InsurTech Start-up Insurer Selects Majesco Policy for P&C and Majesco Billing on Majesco CloudInsurer Platform
Majesco CloudInsurer platform will support their personal market launch and growth strategies via a SaaS model
Morristown, NJ – March 20, 2017 – Majesco (NYSE American: MJCO), a global provider of core insurance software and consulting services for insurance business transformation, today announced that an InsurTech start-up based in California, selected Majesco Policy for P&C and Majesco Billing on the Majesco CloudInsurer platform to support their launch and growth strategies in a SaaS model.
The start-up will write personal lines (Auto, Home, Dwelling Fire and Umbrella) insurance in California through their agent network. A rapid four month evaluation of vendor options resulted in the selection of Majesco as their strategic partner, based on Majesco’s cloud platform maturity and referenceable customers, and well-rounded capabilities for policy, billing, agent access, and data integration with key partners and data service providers.
“We are honored to welcome this innovative new start-up to our customer community,” commented Ed Ossie, COO for Majesco. “As the insurance industry shifts business platforms in Digital Insurance 2.0, we are excited to be working with new, innovative companies that are aggressively executing strategies to capture these new market opportunities focused on rapid launch. We are committed to making core system platform ecosystems friendly with API-first design, ability to cost-effectively scale in the cloud, and architected for seamless and frequent upgrades. We are excited to be this InsurTech start-up’s partner of choice as they begin their journey.”
Majesco CloudInsurer leverages Majesco’s experience with over 35 cloud customers, providing a business platform with broad appeal for all insurers from greenfields, new start-ups and incubators to mid-market and tier one insurers. Majesco CloudInsurer provides a core insurance software platform leveraging Majesco core solutions including Majesco Policy, Majesco Billing, and Majesco Claims. Majesco Policy for P&C provides pre-configured ISO content, including all rates, rules, forms, taxes, fees, and surcharges for 52 jurisdictions (including DC and Puerto Rico), and provides a well-experienced monthly bureau content update service. Together, the preconfigured bureau content and Majesco Bureau and Content Update Services are designed to provide agility, rapid product innovation, and speed to market, enabling insurance companies to introduce new products and reach new markets quickly and cost effectively. Majesco Enterprise Data Warehouse is pre-integrated with the Majesco P&C software portfolio.
Insurance business transformation is a journey of change and revitalization, a renaissance of Insurance. Approximately 160 insurance companies worldwide in P&C, L&A and Group/ Employee Benefits are transforming their businesses with Majesco’s solutions. Our market leading software, consulting and services uniquely underpin the entire insurance value chain and are designed to empower insurers with the agility, innovation and speed needed to meet their transformation opportunities. Majesco’s solutions include policy management, new business / underwriting, rating, billing, claims management, distribution management, BI/ analytics, predictive modeling, digital platform with mobile and portal, testing services, cloud services, bureau and content services, transformation services, consulting services and more. For more details on Majesco, please visit www.majesco.com.
Director, Market Research and Content Development
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Tara Dilzer Alexander
Director, Marketing Communications and Creative Services