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MajescoMastek Introduces Enhanced Version of Elixir Policy Administration System

Press Release

Orlando, FL, May 15, 2012 - At the ACORD LOMA Insurance Systems Forum, MajescoMastek, the insurance industry’s enterprise application specialists and the U.S. subsidiary of global technology solutions provider Mastek Limited (NSE: MASTEK), today announced the launch and general availability of the new enhanced version of its Elixir Policy Administration System, MajescoMastek’s solution for end-to-end processing of all annuity, health, and life insurance products.

Version 6.0 of Elixir North America builds upon the solution’s proven architecture and design, acquired with the assets of SEG Software in 2010, with new and enhanced functionality to extend the system’s use and processing capabilities for both group and individual lines of business. Elixir North America is available as a hosted application or through a traditional software license model, allowing for pricing and implementation flexibility to meet each MajescoMastek client’s unique operational, timeline, and budget needs.

Currently being implemented at two MajescoMastek client sites, Version 6.0 enables increased ease-of-use for all stakeholders in the insurance process, including an improved experience for both the customer and agent channels through a combination of the new user interface and the mobile applications.

“The latest version is further evidence of MajescoMastek’s uncompromising commitment to the Elixir platform and the North American life, annuity, and health market,” commented Erik Stockwell, MajescoMastek’s senior vice president. “We focused a great deal of our Version 6.0 enhancement effort on providing greater ease-of-access through both mobile devices and the internet, improving an improved process flow, and making the system navigation more intuitive – all with the primary objective of providing the highest quality customer experience, whether it’s a policyholder or agent looking to self-service or seeking assistance through a customer service representative.”

With the new version focused on increasing the system’s depth of functionality, ease-of-use, and self-service options; Version 6.0 enhancements includes:

  • A library of mobile applications including e-signatures and billing;
  • A redesigned and intuitive user interface;
  • An integration framework which leverages ACORD compliant standards;
  • New workflow features; and
  • New content, reporting, and print management.

For a demo of Version 6.0 of Elixir Policy Administration System, please visit MajescoMastek at Booth #831 at the ACORD LOMA Insurance Systems Forum.