Software · head to head
Guidewire InsuranceNow vs Majesco Policy for L&A
Guidewire InsuranceNow
Software
Cloud platform for modern insurance operations
- From
- On request
- Rated
- -
Majesco Policy for L&A
Software
Modern policy administration for life & annuity
- From
- On request
- Rated
- -
The short version
- Each has a real cost: Guidewire InsuranceNow pricing is not published; sold by quote through a sales process; 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: Guidewire InsuranceNow covers Claims management, Majesco Policy for L&A covers Product factory.
Where they differ
Only the attributes on which Guidewire InsuranceNow and Majesco Policy for L&A actually diverge.
| Attribute | Guidewire InsuranceNow | Majesco Policy for L&A |
|---|---|---|
| Pricing model | quote | subscription |
| Platforms | Web | Web, Api |
| Founded | 2003 | 1982 |
Identical on both: starting price (On request), free tier (No), user rating (Not yet rated), category (Unknown).
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 Guidewire InsuranceNow
- Claims management
- Billing
- Customer portal
- Digital underwriting
- Mobile capabilities
- Real-time analytics
- Document management
- Salesforce
Only in Majesco Policy for L&A
- Product factory
- New business processing
- Underwriting workbench
- In-force management
- Claims processing
- Billing integration
- Agent portal
- Majesco ClaimCore
Both cover
- Policy administration
- SOC2
- ISO27001
- Data encryption
- Cloud deployment
- Web support
What people use each for
The jobs each tool is most often brought in to do.
Guidewire InsuranceNow
- Policy administration
- Claims managementnot Majesco Policy for L&A
- Rapid implementation for regional and super-regional insurersnot Majesco Policy for L&A
- Cost reduction and operational efficiencynot Majesco Policy for L&A
Majesco Policy for L&A
- Policy administration
- Product developmentnot Guidewire InsuranceNow
- New business processingnot Guidewire InsuranceNow
- In-force servicingnot Guidewire InsuranceNow
- Digital transformationnot Guidewire InsuranceNow
Both are used for policy administration, on those jobs the choice comes down to price and fit rather than capability.
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Guidewire InsuranceNow
- Pricing is not published; sold by quote through a sales process
- Cloud-only deployment; no on-premises option
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
Guidewire InsuranceNow
On requestNo published plan breakdown. See the Guidewire InsuranceNow review.
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 Guidewire InsuranceNow if
- You need claims management.
- You also want billing.
Choose Majesco Policy for L&A if
- You need product factory.
- You work on Web, Api.
- You also want new business processing.
Questions people ask
- Is Guidewire InsuranceNow or Majesco Policy for L&A better?
- Neither clearly leads. Guidewire InsuranceNow 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, Guidewire InsuranceNow or Majesco Policy for L&A?
- Guidewire InsuranceNow starts at On request and Majesco Policy for L&A at On request.
- Does Guidewire InsuranceNow or Majesco Policy for L&A run on more platforms?
- Guidewire InsuranceNow runs on Web. Majesco Policy for L&A runs on Web, Api.
- What is Guidewire InsuranceNow best used for?
- Guidewire InsuranceNow is most often used for policy administration, claims management, rapid implementation for regional and super-regional insurers, cost reduction and operational efficiency. Of those, claims management and rapid implementation for regional and super-regional insurers are not what Majesco Policy for L&A is typically brought in for.
- What can Guidewire InsuranceNow do that Majesco Policy for L&A cannot?
- Guidewire InsuranceNow covers Claims management, Billing, Customer portal, Digital underwriting. Majesco Policy for L&A covers Product factory, New business processing, Underwriting workbench, In-force management. Both handle Policy administration, SOC2, ISO27001, Data encryption.