco. "In an increasingly competitive and rapidly changing insurance marketplace, the powerful combination of our P&C Core Suite, EDW and CloudInsurer® solutions provide a powerful platform to modernize and optimize RVOS' business while positioning them to capture growth opportunities with new products that their customers, agents and brokers demand in a new digital era of insurance, helping them surpass their competition."
Majesco, provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business - and the future of insurance - at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal. Over 200 insurance companies worldwide in P&C, L&A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® LifePlus Solutions (AdminPlus, AdvicePlus, IllustratePlus, DistributionPlus); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange and Digital1st® Platform - a cloud-native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.