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Insurance · head to head

Bold Penguin vs Majesco Policy for L&A

Bold Penguin logo

Bold Penguin

Insurance

Business insurance marketplace for brokers

From
Free
Rated
-
Full reviewWebsite
Majesco Policy for L&A logo

Majesco Policy for L&A

Insurance

Modern policy administration for life & annuity

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Bold Penguin has a free tier, so it costs nothing to try first.
  • Each has a real cost: Bold Penguin sold to brokers, carriers and MGAs rather than to the businesses buying insurance; Majesco Policy for L&A majesco Policy for L&A and Group publishes no price on its own brochure page; the entire page is built around "Request a Demo" and "Contact Us" links with no figure, tier name, or trial length given anywhere (archived brochure page, 18 May 2021)
  • They diverge on capability: Bold Penguin covers Multi-carrier quoting, Majesco Policy for L&A covers Policy administration.

Where they differ

Only the attributes on which Bold Penguin and Majesco Policy for L&A actually diverge.

Attributes where Bold Penguin and Majesco Policy for L&A differ
AttributeBold PenguinMajesco Policy for L&A
Starting priceFreeOn request
Pricing modeltransactionsubscription
Free tierYesNo
PlatformsWeb, Ios, AndroidWeb, Api
Founded20191982

Identical on both: user rating (Not yet rated), category (Insurance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Bold Penguin

  • Multi-carrier quoting
  • Instant quotes
  • Online binding
  • Customer portal
  • Commission tracking
  • Mobile app
  • API access
  • Reporting

Only in Majesco Policy for L&A

  • Policy administration
  • Product factory
  • New business processing
  • Underwriting workbench
  • In-force management
  • Claims processing
  • Billing integration
  • Agent portal

Both cover

  • Data encryption
  • Cloud deployment
  • Web support

What people use each for

The jobs each tool is most often brought in to do.

Bold Penguin

  • Routing and triaging commercial insurance submissionsnot Majesco Policy for L&A
  • Automating submission to bind through the Terminal platformnot Majesco Policy for L&A
  • Handling complex middle market submissions with SubmissionLinknot Majesco Policy for L&A
  • Policy checking with ClauseLinknot Majesco Policy for L&A

Majesco Policy for L&A

  • Policy administrationnot Bold Penguin
  • Product developmentnot Bold Penguin
  • New business processingnot Bold Penguin
  • In-force servicingnot Bold Penguin
  • Digital transformationnot Bold Penguin

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Bold Penguin

  • Sold to brokers, carriers and MGAs rather than to the businesses buying insurance
  • Pricing is not published

Majesco Policy for L&A

  • Majesco Policy for L&A and Group publishes no price on its own brochure page; the entire page is built around "Request a Demo" and "Contact Us" links with no figure, tier name, or trial length given anywhere (archived brochure page, 18 May 2021)

Pricing, plan by plan

Bold Penguin

Free
  • Broker AccessFree
    • Multi-carrier quotes
    • Instant quoting
    • Commission tracking

Majesco Policy for L&A

On request
  • Cloud Platform$undefined/year
    • Policy administration
    • Product configuration
    • New business processing
  • Enterprise$undefined/year
    • All Cloud features
    • Advanced underwriting
    • Custom integrations

Which should you pick?

Choose Bold Penguin if

  • You need multi-carrier quoting.
  • You want to start without paying.
  • You work on Web, Ios, Android.
  • You also want instant quotes.
Bold Penguin review

Choose Majesco Policy for L&A if

  • You need policy administration.
  • You work on Web, Api.
  • You also want product factory.
Majesco Policy for L&A review

Questions people ask

Is Bold Penguin or Majesco Policy for L&A better?
Neither clearly leads. Bold Penguin starts at Free and Majesco Policy for L&A at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Bold Penguin or Majesco Policy for L&A?
Bold Penguin has a free tier; the other does not. Paid plans start at Free for Bold Penguin and On request for Majesco Policy for L&A.
Does Bold Penguin or Majesco Policy for L&A run on more platforms?
Bold Penguin runs on Web, Ios, Android. Majesco Policy for L&A runs on Web, Api.
Can I use Bold Penguin for free?
Yes. Bold Penguin has a free tier, so you can try it without paying. Majesco Policy for L&A starts at On request.
What is Bold Penguin best used for?
Bold Penguin is most often used for routing and triaging commercial insurance submissions, automating submission to bind through the terminal platform, handling complex middle market submissions with submissionlink, policy checking with clauselink. Of those, routing and triaging commercial insurance submissions and automating submission to bind through the terminal platform are not what Majesco Policy for L&A is typically brought in for.
What can Bold Penguin do that Majesco Policy for L&A cannot?
Bold Penguin covers Multi-carrier quoting, Instant quotes, Online binding, Customer portal. Majesco Policy for L&A covers Policy administration, Product factory, New business processing, Underwriting workbench. Both handle Data encryption, Cloud deployment, Web support.
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