Press Release

Amerisure goes live with MajescoMastek’s STG Billing system

NEW YORK, May 31, 2011 – MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited (NSE: MASTEK), announced today that Amerisure Mutual Insurance Company, based in Farmington Hills, MI, has gone live with its STG Billing and Collections Solutions.

“We are very pleased with the STG Billing solution and MajescoMastek as a technology solution partner. Our overall business, agency channel and clients are already seeing benefits from the system, which will only improve over time,” said Tim Quinn, VP of Treasury and Finance at Amerisure. The modern, enterprise-wide billing solution is allowing us to focus on higher value company and customer service initiatives.”

Given Amerisure’s diverse business portfolio, the company was forced to use a number of different legacy billing systems that were hindering their ability to provide the desired level of customer service and to grow their business. After reviewing a number of billing solutions, Amerisure selected MajescoMastek’s STG Billing solution for its ability to support direct bill, agency bill and some of Amerisure’s other unique billing requirements pertaining to their Commercial and Workers Compensation books of business

“The STG Billing solution has been in production at Amerisure for some time now and we are excited by the positive impact Amerisure is reporting in terms of business process efficiencies,” said Anil Chitale, senior vice president of the P&C division for MajescoMastek. “We are thrilled that they are realizing the business benefits they set out to achieve.”

STG Billing contains tools to define custom business rules and design payment, collection and delinquency plans, creating organization-specific solutions that increase the business value of IT systems. Flexible workflow management streamlines the collection of payments, increasing cash flow without sacrificing accuracy or consistency. The ability to support multiple channels and levels of billing brings the value of STG Billing to more areas of the business process than ever before.

About Amerisure Mutual Insurance Company

Amerisure Mutual Insurance Company, a stock insurer and its affiliates, is a property and casualty insurance group with experience insuring American businesses since 1912. Amerisure targets mid-sized commercial enterprises in manufacturing, construction and healthcare through strategically located Core Service Centers across the United States. Amerisure has been consistently recognized for five consecutive years as one of the top 50 P&C companies in the country by Ward group. For more information, visit www.amerisure.com.

About Majesco

Majesco is a provider of core insurance technology software and IT services to insurance carriers (P&C and Life, Annuity, Group) globally. Majesco delivers proven software solutions and IT services in core insurance areas including policy administration, billing, claims and distribution.

Media Contact

Majesco
Tara Dilzer Alexander
Director, Marketing Communications and Creative Services
Phone: +1-718-916-6873
Email: tara.dilzeralexander@majesco.com

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