Press Release

Tier One Insurer Selects Majesco as Strategic Partner for their Modernization Program

Majesco Consulting Services frameworks, assets and in-depth industry knowledge to help drive strategic business outcomes

Morristown, NJ – March 23, 2017–Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced that a tier one insurer has selected Majesco following an extensive evaluation as their strategic partner for the multi-year modernization program.

As a part of the agreement, the insurer will leverage Majesco’s enterprise consulting services and the business transformation framework, application development & management services and the technical reference architecture, and testing services with the automation test framework and testing repository to support the vision laid out by the company for their underwriting and policy platform.

The insurer has been in business for a significant time, working with individuals and businesses to provide innovative insurance solutions for niche market segments. The needs of these markets require the ability to deploy new products quickly to meet the unique needs of these niche markets.

“We are honored and excited to be the strategic partner for this insurer as they begin their modernization journey,” commented Ganesh Pai, EVP of Consulting Services for Majesco.  “Our rich, integrated set of insurance-specific frameworks and assets will enable agility, innovation and speed while helping deliver optimum insurance business outcomes for them.  We look forward to a successful partnership with them.”

Majesco Consulting Services provides strategic, value-added services based on industry-specific frameworks, assets, and expertise to help insurers accelerate their business priorities and drive achievement of critical business or project outcomes.  Majesco services include Majesco Enterprise Consulting, Majesco Digital Services, Majesco Data Services, Majesco Application Development and Management (ADM) Services and Majesco Testing Services.

 

About Majesco

Insurance business transformation is a journey of change and revitalization, a renaissance of insurance.  Approximately 150 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 modelling, 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.

Media Contact

Majesco
Tara Dilzer Alexander
Director, Marketing Communications and Creative Services
Phone: +1-718-916-6873
Email: tara.dilzeralexander@majesco.com

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