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Insurance · head to head

Five Sigma vs Majesco Policy for L&A

Five Sigma logo

Five Sigma

Insurance

Cloud claims management with decision support aimed at insurers who cannot fund a full core programme

From
On request
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

  • Each has a real cost: Five Sigma the reference base is small compared with established claims vendors, so procurement and audit committees will ask for viability assurances you cannot fully answer.; 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: Five Sigma covers Claim file management, Majesco Policy for L&A covers Policy administration.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Five Sigma and Majesco Policy for L&A actually diverge.

Attributes where Five Sigma and Majesco Policy for L&A differ
AttributeFive SigmaMajesco Policy for L&A
Pricing modelquotesubscription
FoundedUnknown1982

Identical on both: starting price (On request), free tier (No), platforms (Web, API), 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 Five Sigma

  • Claim file management
  • Automation rules
  • Adjuster decision support
  • Vendor and litigation management
  • Configurable lines
  • Reporting and data export

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

What people use each for

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

Five Sigma

  • A third-party administrator replacing a homegrown claims system without a multi-year programmenot Majesco Policy for L&A
  • An MGA taking claims handling in house from a delegated authority arrangementnot Majesco Policy for L&A
  • A mid-sized carrier that needs a modern claims system but cannot fund a core suite replacementnot Majesco Policy for L&A
  • A programme business that must report claims data to capacity providers in a consistent formatnot Majesco Policy for L&A

Majesco Policy for L&A

  • Policy administrationnot Five Sigma
  • Product developmentnot Five Sigma
  • New business processingnot Five Sigma
  • In-force servicingnot Five Sigma
  • Digital transformationnot Five Sigma

Where each one falls short

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

Five Sigma

  • The reference base is small compared with established claims vendors, so procurement and audit committees will ask for viability assurances you cannot fully answer.
  • Automation benefits depend entirely on your claim mix, and a book with high-complexity liability claims sees far less handling time reduction than a high-volume property book.
  • There is almost no third-party integrator market, so implementation, configuration and later changes route through the vendor and its capacity becomes your constraint.
  • Deep integration with legacy policy systems is your responsibility, and claims platforms are only as useful as the policy and coverage data flowing into them.
  • Regulatory reporting for many United States states is not as complete out of the box as it is on platforms that have served American carriers for decades, so expect some reporting build.

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

Five Sigma

On request
  • Five Sigma Claims$undefined/year
    • Claims administration
    • Automation and decision support
    • Configurable lines of business

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 Five Sigma if

  • You need claim file management.
  • You work on Web, API.
  • You also want automation rules.
Five Sigma 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 Five Sigma or Majesco Policy for L&A better?
Neither clearly leads. Five Sigma starts at On request 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, Five Sigma or Majesco Policy for L&A?
Five Sigma starts at On request and Majesco Policy for L&A at On request.
Does Five Sigma or Majesco Policy for L&A run on more platforms?
Five Sigma runs on Web, API. Majesco Policy for L&A runs on Web, Api.
What is Five Sigma best used for?
Five Sigma is most often used for a third-party administrator replacing a homegrown claims system without a multi-year programme, an mga taking claims handling in house from a delegated authority arrangement, a mid-sized carrier that needs a modern claims system but cannot fund a core suite replacement, a programme business that must report claims data to capacity providers in a consistent format. Of those, a third-party administrator replacing a homegrown claims system without a multi-year programme and an mga taking claims handling in house from a delegated authority arrangement are not what Majesco Policy for L&A is typically brought in for.
What can Five Sigma do that Majesco Policy for L&A cannot?
Five Sigma covers Claim file management, Automation rules, Adjuster decision support, Vendor and litigation management. Majesco Policy for L&A covers Policy administration, Product factory, New business processing, Underwriting workbench.

Answered from the vendors’ own pages

Five Sigma: Who is the typical buyer?

Third-party administrators, MGAs and small to mid-sized carriers that need a real claims system without a core suite budget.

Five Sigma: How does it compare with Guidewire ClaimCenter?

ClaimCenter has far more depth, references and integrator support, and costs correspondingly more with a longer implementation. Five Sigma competes on time to live.

Five Sigma: What should we test in a pilot?

Adjuster handling time on your own claim mix. The commercial case rests on that measurement, not on the feature list.

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