MajescoMastek’s STG Insurance Suite Platform will handle personal auto administration
NEW YORK, N.Y. – Nov. 5, 2008 – MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek (NSE: MASTEK), today announced that the STG Insurance Suite, in its ready-to-deploy Application Service Provider (ASP) model, has gone live for The Responsive Auto Insurance Company, and will handle the carrier’s personal auto business in the state of Florida.
Established in 2007 as a regional carrier providing non-standard personal automobile insurance, The Responsive was looking for a state-of-the-art, comprehensive administration system that would give them a competitive advantage over other auto insurers. Since The Responsive’s independent agents handle their own administrative functions, the company also needed a user-friendly system with efficient back-office processes. After an extensive search for the right vendor, the company determined that the STG Insurance Suite’s pointof- sale, claims, policy administration, billing and accounts receivable solution met those criteria.
According to The Responsive’s President and co-founder, Victor Arocho, “We were looking for a vendor that understood the P&C domain as well as we do. The STG Insurance Suite was our solution of choice because it was industry time-tested and approved, met all our system and business criteria by offering very robust and efficient options, and was extremely cost effective. In short, it was everything we were looking for in a system.”
He further explained, “We wanted a long-term partner that could provide a comprehensive system like the STG Insurance Suite and help us achieve speed-to-market. As a relatively new industry player, this was of great importance to us. We are very pleased with the support that MajescoMastek has provided thus far in helping us achieve these goals.”
MajescoMastek offers a number of proven solutions that enable business transformation for insurance carriers. For more than 17 years, the company has been serving the U.S. insurance industry and has a track record of 100 percent success in all their implementations. Through its STG Insurance Suite, MajescoMastek has led the market in providing IP-based enterprise solutions and services to customers of all sizes in the P&C insurance industry since 1991. Applications are tightly integrated, yet flexible and adaptable. The Suite is scalable, secure and capable of supporting a broad spectrum of business, operational and distribution models, and successfully powers the operations of more than 40 customers, processing over $3 billion in premium volume. “Partnering with The Responsive is helping us enhance our base system,” said William McCarter, president of the Property and Casualty division of MajescoMastek. “This implementation is resulting in new functional capabilities that are adding another level of depth to our product. And this partnership has helped us improve our visibility in the Florida auto market.”
About The Responsive Auto Insurance Company
Headquartered in Fort Lauderdale, Florida, The Responsive Auto Insurance Company was founded by John Machul and Victor Arocho, insurance industry veterans with more than 27 years of experience. The Responsive seeks to become America’s top choice for individuals seeking to meet their state’s mandatory auto insurance coverage requirements by offering competitively priced products and services through a network of highly qualified independent insurance agents. The company prides itself in its culture of innovation, agility, performance, quality, meritocracy, and life balance. For more information, visit www.responsiveauto.com.
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