October 21, 2016 | Written by: Matthew Wilson
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The insurance business is all about anticipating and preparing for what may happen in the future.
That could be why Majesco, which provides core insurance software, consulting and services for providers across the world, has formed a five-year partnership with IBM to offer a cognitive, cloud-based platform to give insurers the power to develop new customer services that use predictive analytics.
Here’s how SD Times described what will be on offer:
IBM will contribute Watson and other cognitive application programming interfaces (APIs) that will run on IBM Cloud. This will allow insurance companies to better analyze, price and understand business risks using new data sources and add an engaging and personalized advisory interface to their services.
Having these cognitive abilities at hand to analyze customer data will help reduce risks, improve pricing and increase efficiency.
Another piece of the joint offering is a secure, global incubator which will enable insurance companies to develop and launch cognitive, cloud-based products and services.
For more about the partnership between Majesco and IBM, check out the full SD Times article.