Press Release
New York, NY, June 19, 2012 — MajescoMastek, the insurance industry’s enterprise application specialists and the U.S. subsidiary of global technology solutions provider Mastek Limited (NSE: MASTEK), today announced that US Assure (formerly Zurich Insurance Services, Inc.), an insurance program administrator and service provider, has selected MajescoMastek’s STG Billing solution, as well as the STG Agent Self Service Portal and STG Electronic Billing Payment and Presentment (EBPP) solutions. Delivered via private cloud, US Assure will be offering more effective and efficient multi-product billing services for their associated network of over 60,000 agents and brokers and the insureds covered under the products and services offered through US Assure and its multiple carrier partners.
After an extensive search for a state of the art billing system to replace its existing mainframe-based legacy billing environment, US Assure chose STG Billing because the system met all of its’ business and technical requirements, and the user interface optimized the experience for internal users, as well as agents and insureds through self-service options. US Assure also noted MajescoMastek’s dedication to the relationship, its’ focus on US Assure’s needs and priorities, and the depth of domain expertise relative to both insurance and technology.
Andy Ferguson, President of US Assure, said, “We were looking for a system able to provide the best experience for our distributors and customers and support our multiple carrier and product environment. We wanted to ensure it was robust in functionality, but also highly configurable. We found MajescoMastek’s STG Billing to be a great fit for our organization.”
Additional benefits US Assure anticipates from the implementation of STG Billing include:
- Support for multiple carrier and multiple product program administration operations with direct bill, agency bill and commission payment capabilities;
- Ability to leverage US Assure’s existing billing support services with full billing and commission services to US Assure’s partners;
- Easy integration to the billing environment for new products and carrier partners;
- A user-friendly and value-add system for distributors, carrier partners, insureds and US Assure employees; and
- Anticipated reduced costs while providing an eco-friendly system through the use of electronic payment and presentment capabilities.
“We are confident in MajescoMastek claiming the leadership position when it comes to insurance billing systems. We currently have over 60 insurance carriers using STG Billing, and we continue to engage new clients like US Assure who recognize the value we offer when we combine our time-tested, industry proven solution, our expertise in the insurance billing market, and the convenience and cost-effectiveness of our cloud delivery,” said Anil Chitale, P&C Practice Leader, MajescoMastek. “Being able to affect such a large user community, which includes US Assure employees, its carrier partners, MGAs, wholesalers, and their respective agent representatives, speaks to the scalability and power of STG Billing. Furthermore, servicing such a diverse set of customers, including MGA’s, carriers and program administrators, illustrates the significant support STG Billing offers.”
STG Billing, the award winning, leading billing solution with the largest number of installations in the North American P&C insurance market today, helps insurance carriers meet their unique business needs by providing users with impressive breadth of functionality and configurability. Business users and IT developers can utilize the Insurance Content Manager and Insurance Content Designer to bring a new level of autonomy to the billing, payment, disbursements, accounts receivable and cash management processes. Business rules, business processes, workflows and forms are configured and accessed through a modern architecture built on open standards, offering an intuitive, web-based user experience along with built-in industry best practices acquired from 20 years serving the industry.
About US Assure
US Assure (formerly Zurich Insurance Services, Inc.) (www.usassure.com) is an insurance program administrator and services provider offering products and services throughout the United States and Canada. US Assure is the exclusive program administrator for the Builders Risk Plan, underwritten by Zurich. Through its vast distribution network, agents and brokers enjoy access to the industry leading Builders Risk Plan and a myriad of other commercial property & casualty products. US Assure also provides insurance services to the insurance industry, including underwriting, business processing, agent and customer support and producer contracting and licensing management.