Insurance Platform

IBM partners with MetLife and Majesco on data driven insurance platform

Share this post:

The IBM Insurance Platform, a collaboration between IBM, MetLife and Majesco, is a breakthrough in the insurance industry that can pave the way for product innovation, and new levels of personalized customer service while achieving lowering operating costs to the insurer. The combination of artificial intelligence, cognitive computing and cloud technology enables insurers to get deeper insights out of their data.

Built on the IBM Cloud and using blockchain, IoT, analytics and IBM Watson, it provides both enhanced service to their existing customers, as well as gives new insight and data to find new ones. This new intelligent Platform was designed by insurance industry experts in cooperation with MetLife and Majesco. It was designed with the strict security, regulatory and compliance requirements necessary but conversely provides the enhanced flexibility for a number of applications across the industry.

With proven experience, IBM has previously implemented the Watson-powered suite of real time analytics and related data in a variety of industries that are allowing businesses to make better informed decisions, lower their operating costs, and provide a level of extreme personal customer service that stand out from the competition.

IBM continues being a leader in innovation across industries and the new IBM Insurance Platform and partnership with MetLife and Majesco is just the latest example.

Learn more about how insurers are using data and IBM technology in the full article from Digital Insurance.

To see what the IBM Insurance Platform can do for you, the insurer, request a consultation with an IBM Insurance expert. Also, see what other applications IBM Insurance is currently being used to revolutionize the industry here.

More Insurance Platform stories

Four ways to stem the growth of financial crime in insurance

Insurers have long understood that the ability to quickly detect fraudulent claims not only stems losses, but also minimizes the impact to legitimate customers as well. But as more complex financial crimes like money laundering, employee fraud, and corruption have gravitated toward insurers more recently, many don’t have the programs in place to combat these […]

Continue reading

Connect with IBM Insurance experts on social media

At IBM, we are fortunate to have a number of IBM Insurance experts who are active on social media and enthusiastically look forward to connecting with others in this realm. I encourage you to connect with the following insurance experts if you have a question or just want to follow the latest news and trends […]

Continue reading

How cloud adoption is transforming the insurance industry

Many insurance providers are now at an inflection point in their cloud transformation journey. Going beyond a “lift and shift” strategy with Infrastructure as a Service and focusing on Platform as a Service (PaaS) are the next steps for insurers in gaining cloud maturity. Applications hosted in the cloud cost less to maintain, are easier […]

Continue reading