Software · head to head
Insurity Suite vs Majesco Policy for L&A
Insurity Suite
Software
End-to-end insurance software for modern carriers
- 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: Insurity Suite subscription pricing based on modules and users with no transparent public pricing; 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: Insurity Suite covers Policy lifecycle management, Majesco Policy for L&A covers Policy administration.
Where they differ
Only the attributes on which Insurity Suite and Majesco Policy for L&A actually diverge.
| Attribute | Insurity Suite | Majesco Policy for L&A |
|---|---|---|
| Platforms | Web, Api, Mobile | Web, Api |
| Founded | 2015 | 1982 |
Identical on both: starting price (On request), pricing model (subscription), 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 Insurity Suite
- Policy lifecycle management
- Claims automation
- Billing and payments
- Document management
- Reinsurance management
- Regulatory compliance
- Analytics dashboard
- Salesforce
Only in Majesco Policy for L&A
- Policy administration
- Product factory
- New business processing
- In-force management
- Claims processing
- Billing integration
- Agent portal
- Majesco ClaimCore
Both cover
- Underwriting workbench
- SOC2
- ISO27001
- Data encryption
- Cloud deployment
What people use each for
The jobs each tool is most often brought in to do.
Insurity Suite
- Policy administration
- Claims processingnot Majesco Policy for L&A
- Digital transformation
- Legacy modernizationnot Majesco Policy for L&A
Majesco Policy for L&A
- Policy administration
- Product developmentnot Insurity Suite
- New business processingnot Insurity Suite
- In-force servicingnot Insurity Suite
- Digital transformation
Both are used for policy administration, digital transformation, 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.
Insurity Suite
- Subscription pricing based on modules and users with no transparent public pricing
- Requires significant implementation and configuration to launch new products
- Targeted primarily at MGAs and specialty carriers, not small independent agents
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
Insurity Suite
On request- Core$undefined/month
- Policy administration
- Claims processing
- Billing management
- Enterprise$undefined/month
- All Core features
- Advanced analytics
- Custom integrations
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 Insurity Suite if
- You need policy lifecycle management.
- You work on Web, Api, Mobile.
- You also want claims automation.
Choose Majesco Policy for L&A if
- You need policy administration.
- You work on Web, Api.
- You also want product factory.
Questions people ask
- Is Insurity Suite or Majesco Policy for L&A better?
- Neither clearly leads. Insurity Suite 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, Insurity Suite or Majesco Policy for L&A?
- Insurity Suite starts at On request and Majesco Policy for L&A at On request.
- Does Insurity Suite or Majesco Policy for L&A run on more platforms?
- Insurity Suite runs on Web, Api, Mobile. Majesco Policy for L&A runs on Web, Api.
- What is Insurity Suite best used for?
- Insurity Suite is most often used for policy administration, claims processing, digital transformation, legacy modernization. Of those, claims processing and legacy modernization are not what Majesco Policy for L&A is typically brought in for.
- What can Insurity Suite do that Majesco Policy for L&A cannot?
- Insurity Suite covers Policy lifecycle management, Claims automation, Billing and payments, Document management. Majesco Policy for L&A covers Policy administration, Product factory, New business processing, In-force management. Both handle Underwriting workbench, SOC2, ISO27001, Data encryption.
Answered from the vendors’ own pages
Insurity Suite: What does Insurity Pro Suite provide?
Insurity Pro Suite is a modular core platform for growing carriers and MGAs, providing enterprise-grade policy administration, integrated billing and accounting, and end-to-end claims management. It supports 20+ commercial and personal lines, E&S, and Lloyd's products.
SourceInsurity Suite: What is Insurity's Sure Personal Suite?
Insurity Sure Personal Suite provides cost-effective policy, billing, and claims solutions specifically designed for personal lines property and casualty carriers.
SourceInsurity Suite: Does Insurity use AI for underwriting?
Yes. Insurity Pro Suite includes an AI-powered risk assistant that identifies profitable submissions through risk scoring, evaluates submission data using artificial intelligence, and provides instant profitability scores to prioritize high-value risks.
SourceInsurity Suite: What claims processing speed does Insurity deliver?
Insurity enables digital claims payments that issue claim settlements in under thirty seconds via integrated ACH, virtual cards, or real-time payment processing rails.
SourceInsurity Suite: Does Insurity offer workflow configuration without coding?
Yes. Insurity provides workflow configuration that allows business users to modify underwriting and claims workflows through a visual interface without requiring software code or IT involvement.
Source