OpenRoad Insurance Partners with Majesco to Revolutionize Collector Vehicle Insurance

June 18, 2024 | OpenRoad Insurance, an emerging collector vehicle insurer, has teamed up with Majesco, a renowned provider of cloud insurance platform software.

Majesco announced that OpenRoad Insurance has chosen its P&C Intelligent Core Suite and digital solutions to kickstart and expedite the growth of their new business. This collaboration is set to provide a modernised digital experience for OpenRoad’s clients and agent partners.

The partnership aims to launch OpenRoad across selected U.S. states later this summer, offering a fresh choice for classic and modern collector vehicle policyholders. The program boasts superior coverage including all standard auto insurance protections and additional features tailored for collector cars.

OpenRoad plans to introduce a highly differentiated insurance program for the auto enthusiast community. This initiative promises more choice, comprehensive coverage, and fair pricing, all embedded within an industry-leading digital user experience.

Majesco is positioned as a pivotal force in the insurance tech industry, equipping insurers from startups to global giants with advanced SaaS platform solutions. Their technology, combined with deep industry insight, helps insurers meet current demands while preparing for future challenges.

By utilising Majesco’s next-generation solutions and Copilot, a leading Gen AI assistant, OpenRoad is poised to offer unparalleled service and efficiency. This technology integration will streamline operations, enhance user experiences, and significantly reduce overhead costs, allowing savings to be passed on to customers.

Richard Hutchinson, CEO and founder of OpenRoad Insurance, expressed enthusiasm about the venture: “We are thrilled to be able to offer the auto enthusiast community more choice, comprehensive coverage, and the fair pricing that they deserve; all of which is housed in an industry leading digital user experience.

“With Majesco’s advanced technology, focus on innovation, and deep industry knowledge, we can provide unparalleled service and streamline workflows to reduce our overhead costs and pass even more savings along to our customers.”

Similarly, Jim Miller, chief revenue officer at Majesco, highlighted the mutual benefits of the collaboration: “We are thrilled to embark on this exciting journey with OpenRoad Insurance, helping them accelerate their growth as a valued customer. Together, we look forward to driving innovation, enhancing customer experiences, and deliver cutting-edge solutions to meet their unique insurance needs.”