Navi Mumbai, March 21, 2018 - Majesco Limited (www.majesco.com), a global provider of software and consulting services for insurance business transformation today announced that a India health insurer implemented Majesco Distribution Management as the foundation of their distribution transformation.
The health insurer, part of a leading diversified financial services group in India, implemented Majesco Distribution Management and a portal using Majesco Digital Solutions to manage their various distribution channels and enhance online engagement with their distributors and other stakeholders. The solution provides fully configurable dashboards, information on customers, commissions, incentives, performance KPIs, with entire portfolio management. Uniquely, the ‘Portal and Mobile App’ was developed for distributors which provides quote and policy buying capabilities that can be customized by channel.
"We welcome this health insurer to our growing community of global clients for Majesco Distribution Management and thank them for their confidence in our team and solution. Distribution management is a critical business capability in today’s dynamic channel management space. It is also needed to support growth strategies and we are elated to be partnering with an innovative health insurer. ” said, Farid Kazani, Managing Director, Majesco Limited.
Majesco Distribution Management is a standalone, modern solution that enables insurance carriers to manage the entire distribution landscape with comprehensive business capabilities that enable diverse channel options, supports the increasing need of a multi-channel environment, effectively administer channel producers from registration to termination, compensation and performance management, and launch innovative contests and personalize payment schedules for producers to help drive business growth. The highly configurable platform enables ease of integration within the insurance carrier’s business system landscape.
Insurance business transformation is a journey of change and revitalization, a renaissance of Insurance. Approximately 170 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 modeling, 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.
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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.
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