Top Ten North America Insurer Expands Relationship with Majesco into Commercial Lines
Highlights Majesco Billing’s market differentiation to support all lines of business and enable customer engagement strategies
Morristown, NJ – December 2, 2015 – Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced the expansion of their relationship with a top ten North America Insurer to their commercial lines business to implement Majesco Billing.
“We are pleased to expand our relationship with this market leading organization,” commented Ketan Mehta, CEO & Co-founder of Majesco. “As the market continues to adapt to changing customer engagement demands, billing is often at the center of this change requiring a solution that will support all lines of business across the enterprise. This expanded relationship highlights Majesco Billing’s ability to support new customer engagement strategies, breaking down the silos of lines of business.”
Insurers realize the strong role that billing has in enabling new customer engagement strategies to create best-in-class service that meet higher expectation levels as well as support distribution channel relationships. In particular, large tier one insurers are coordinating their product offerings between lines of business to have sales and service across lines of business transparent to customers and distribution.
Majesco Billing is recognized by industry analysts as the market leading billing solution supporting all lines of business across P&C, L&A and Group, critical in helping insurers achieve new customer engagement demands and service expectations. Majesco Billing was recognized by Celent with the XCelent award for advanced technology, highlighting the robust capabilities for insurers across all lines of business.
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
Cautionary Language Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Majesco’s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under “Item 1A – Risk Factors” in Majesco’s Annual Report on Form 10-K.
Important factors that could cause actual results to differ materially from those described in forward-looking statements contained in this press release include, but are not limited to: integration risks; changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax matters; technology development risks; intellectual property rights risks; competition risks; additional scrutiny and increased expenses as a result of being a public company; the financial condition, financing requirements, prospects and cash flow of Majesco; loss of strategic relationships; changes in laws or regulations affecting the insurance industry in particular; restrictions on immigration; the ability and cost of retaining and recruiting key personnel; the ability to attract new clients and retain them and the risk of loss of large customers; continued compliance with evolving laws; customer data and cybersecurity risk; and Majesco’s ability to raise capital to fund future growth.
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Tara Dilzer Alexander
Director, Marketing Communications and Creative Services