Thompson brings extensive individual life, annuity and group insurance experience
Morristown, NJ –September 20, 2016 – Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting, and services for insurance business transformation, today announced that Wes Thompson was appointed to its Board of Directors.
“We are pleased to welcome Mr. Thompson to Majesco’s Board of Directors. Wes is a respected and well known executive in the industry,” said Ketan Mehta, CEO and Founder of Majesco. “His extensive experience across individual life, annuity and group insurance brings a wealth of knowledge and experience of insurer’s strategies, operational needs, challenges and opportunities that are unfolding in the industry. Together these unique insights, experience and advice will help guide the vision and strategic opportunities of Majesco.”
“I am looking forward to working with such a diverse and forward looking Board and Management team committed to the future success of the insurance industry as it faces significant change,” commented Wes Thompson. “With so much change occurring in the industry, I am excited to channel my experience and insights from the insurance c-suite, to help Majesco be the leader in enabling insurers to meet these challenges and opportunities.”
Most recently, Mr. Thompson served as President of Sun Life Financial U.S. where he was responsible for all aspects of the company’s insurance business including employer paid group benefits, voluntary group benefits, annuities and individual life insurance. He renewed the strategic direction of the company, championing key initiatives to expand the business, transforming the group benefits business to a customer-focused operating model, and advancement of the brand in the U.S. market. Mr. Thompson has held executive roles at CIGNA and Lincoln Financial Group where he was also involved in acquisitions. Mr. Thompson retired from Sun Life in April 2014 and has pursued a variety of entrepreneurial interests through his own business development and consulting company, Amedis LLC. Mr. Thompson earned a Bachelor’s degree from Brown University.
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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 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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