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Vector Policy Admin - MajescoMastek's Vector Policy Admin brings about business transformation by enabling its clients to reduce their total cost of administration, develop new products in a structured and simple fashion, quickly generate new premium income by reducing time to market and improve customer service standards for both new business and in-force transactions.
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Vector NBU: MajescoMastek's Vector New Business/Underwriting Solution (NBU) provides insurers with a powerful tool for processing all new business transactions from electronic application to automatic policy issuance in order to create underwriting efficiencies while improving mortality results. In other words, this process improves underwriting decision quality to help you reduce risk to your company.
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STG Billing: Billing systems and services have emerged as the new tool to deliver exceptional service that policyholders want, expect and demand. STG Billing is the industry's first specialized web based billing system, unlike traditional billing systems, STG Billing is not embedded in a monolithic policy administration system and can be utilized as an interfaced application into any existing processing system.
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STG Claims: Claims processing impacts both the cost parameters for the insurance company, as well as customer relationship issues. It's time to address customer needs without delay and without errors. STG Claims packages all requirements in its system in such a way that it straddles the best of benefits i.e. Reduced turnaround time and costs, increased efficiency, no transaction errors or inconsistency.
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STG Policy Admin: Our web based, rules driven Policy Admin system is designed to enable you to respond to customer needs faster. Unlike traditional legacy sytems which slow down your processing capabilities and your customer service staff, STG Policy Admin system offers the administrative functionality you need to underwrite policies effeciently and bring new products to market faster.
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Elixir Distribution Management: Modern compensation systems such as Elixir DM provide accurate and timely payouts that reduce sales disputes and increase sales productivity. The system supports multiple distribution channels and product lines and supports complex compensation plans and types of compensations. The future proof technology of Elixir DM enables seamless integration with multiple platforms and supports high transaction volumes.
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MajescoMastek in Insurance: MajescoMastek is a unique technology solutions company that believes in leveraging technology as a tool to deliver dependable products and solutions. We implement innovative ideas to existing business problems and deliver business trnsformation to insurance carriers, be it in controlling costs, improving response to marker and competition changes or in providing better customer service.
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