Majesco Quadruples AI Investment for Enhanced P&C Insurance Platform in 2026
Majesco, a core system and insurance platform provider based in Morristown, New Jersey, announced a significant increase in its investment in artificial intelligence (AI) technologies for 2026, specifically targeting the property/casualty (P&C) insurance segment. The company plans to quadruple its AI investment to expedite the development of its next-generation AI-native SaaS cloud platform designed to enhance speed, scalability, and business value for P&C insurers. This investment aligns with Majesco's strategic focus on strengthening its product offerings and accelerating delivery timelines, following its recent expansion into life and annuity/health (L&AH) markets. The increased funding will support advancements across the platform's core infrastructure, data management, and user experience layers, including enhancements to Majesco Copilot and agentic AI features. Key objectives of the platform redevelopment include reducing implementation timelines, enhancing self-service capabilities, lowering total cost of ownership, and embedding continuous intelligence into underwriting, billing, policy management, claims, and loss control processes. Majesco emphasizes the importance of AI-native platforms that are secure, governed, and scalable to help insurers operate more efficiently, respond faster to market changes, and improve profitability. Majesco's cloud-native platform already serves a broad customer base across P&C and L&AH segments and has been recognized as an AI leader in both markets by Quadrant Knowledge Solutions in 2025. The company's roadmap for 2026 reflects a commitment to innovation and delivering tangible improvements to its P&C customers in a relatively short timeframe. The announcement also comes alongside Majesco's plans to acquire Vitech, which will expand its portfolio and reach particularly in the L&AH and retirement sectors. This broader strategy indicates Majesco's ongoing efforts to provide integrated and advanced insurance technology solutions across multiple insurance lines.