Majesco in the News
MORRISTOWN, N.J.--(Business Wire)--Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced that Glemham, a UK-based Managing General Agent (MGA), implemented Majesco CloudInsurer as the foundation of their new cloud based bureau processing business.
On full roll out, the new bureau business is expected to enable significant reduction in the cost of transacting general insurance in the UK market by reducing operational processing expense ratios by up to 12 percentage points. The platform will deliver Net Rated products to all distribution channels, supporting full cycle processing across the Internet. The initial implementation provides commercial lines insurance to both the broker channel and direct to the small medium enterprise (SME) markets.