Majesco Policy Selected by Top Insurance Brokerage to Deliver New Book of Business in 30 Days
Majesco’s Pre-integrated ISO bureau content redefines speed to market
Morristown, NJ – September 22, 2015 – Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced that one of the US leading insurance brokerage firms which distributes a large portfolio of diversified insurance products and services has selected Majesco Policy and Majesco Content and Bureau Services to launch a new book of business within 30 days.
Majesco Policy is pre-defined and integrated with ISO bureau content for all lines of business and states, enabling speed to market opportunities for insurance companies to introduce new products and reach new markets quickly and cost effectively to capture market share. We expect that the new platform will further enable them to offer their clients new products quickly in a fast-changing market.
Ketan Mehta, CEO and co-founder of Majesco commented, “Flexibility, adaptability and speed to market continue to redefine leaders in the insurance market and we are thrilled to be the partner of choice for those leading this market transformation. We are excited to have this leading insurance brokerage join our growing and diverse base of customers which highlights the flexibility and robustness of our solutions.”
“Speed to market for new products is increasingly a strategic competitive factor for the insurance industry to capture market opportunities and drive growth,” said Manish Shah, EVP Products for Majesco. “The complexity of commercial and ISO based products has long been an inhibitor to product innovation and growth, but with Majesco’s pre-integrated and pre-defined products for all 50 states, we have innovated and simplified the environment to enable rapid product innovation and introduction to meet new market needs and help insurance companies seize growth opportunities effectively and efficiently in this fast-changing market.”
Majesco enables insurance business transformation for approximately 140 insurance customers by providing solutions which include software, consulting and services.
Our customers are insurers, MGA’s and other risk providers from the Property and Casualty, Life, Annuity and Group insurance segments worldwide. Majesco delivers proven software solutions, consulting and services in the core insurance areas such as policy, billing, claims, distribution management, BI/ analytics, digital, application management, cloud and more. For more details on Majesco, please visit www.majesco.com.
Director — Global Marketing
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Tara Dilzer Alexander
Director, Marketing Communications and Creative Services