This is the fifth weblog in a sequence on our Fall ’22 Release. Over the following few months, we are going to proceed to highlight how Majesco helps insurers obtain relentless innovation and meet the ever-changing market wants with an outdoor in method.
Great underwriting begins with having the appropriate info when and the place you want it. As we proceed to maneuver into the way forward for loss management, underwriters have a better concentrate on profitability and proactive threat mitigation to reduce or remove claims. To do that, they should see extra of a buyer’s property to get a holistic view of the account’s well being. Increasingly, a single system of file that may observe all visits made to a property whatever the line of protection shouldn’t be a nice-to-have, however a necessity.
“Single Pane of Glass” for all Loss Control Activities
Equipment Breakdown is an extra module for Majesco Loss Control launched as a part of the Fall ’22 Release, which permits for the completion of one-to-many gear inspections inside a single property go to. Inspections and gear are tightly built-in with the Client and Location Manager inside Majesco Loss Control, permitting for full analytical and operational performance throughout the system.
Including Equipment Breakdown into Majesco Loss Control empowers your loss management crew to proactively determine insureds which have jurisdictional inspection service necessities whereas leveraging our best-in-class loss management system to seize the info, which adheres to the particular information assortment requirements that jurisdictional our bodies demand when receiving experiences.
The information gathered permits your group to have full perception into the dangers and insured tasks on a coverage by with the ability to view all historic visits for an insured. This permits any loss management consultant to have probably the most complete information obtainable, with out having to leap between a number of methods to retrieve the work.
Value Delivered – Accelerate the Workflow and Accuracy of Your Jurisdictional Inspections
- Integration Paths – Equipment Breakdown comprises a first-class integration with NBBI for jurisdictional reporting, and extra integration paths can be found for reporting to different third events.
- Account Management – Tight integration with the Client and Location Manager signifies that gear inventories and visits could be seen in the identical method as another account administration actions.
- Data Collection and Reporting – NBBI info is included within the set up, with a sturdy set of instruments which permits for extra information assortment and customised reporting for all information collected whereas onsite.
- Offline Mobile Capable – Starting in Spring ‘23, gear inspections will have the ability to be accomplished fully offline, together with information assortment, including/eradicating gadgets from the stock, and adjusting gear specs.
Having a single system of file for all gear and loss management surveys which additionally contains integration paths to any regulatory or jurisdictional bureau, delivers the pliability prospects have come to count on from Majesco Loss Control. Now you’ll be able to mix all go to particulars for a location right into a singular go to report out of your area employees, making certain underwriters get the info they want in probably the most environment friendly method.
Do you’ve got any further ideas or questions on this subject? Drop a remark or attain out to our product groups.