What Majesco does

Majesco is a private insurance technology company that provides cloud-native and AI-native SaaS platforms for property & casualty (P&C), life, annuity & health (L&AH), and retirement & pension insurance carriers. The company operates as a Thoma Bravo portfolio company headquartered in Morristown, New Jersey, with CVC Funds holding a minority equity stake since January 2026 following the Vitech acquisition. Majesco processes over $100 billion in direct written premium across more than 375 insurance customers globally, including carriers among the top 15 P&C insurers and top 15 L&AH insurers in the US. The company was originally spun off from Mastek in 2015 and rebranded under its current Majesco identity, growing through a series of acquisitions (Utilant 2021, Global IQX 2022, DRC 2024, Vitech 2026) to reach roughly $300 million in standalone FY2025 revenue and over $500 million on a pro-forma post-Vitech basis.

The platform is built on a microservices, API-first architecture with embedded generative AI (Majesco Copilot), thirteen specialized Agentic AI agents, proprietary document ingestion (DocScribe), and computer vision trained on a proprietary dataset of 2.4 billion observational data points and 242 million images from 19.2 million property surveys. Core products include the P&C Intelligent Core Suite, P&C CoreConnect (with the MGA Model Office), the L&AH Intelligent Core Suite, ClaimVantage (built natively on Salesforce), the Intelligent Sales & Underwriting Workbench, Loss Control with Guide Stream and Property Intelligence, the Vitech pension/benefits platform, and the EcoExchange partner marketplace. Notable integrations include Kyber for AI-driven claims correspondence, EvolutionIQ for AI claims guidance, Akur8 for actuarial modeling, Empathy for beneficiary support, PropertyLens for property risk data, and Azure Maps for geospatial intelligence.

The business operates an enterprise SaaS model with subscription-based multi-year contracts, quote-based pricing not publicly disclosed, and professional services revenue from implementation and configuration. Go-to-market is enterprise field sales targeting P&C, L&AH, and retirement/pension carriers, supported by inside sales for mid-market and MGAs, the annual Frontier customer summit, industry analyst engagement (QKS Group, Celent), and a multi-channel thought leadership content engine. Named customers include AGIA, Aviva, Tokio Marine Management, Westfield Insurance, Utica National Insurance Group, Pennsylvania Lumbermens Mutual, eMaxx Assurance Group, Pacific Life, and Empathy. The company holds ISO 27001-aligned security practices and reports revenue of $500M+ post-Vitech, with $100M+ EBITDA on a $300M standalone FY2025 base.

Name

Majesco

Legal name

Majesco

Website

https://majesco.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Majesco is a private insurance technology company providing AI-native and cloud-native SaaS platforms for property & casualty, life, annuity & health, and retirement & pension insurers. Backed by Thoma Bravo and CVC, it serves 375+ insurance customers globally and processes over $100 billion in direct written premium.

Ownership category

akta.pro rank

Product category

Insurance Core Software Platforms

NAICS

Software Publishers (5132)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

Keywords

• Insurance core platforms
• Policy administration software
• Claims management software
• Pension benefits administration
• Insurance underwriting solutions

Headquarters

HQ city

Morristown

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS/Subscription Licensing: Cloud-based software subscriptions for core insurance platforms (P&C, L&AH, Retirement & Pension), typically structured as multi-year agreements with enterprise customers. Platform fees are the primary revenue driver, supported by implementation and support services.
2. Implementation and Professional Services: Professional services revenue from system implementation, configuration, data migration, and ongoing support engagements for enterprise deployments across the insurance software platform.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels9 records

Core offering

Majesco designs, sells, and operates AI-native and cloud-native insurance core software platforms — including the P&C Intelligent Core Suite, P&C CoreConnect for mid-market and MGAs, the L&AH Intelligent Core Suite, ClaimVantage claims management, and Vitech pension/benefits administration — covering policy administration, billing, claims, underwriting, and loss control for property & casualty, life/annuity/health, and retirement & pension insurers. Revenue is generated primarily through multi-year SaaS subscriptions, implementation and professional services, and bundled support for enterprise carriers.

Product overview

Majesco provides a comprehensive portfolio of AI-native and cloud-native insurance software solutions organized across three main segments: Property & Casualty (P&C Intelligent Core Suite, P&C CoreConnect, Enterprise Rating), Life, Annuity & Health (L&AH Intelligent Core Suite, ClaimVantage, Intelligent Sales & Underwriting Workbench), and Retirement & Pension (Vitech). The platform is built on a microservices and API-first architecture with embedded GenAI, Agentic AI, and analytics capabilities delivered through Majesco Copilot, DocScribe, and Analytics Anywhere. Supplementary solutions include Loss Control (with Guide Stream and Premium Audit), Distribution Software, and the EcoExchange ecosystem marketplace. The company serves over 375 insurance customers globally, with platforms processing over $100 billion in direct written premium.

Differentiator

Problem solved

Functional benefit

Brands

• Digital1st: Digital platform ecosystem for insurers
• V3locity
• Majesco Copilot
• Majesco DocScribe
• LC360
• Property Intelligence
• ClaimVantage

Products and services

• P&C Intelligent Core Suite Cloud-native and AI-native platform for Property & Casualty insurance carriers covering policy, billing, claims, and underwriting administration with embedded GenAI, 13 Agentic AI agents, and pre-configured insurance products.
• P&C CoreConnect Mid-market P&C insurance platform providing policy, billing, and claims administration with fast upgrade capabilities, the MGA Model Office add-on, and Power BI analytics integration for rapid deployment.
• L&AH Intelligent Core Suite Cloud-native and AI-native platform for Life, Annuity & Health insurers covering policy, billing, and claims administration across individual, group, voluntary benefits, and worksite products, with embedded GenAI and Agentic AI streamlining underwriting, billing corrections, and claims adjudication.
• ClaimVantage Enterprise claims management system for Life, Annuity & Health insurance, built natively on the Salesforce Lightning Platform, covering absence, accommodation, and integrated disability management (IDAM) for insurers, TPAs, and large employers.
• Vitech (Pension & Benefits Administration) Cloud-native pension and benefits administration software for Group & Benefits and Pension & Retirement market segments, enabling up to 80% auto-adjudication rates and supporting public-sector entities with pension risk transfer.
• Intelligent Sales & Underwriting Workbench Digital underwriting solution that brings together Majesco's underwriting capabilities into a single workbench, leveraging AI for smarter risk assessment and faster quote generation across commercial and specialty lines.
• Loss Control (with Climate Property Intelligence) AI-powered survey management and risk assessment platform with climate property intelligence, predictive modeling, and computer vision-based property risk analysis using a 2.4 billion data-point contributory database.
• Property Intelligence AI-powered property risk assessment solution that leverages climate property intelligence to improve property risk assessments, enhance underwriting processes, and accelerate risk assessments for proactive risk management.
• Majesco Copilot Insurance industry's first GenAI assistant embedded across Majesco P&C and L&AH Intelligent Core Suites, delivering AI-powered guidance, document processing, and automation across underwriting, claims, and billing workflows with measurable business results.
• DocScribe Proprietary AI-powered document ingestion engine performing intelligent OCR and automated processing of quote applications, cash allocation (98% accuracy), and vendor invoices.
• Majesco Cloud Control Interactive web portal giving carriers a holistic view of their Majesco Cloud environment including software versions, usage reports, business metrics (DWP, in-force policies, claims), system health, and scheduled maintenance, with ServiceNow ticket integration.

Quantifiable outcome

• Expense ratio reduction of 2-5% through AI-powered automation
• +10 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability14 records

Feature13 records

Partnerships

Five partnerships are on record, tiered core.

• KybercoreTechnology or Integration · 13 February 2026Y Combinator-backed AI startup Kyber partnered with Majesco to deliver bi-directional integration with Majesco Intelligent Claims for P&C. The integration connects Majesco's structured claims data with Kyber's correspondence workflows, enabling auto-population of letters/forms, approval routing, and correspondence outcome tracking back to the claim file for auditability. Partnership aims to modernize claims correspondence as a governed workflow.
• EvolutionIQcoreTechnology or Integration · 30 March 2023Partnership integrates EvolutionIQ's AI-powered Claims Guidance platform with Majesco's disability insurance claims technology solutions (Majesco Claims for L&AH and Majesco ClaimVantage Claims). Enables carriers to achieve up to 35% increase in sick/injured people returning to work, with returns happening 3.5 months sooner on average. Part of Majesco EcoExchange marketplace.
• IBMcoreTechnology or IntegrationMajesco operates a cloud-based partnership with IBM, including a 10-year, $35+ million cloud subscription deal with MetLife facilitated through IBM. IBM's cloud infrastructure supports Majesco's SaaS platform delivery. The partnership is cited as evidence of Majesco's transition from services to product business model.
• SalesforcecoreTechnology or IntegrationClaimVantage is built natively on the Salesforce Lightning Platform as a Gold ISV partner. Majesco leverages Salesforce's cloud infrastructure, APIs, and AppExchange ecosystem for claims management, absence management, and IDAM solutions with multi-tenant, configurable architecture.
• EcoExchange MarketplacecoreTechnology or IntegrationMajesco EcoExchange is a next-generation marketplace of partner technologies within the Majesco platform, integrating solutions from partners like EvolutionIQ, Empathy, and Kyber to help the insurance industry meet demands of today's digital customer through a curated ecosystem.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• EIS Group: EIS provides the EIS Suite core insurance platform for P&C, life, and health carriers with strong digital and ecosystem capabilities. It competes directly with Majesco's L&AH and P&C Intelligent Core Suites, particularly for large carriers pursuing open API-first modernization.
• Guidewire Software: Guidewire is the leading P&C core insurance platform vendor, offering PolicyCenter, BillingCenter, and ClaimCenter on Guidewire Cloud. It is the most direct competitor to Majesco's P&C Intelligent Core Suite, serving large global P&C carriers with comparable policy, billing, and claims administration functionality.
• Sapiens International: Sapiens offers core insurance software for P&C, Life, Annuity, and Health (LifeSuite, PolicyCore, Reinsurance) targeting global carriers. It is a direct peer to Majesco across both P&C and L&AH Intelligent Core Suites with similar mid-market and large-carrier positioning.
• Duck Creek Technologies: Duck Creek provides cloud-native P&C core insurance software (Policy, Billing, Claims, Insights) competing head-to-head with Majesco's P&C Intelligent Core Suite and CoreConnect. Both target mid-market and large P&C carriers pursuing SaaS-based core modernization.
• Insurity: Insurity delivers P&C core insurance software, analytics, and digital solutions for carriers, MGAs, and self-insureds. It overlaps with Majesco's P&C CoreConnect and Enterprise Rating offerings, particularly in the MGA/MGU segment where DRC now competes.
• OneShield Software: OneShield delivers core insurance software (Enterprise, Dragon, Global) for P&C carriers and MGAs. It overlaps with Majesco's P&C CoreConnect and Enterprise Rating offerings, especially in the MGA/MGU mid-market segment.

Broad incumbents

• Applied Systems: Applied Systems is the dominant agency management and insurance distribution software provider (Applied Epic, TAM, NetVendor). It is a broader incumbent in insurance software whose distribution-side offerings overlap with Majesco's Distribution Software and EcoExchange ecosystem plays.
• Cognizant: Cognizant is a global IT services and consulting firm with a large insurance practice delivering core modernization, cloud migration, and digital services. It is a broader incumbent often competing for the same large-carrier RFPs that Majesco targets.
• EXL Service: EXL provides analytics, digital, and operations services to the insurance industry, including claims and underwriting operations. It is a broader incumbent overlapping with Majesco's analytics and EcoExchange partner ecosystem positioning.

Emerging players

• Hexure: Hexure provides sales automation, e-application, and straight-through processing solutions for life, annuity, and health insurance carriers. It is an emerging player intersecting with Majesco's Intelligent Sales & Underwriting Workbench and distribution software offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights8 records

Customer concentration

• YouTubeyoutube.com/channel/UCfUF97aYmvgCXNUPdT8TUog
• LinkedInlinkedin.com/company/majesco
• Instagraminstagram.com/majesco_inc
• Xx.com/majesco_inc
• Facebookfacebook.com/892413637443636

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A9 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Majesco