<ul><li>Majesco released a report emphasizing the need for insurers to adopt new operating models and technology foundations to meet the demands of the new era of insurance.</li><li>Most operating models in the insurance industry are outdated and hindered by legacy systems, manual processes, and limited innovations, leading to inefficiency and increased costs.</li><li>Insurers are urged to transform their operating models by leveraging technologies like Cloud, APIs, AI/ML, GenAI, and IoT to drive operational optimization and foster innovation.</li><li>It is crucial for insurers to align their strategies with execution to stay competitive in the evolving marketplace and avoid marginalization from fast-moving digital competitors.</li></ul>

Time for a Reset: New Majesco Report Calls for New Operating Models & Technology Foundation to Accelerate Insurance Transformation

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