Majesco, Cigna Unite to Accelerate Digital-Health Solutions

Majesco, a cloud insurance software solutions company, announced that they will work with Cigna to accelerate the global health service company’s digital transformation and growth strategy as their cloud IT vendor within supplemental health. Implementation of Majesco L&A and Group Core Suite will provide a next-generation core platform, differentiate admin capabilities and deliver speed to market for new products.

1. An Advisor for other business: 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. Their platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling, and personal.
2. A profitable partnership: ”We are delighted to extend our partnership with Cigna to help them create a next-generation foundation to transform their business and accelerate their growth strategy,” stated Prateek Kumar, EVP for Majesco. “The L&A group and benefits market is ripe for growth, with more employers looking to offer supplemental benefits for employees particularly given the experience over the last year. Our platform will provide the capabilities Cigna needs not only for today but also in the future with our forward-thinking focus on our solutions. We look forward to our partnership and their successful initial implementation.”
3. Focused on supplemental health: Following Cigna’s divesture of its group life and disability insurance businesses, Cigna remains committed to focusing on its supplemental health solutions business to help drive growth while providing clients and customers with solutions to make health care more affordable, predictable, and simple. The initial lines of business in focus are group accidental injury, critical illness, and hospital care.
4.  New digital operating model:” Equipping our supplemental health business with a new digital operating model underpinned by a next-generation core platform will enable us to best serve current and future customers,” said Marc Jeffreys, head of supplemental health solutions at Cigna. “Majesco L&A and Group Core Suite on Majesco CloudInsurer will enable us to transform our business by enabling integration across the enterprise, improving operational efficiencies, gaining speed to market for new products, and driving competitive advantage in the rapidly changing supplemental health marketplace.”
5. Priorities of both: Over 190 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. Cigna began to focus more on its supplemental health business following the divestiture of its group life and disability insurance businesses. The payer’s current priorities are group accidental injuries, critical illnesses, and hospital care.