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Tier One Insurer Expands Strategic Partnership with Majesco

Press Release

Majesco Consulting Services frameworks, assets and in-depth industry knowledge drive business value and outcomes

Morristown, NJ – August 16, 2017–Majesco (NYSE MKT: MJCO), a global provider of core insurance software and consulting services for insurance business transformation, today announced that a tier one customer has expanded its strategic partnership with Majesco to provide additional services including development, testing and business analysis for their multi-year modernization program.

This agreement significantly expands the role of Majesco for their modernization program. The insurer is leveraging Majesco’s enterprise consulting services and the business transformation framework, ADM services and the technical reference architecture, and testing services with the test automation framework and testing repository to support the strategy and modernization of their underwriting and policy platform.

“We are honored to expand our strategic relationship for this insurer as they continue their modernization journey,” commented Ganesh Pai, EVP of Consulting Services for Majesco.  “The expansion reinforces the value of our rich, integrated set of insurance-specific frameworks and assets which are designed to provide robust capabilities and expertise to deliver value and business outcomes.  We are excited to be a part of this innovative initiative and look forward to a successful long-term partnership.”

The insurer has been in business for a significant time, working with individuals and businesses to provide innovative insurance solutions for niche market segments. The needs of these markets require the ability to deploy new products quickly to meet the unique needs of these niche markets.

Majesco Consulting Services provides strategic, value-added services based on industry-specific frameworks, assets, and expertise to help insurers accelerate their business priorities and drive achievement of critical business or project outcomes.  Majesco services include Majesco Enterprise Consulting, Majesco Digital Services, Majesco Data Services, Majesco Application Development and Management (ADM) Services and Majesco Testing Services.

About Majesco

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 modelling, digital platform with mobile and portal, testing services, cloud services, bureau and content services, transformation services, consulting services and more.

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Majesco Contact:

Ashwin Rodrigues
Director — Global Marketing
Phone: +1-973-461-9087