Majesco , a worldwide provider of consulting and services for insurance business transformation, core insurance software and Elafris, Inc., a provider of an artificial intelligence powered chatbot messaging platform, disclosed that Elafris has partnered with Majesco Partner EcoSystem to accentuate insurers’ customer communication and payment experience. As part of the partnership, the two companies will be working together in order to consistently pre?integrate Majesco CloudInsurer via the Majesco DigitalConnect platform with Elafris to enable best?in?class communication and engagement experience for insurance companies. The integration will support a variety of customer engagement and communication using customer’s social network channels for insurance related transactions including issue of auto insurance ID cards, policy payment, serviceinquiries and more. Because of this merger, Majesco share price is trading at a rise of 8% at Rs. 528.70.
According to Jake Diner, CEO and Founder of Elafris, Chatbots and messengers are the way of the future. They are dedicated to help the insurance industry leverage this innovative technology and capability to cater to the changing customer demographics and expectations. He further added that they are excited about their partnership with Majesco and their commitment to the industry in innovating and transforming the business of insurance.
As per EVP of P&C Business, Majesco, Prateek Kumar, this technology will aid insurers rapidly offer a new option of communication with their present customers and help attract new customers who demand digital engagement.
Majesco share price opened at a hike of 42 points at Rs. 528.70 against its previous closing at Rs. 486.10. The stock touched the days high and low at Rs. 534.40 and Rs. 493.00. The 52 week high of the stock is seen at Rs. 789.00 on 12th Jan ’16 while the 52 week low is seen at Rs. 286.80 on 10th SEP ’15.
For more information refer to Majesco share price forecast.
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