Insurance Leaders Outpace Peers with Strategic Modernization, Majesco Report Finds
Event summary
- Majesco's 2026 Strategic Priorities Report highlights widening performance gaps between insurance industry leaders and laggards.
- Leaders investing in six key strategic initiatives see up to 1.67X growth uplift compared to peers.
- Report identifies operational costs, legacy systems, and talent challenges as top industry concerns.
- Six years of data show consistent outperformance for insurers making bold strategic moves.
- Majesco positions itself as leader in AI-native insurance software solutions.
The big picture
The report underscores a fundamental shift in the insurance industry where technology modernization and strategic investment are no longer optional but essential for competitive survival. Majesco's findings suggest that insurers operating on 20th-century models face increasing risk as leaders accelerate their transformation efforts. The data reveals a persistent compounding advantage for those making bold strategic moves, particularly in AI and cloud-native solutions.
What we're watching
- Execution Gap
- How the widening performance gap between leaders and laggards will evolve as modernization efforts progress.
- Legacy Debt
- The pace at which insurers can overcome the financial and operational drag of outdated systems.
- Talent Shortage
- Whether insurers can address critical talent gaps while modernizing their operations.
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