MajescoMastek Implements Commercial Lines Billing System for Tokio Marine Management
Comprehensive Insurance Solution to Increase Efficiencies Across the Board
NEW YORK, Aug. 31 /PRNewswire/ — MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited (NSE: MASTEK), announced today the official “go-live” of the Commercial Lines Billing implementation at Tokio Marine Management (TMM), U.S. manager for Japan’s oldest and largest property and casualty insurer.
The implementation of the Commercial Lines Billing system streamlines the billing process, increasing time and cost efficiencies for the company and its clients. Additionally, the new custom billing platform will provide additional capabilities, such as Agency Billing for the company.
“In today’s economy, customers are increasingly focused on reducing cost and increasing efficiency,” said Mike Dufton, President at MajescoMastek. “Working as a strategic partner, we were able to meet this need for TMM by aligning IT with the company’s goals.”
When the project was initiated, MajescoMastek was part of a multi-vendor consortium brought together to deliver the best of breed solution. By leveraging its global experience and proprietary knowledge in the insurance IT field, MajescoMastek became the sole solutions provider, successfully completing the transformation of TMM’s Commercial Lines Billing system.
“We recognized the need to implement a comprehensive insurance solution to decrease cost and improve performance,” said Fred Danback, CIO of TMM. “We cast a wide-net to find solutions providers who could help transform our current system and MajescoMastek had both the knowledge and capabilities to complete this complicated process.”
About Tokio Marine Management
Tokio Marine Management, Inc. is the U.S. manager for the U.S. insurance operations of Tokio Marine & Nichido Fire Insurance Co., Ltd.(Japan), Japan’s oldest and largest property and casualty insurer. Tokio Marine & Nichido Fire Insurance Co., Ltd. is a core member of Tokio Marine Holdings, Inc., an insurance holding company that has property and casualty and life insurance operations worldwide.
Tokio Marine Management does business through major insurance brokers and independent agents throughout the United States. Their clients range from main street to some of the largest organizations in the world.
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.
Tara Dilzer Alexander
Director, Marketing Communications and Creative Services