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Majesco Policy for L&A vs Verisk

Majesco Policy for L&A logo

Majesco Policy for L&A

Insurance

Modern policy administration for life & annuity

From
On request
Rated
-
Full reviewWebsite
Verisk logo

Verisk

Insurance

Insurance data, ISO forms and rating content that most American P&C products are built on

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: 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); Verisk the ISO content has no real substitute for a carrier writing standard lines, so renewal negotiations start from a position where walking away is not credible.
  • They diverge on capability: Majesco Policy for L&A covers Policy administration, Verisk covers ISO forms and rating content.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

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

Attributes where Majesco Policy for L&A and Verisk differ
AttributeMajesco Policy for L&AVerisk
Pricing modelsubscriptionquote
PlatformsWeb, ApiWeb, API, Windows
Founded1982Unknown

Identical on both: starting price (On request), free tier (No), 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 Majesco Policy for L&A

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

Only in Verisk

  • ISO forms and rating content
  • ClaimSearch
  • Extreme event models
  • Property data
  • Xactimate
  • Underwriting analytics

What people use each for

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

Majesco Policy for L&A

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

Verisk

  • A carrier filing standard commercial lines products that must use recognised forms and loss costsnot Majesco Policy for L&A
  • A claims organisation checking submitted claims against the industry database for prior activitynot Majesco Policy for L&A
  • A property insurer pricing catastrophe exposure for reinsurance placementnot Majesco Policy for L&A
  • An MGA that needs bureau content without building and filing proprietary forms in every statenot Majesco Policy for L&A

Where each one falls short

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

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)

Verisk

  • The ISO content has no real substitute for a carrier writing standard lines, so renewal negotiations start from a position where walking away is not credible.
  • Pricing is negotiated separately per product and per line, and large insurers routinely find overlapping agreements across underwriting, claims and actuarial that nobody had counted together.
  • Circular updates to forms and loss costs must be loaded into your policy system on a schedule, which is recurring work that carriers with older platforms do partly by hand.
  • The breadth of the portfolio means account management is spread across product teams, so a problem in one service does not necessarily get attention from the people selling you another.
  • Usage-based components such as data prefill and claims searches make annual spend hard to forecast, and the variance lands in the year you grow fastest.

Pricing, plan by plan

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

Verisk

On request
  • Verisk Insurance Solutions$undefined/year
    • ISO forms and loss cost licensing
    • Data and analytics services by line
    • API access

Which should you pick?

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

Choose Verisk if

  • You need iso forms and rating content.
  • You work on Web, API, Windows.
  • You also want claimsearch.
Verisk review

Questions people ask

Is Majesco Policy for L&A or Verisk better?
Neither clearly leads. Majesco Policy for L&A starts at On request and Verisk at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Majesco Policy for L&A or Verisk?
Majesco Policy for L&A starts at On request and Verisk at On request.
Does Majesco Policy for L&A or Verisk run on more platforms?
Majesco Policy for L&A runs on Web, Api. Verisk runs on Web, API, Windows.
What is Majesco Policy for L&A best used for?
Majesco Policy for L&A is most often used for policy administration, product development, new business processing, in-force servicing. Of those, policy administration and product development are not what Verisk is typically brought in for.
What can Majesco Policy for L&A do that Verisk cannot?
Majesco Policy for L&A covers Policy administration, Product factory, New business processing, Underwriting workbench. Verisk covers ISO forms and rating content, ClaimSearch, Extreme event models, Property data.

Answered from the vendors’ own pages

Verisk: Can a carrier avoid ISO content entirely?

Only by developing and filing proprietary forms and rates, which a handful of large insurers do. For everyone else the filing and legal cost of independence exceeds the licence.

Verisk: Is Xactimate part of Verisk?

Yes. It came with the Xactware acquisition and is the dominant property claims estimating tool in North America, used by carriers and by the contractors they pay.

Verisk: Did Verisk sell off businesses?

Yes. It divested non-insurance units including its energy research business in 2023 and refocused on insurance data and analytics.

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