Majesco Consolidates UK Insurance Software Business
February 17 2015 - 8:00AM
Business Wire
Operation in key UK region to now operate under
the Majesco name
Majesco US (Majesco), the global provider of core insurance
software and services to insurance carriers worldwide, today
announced that it has completed the transition and consolidation of
Mastek group’s UK insurance business to Majesco. This is the latest
step in Majesco’s continuing initiative to consolidate the Mastek
group’s global insurance businesses under the single and
independent entity ‘Majesco’, and is in line with its aggressive
global growth strategy. The company will now operate under the
Majesco brand name in UK.
For Majesco, the move adds nine UK insurance company clients,
including the recently announced core policy transformation
initiative at Unum. Unum, one of the UK’s leading providers of
financial protection has selected Majesco’s Elixir platform as the
core administration platform for their Group Protection business in
the UK. Unum will implement Elixir across its Group Protection
business in order to create and adapt products more quickly.
Commenting on the completed UK consolidation, Majesco’s CEO and
founder Ketan Mehta said, “We remain on track with the
consolidation of our world-wide insurance business under Majesco.
Our organization has long been committed to the UK insurance market
with leading life, pensions, health and group insurance companies
using our solutions. We see increased interest in our general
insurance core solutions as companies consider modernization and
transformation options. Majesco will offer UK insurance carriers
access to proven market leading general insurance (P&C)
solutions.”
Majesco, with over 100 insurance customers is consolidating its
global insurance business to a single entity to further strengthen
its customer centric insurance software and IT services
business.
About Majesco
Majesco is a provider of core insurance technology software and
IT services to insurance carriers (P&C and Life, Annuity,
Group) worldwide. Majesco delivers proven software solutions and IT
services in core insurance areas including policy administration,
billing, claims and distribution. Majesco has announced the
consolidation of the group’s global insurance business and
announced in December 2014 that it has signed a definitive
agreement to merge the business of Cover-All Technologies (NYSE
MKT: COVR) with Majesco*. For more details on Majesco please visit
www.majesco.com
*Press Release: Cover-All to merge with Majesco
MajescoAshwin RodriguesDirector – Global MarketingPhone:
+1-646-731-1078Email: ashwin.rodrigues@majesco.com