Insurance

Elevating API capabilities for insurers

Achieve Economy of Scale with Multi-Tenant Majesco L&AH Suite for TPAs and BPO Providers
Written by Usdng

Insurers are expanding their roles to meet new needs and improve experiences.  APIs have a part to play in improving what insurers do and are critical to digital enablement. The logic behind API use is that it is the best blend of forward-thinking technology and current IT course correction to catapult insurers into the future of connected, digital, real-time insurance. Majesco has been actively working on an API Management Platform that will carry insurers into the future.

Enterprise API Management Platform for Your Ecosystem

In our Fall ’22 Release, we introduced Majesco’s API Management (APIM), a comprehensive platform for managing all APIs for Majesco Solutions. With three components to help browse, serve, and publish APIs, APIM provides a secure and scalable gateway to access thousands of Majesco APIs. Enterprise tools, API Store and API Administrator provide ability to discover and browse API specifications, orchestrate APIs to build and publish custom APIs as well as govern and monitor API usage for subscribers, such as agents with intuitive tools. 

Carriers are rapidly embracing APIs as key connectivity levers for their enterprise business solutions. A unified API management tool is crucial to manage, monitor, access, provision and tend to a growing catalogue of APIs. With Majesco’s API Management, customers will have complete visibility into their API’s health, ability to seamlessly use and configure APIs to ease their systemic interactions, and ultimately, rapid & simplified access to their API environments.

Key highlights on API Management:

  • API Portal for searching and browsing thousands of Majesco APIs organized by Majesco Products and environments
  • View API specifications in Industry-standard format based on the version of Majesco software with ability to test
  • Govern API Policies (quota limits, throttling, access etc.) per subscriber
  • Visual tools for building and publishing new APIs by orchestrating existing Majesco APIs
  • Monitor API availability, response times, calls and other important metrics

APIs enable digital experiences, simplify application integration, underpin new digital products, and make data and services reusable and universally accessible. At Majesco, we are committed to an API-centric enterprise for our clients and setting them up for success to always be ready to focus on their big strategic initiatives.

Do you have any additional thoughts or questions on this topic? Drop a comment or reach out to our product teams.