Dublin, Ireland – 1st June 2016. Majesco, an award-winning specialist solution provider for the life and pensions industry, has announced that Police Mutual has successfully gone live with its Majesco Life AdminPlus and Majesco Life IllustratePlus solutions.
The renewable five year licence agreement marked the fourth of six licence sales for Majesco Europe over the past twelve months.
The multi-million pound Policy Administration System will allow Police Mutual to consolidate multiple lines of business on a single modern technology platform. The solutions will support all aspects of the policy lifecycle from new business, policy servicing, and right through to claim processing. The solutions will also grant Police Mutual the ability to provide web-enabled quotations and illustrations direct to consumers on a self-service basis.
Commenting on the successful implementation, Philip Naughton, Executive Director Business Development, Majesco, said “This feat was possible by having the right team in place from both Police Mutual and Majesco, and a strong commitment to deliver and set up Police Mutual for success. Majesco Life AdminPlus and Majesco Life IllustratePlus will allow Police Mutual to streamline service levels, support Straight Through Processing, accelerate business innovation and reduce the lead time for introducing new products.”
David Loughenbury, CIO of Police Mutual commented, “Our close working relationship with the Majesco team, and their expertise, resulted in the successful implementation of Majesco Life AdminPlus and Majesco Life IllustratePlus. We look forward to realising the many benefits of our new robust system such as the ability to launch new products quickly, giving us a distinct advantage over our competitors. Majesco Life AdminPlus and Majesco Life IllustratePlus will be the cornerstone of our channel choice strategy providing a higher quality service to all our members via Straight Through Processing and tailored products.”
Norman Carroll, Managing Director at Majesco Europe, stated, “Majesco Europe has signed six new licence deals in the last 12 months and we continue to recruit to meet our growth and company objectives. It is an exciting time for Majesco and its clients, as we continue to grow and give our clients the tools they need to become the market leaders.”