RVOS Insurance Transforms Business on Majesco P&C Suite
All Lines of Business Live on Majesco P&C Suite
Morristown, NJ Sep 30, 2015: Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced that RVOS Insurance (RVOS) successfully completed their business transformation initiative on the back of Majesco P&C Suite, going live with all eight lines of business including farm and ranch, homeowners (standard and high risk), Texas dwelling policy, comprehensive personal liability, farm liability, commercial general liability, and commercial property policy. This final milestone completes their core systems modernization strategic initiative which included all components of the Majesco P&C Suite including policy, rating, underwriting, billing and claims.
“Our strategic objective was to modernize our business with a comprehensive suite of core systems that would be a platform for growth. We achieved this through a strong partnership with Majesco, utilizing their deep expertise of the diverse P&C insurance business. The Majesco P&C suite delivered extensive out-of-the-box capabilities to jump-start the project while also being flexible through the configuration capabilities that enabled us to meet our unique and competitive product and processing needs. The completion of this strategic initiative marks a significant accomplishment for RVOS and opens the door for us to compete in today’s changing marketplace” said Wiley Shockley, President at RVOS Insurance.
“We congratulate RVOS on their successful business transformation initiative and are proud to be their strategic partner. We will continue to support RVOS with our broad range of solutions, helping them continue their transformation journey through a mutually beneficial partnership” said Ed Ossie, COO at Majesco
Majesco P&C Suite is designed to help insurance carriers increase responsiveness while reducing operating costs through an affordable and flexible set of core insurance applications that combine into a powerful suite with advanced technology. Majesco P&C Suite includes policy, rating, underwriting, billing and claims.
About RVOS Insurance
RVOS Farm Mutual Insurance Company (RVOS) was formed in 1901 by a group of farmers and ranchers. RVOS is located in Temple, Texas. RVOS is a financially stable company with over $13 billion of insurance in force and maintains adequate capitalization, a conservative investment philosophy and a long-term presence in Texas. Our focus is to provide quality property insurance products to our policyholders through sound management and customer service at an exceptional level that surpasses the competition in an ever changing technological and overall industry environment.
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