IBM, MetLife, and Majesco developed cloud-based insurance platform that enables insurers to create new products, as well as improve underwriting and benefits delivery processes

Briefing

IBM, MetLife, and Majesco developed cloud-based insurance platform that enables insurers to create new products, as well as improve underwriting and benefits delivery processes

October 15, 2017

Briefing

  • Cloud Insurance Platform – IBM collaborating with insurance firm MetLife and insurance software developer Majesco to develop insurance platform based on cloud
  • Benefits – Enables insurers to innovate on new products and improve processes in underwriting and benefits delivery, while reducing IT infrastructure and maintenance costs
  • Future Blockchain Integration – Could integrate with blockchain networks in future to provide secure permissioned transactions, as well as option to incorporate regulatory compliance data and third-party software

Accelerator

Market Disruption

Business Model and Practices

Business Model
and Practices

Sector

Financial Services, Information Technology

Organization

International Business Machines Corp., Majesco, Metropolitan Life Insurance Company

Source

Original Publication Date

October 11, 2017

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