Morristown, NJ – September 15, 2015 – Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced that Westfield Insurance, an Ohio-based super-regional property and casualty insurance carrier selected Majesco’s Distribution Management solution to consolidate and replace multiple distribution management systems. This selection was reported in Majesco’s first quarter results announced in July.
Majesco Distribution Management will replace and consolidate Westfield’s multiple legacy distribution systems, bring new capabilities for their channels and enable them to deliver enhanced service to meet increasingly new demands and expectations for agents.
Craig Welsh, Westfield Insurance Group Distribution Leader commented, “Westfield Insurance is dedicated to delivering superior and innovative service to our agents enabling them to serve our customers, today and into the future. Our investment in Majesco Distribution Management represents our continued commitment to the agent channel.”
Ed Ossie, Chief Operating Officer at Majesco, said, “We are thrilled to have Westfield Insurance join our growing customer base of insurers leading the transformation of insurance. Our investment in creating innovative solutions like Majesco Distribution Management recognizes the changing landscape of the insurance market and the needs for insurers committed to the agent channel. We look forward to a partnership of collaboration with Westfield, a recognized industry leader, that will influence our continuous innovation and investment in our solutions, so they meet the expanding needs of today’s and tomorrow’s agents.”
Majesco Distribution Management is a standalone, modern solution that enables insurance carriers to manage the entire distribution landscape with comprehensive business capabilities that enable diverse channel options, supports the increasing need of an omni-channel environment, effectively administer channel producers from registration to termination, compensation and performance management, and launch innovative contests and personalize payment schedules for producers to help drive business growth. The highly configurable platform enables ease of integration within the insurance carrier’s business system landscape.
Majesco enables insurance business transformation for approximately 140 insurance customers by providing solutions which include software, consulting and services.
Our customers are insurers, MGA’s and other risk providers from the Property and Casualty, Life, Annuity and Group insurance segments worldwide. Majesco delivers proven software solutions, consulting and services in the core insurance areas such as policy, billing, claims, distribution management, BI/ analytics, digital, application management, cloud and more. For more details on Majesco, please visit www.majesco.com.
About Westfield Insurance
Westfield Insurance is a part of Westfield Group, a customer-focused insurance and banking group of businesses headquartered in Westfield Center, Ohio, and in business for more than 167 years. Westfield Insurance provides commercial insurance in 21 states, personal insurance in 10 states and surety services to customers in 49 states. Westfield is one of the nation’s 50 largest property and casualty insurance groups, represented by a network of more than 1,000 independent insurance agencies. Westfield Insurance was named as a Top Workplace in northeast Ohio in 2014 and as a Top Workplace in central Ohio in 2015. Westfield Bank provides banking solutions for businesses and individuals, and Westfield Services provides service and training support for independent insurance agencies. Learn more about Westfield Group at www.WestfieldInsurance.com and www.Westfield-Bank.com.
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