Homesite Insurance Will Leverage Majesco’s Cloud P&C Platform

Homesite Insurance Will Leverage Majesco’s Cloud P&C Platform
22.04.2016 08:30 am

Homesite Insurance Will Leverage Majesco’s Cloud P&C Platform

Cloud , Non-Financials , Insurance

Majesco, a provider of core insurance software, consulting and services for insurance business transformation, extended agreement to use the Majesco P&C Suite Cloud platform by Homesite Insurance, a wholly owned subsidiary of American Family Mutual Insurance Company. Homesite Insurance will use Majesco’s multi-line cloud platform with ready to use content, including ISO ERC integrated content, for the commercial line of business.

Majesco Insurance Business Platform uses the Majesco P&C Suite in a cloud environment, private or public. It enables insurers from greenfields, start-ups, and incubators to established insurers focused on innovation and growth to rapidly accelerate their business strategies. Majesco’s platform empowers insurers to act quickly on new business opportunities, introduce new products, enter new markets and capture market potential by providing an agile, innovative, scalable solution with game-changing speed to market results.

Majesco P&C Suite includes Policy, Billing, Claims, Rating and Underwriting Workbench. Majesco Policy is recognized as a market-leading solution and has pre-defined, integrated, and maintained ISO bureau content via Majesco Bureau and Content Services for all lines of business and states, enabling speed to market opportunities for insurance companies to introduce new products and reach new markets quickly and cost effectively to capture market share. Majesco has over 30 cloud customers.

"Majesco is a strategic partner and technology solution provider for Homesite's Small Commercial Property insurance unit (p/k/a AssureStart). We have successfully worked together with tangible benefits and value-add achieved through our collaboration,” commented Peter Settel, EVP and CIO for Homesite. “Majesco's multi-line cloud platform aligns well within our overall Platform vision and architecture. As we continue into Homesite's next stage of growth across Personal and Commercial Lines, we view Majesco as a key partner and we expect to build upon our existing relationship."

 “We are thrilled to partner with Homesite, an innovative and forward-thinking insurance company,” commented Prateek Kumar, EVP of P&C for Majesco. “With the pace of change and disruption increasing in the insurance industry, Majesco is committed to provide an innovative cloud multi-line platform that offers insurers like Homesite the agility for new business models, the ability to innovate and introduce new products, services and channels, and the speed to capture and grow market opportunities. We look forward to deepening our long-term strategic partnership with Homesite through their expansion of business across personal and commercial lines.”

Related News

Alibaba Cloud and Multi-Lingual Support from the Global MediXchange of Combating Covid-19 (GMCC) programme

Over 440 medical institutions from 104 countries and regions have applied to learn and share experiences in battling COVID-19 through the ... Read more »

Creatio Offers its Products for Free to Organizations Fighting Against COVID-19

Creatio, a global software company providing a leading low-code platform for process management and CRM, is announcing a new initiative aimed at helping businesses fight... Read more »

The National Bank of Canada accelerates the deployments of Murex at scale on Amazon Web Services

Murex, the global leader in trading, risk and processing solutions for capital markets, is pleased to announce that its customer, National Bank of Canada (NBC), migrated its on... Read more »

Temenos and ClearBank Form Strategic Relationship to Provide Seamless Payments in the Cloud

Temenos (SIX: TEMN), the banking software company, and ClearBank, the cloud-based clearing bank, form a strategic relationship to provide banks with access to UK payment... Read more »

Alibaba Cloud Leads Global Industry Growth, Ranks Third for Market Share

Alibaba Cloud recorded the fastest growth versus other global cloud service providers in the first half of last year, according to the latest Worldwide Semiannual Public Cloud... Read more »

70% of business execs are resisting cloud adoption due to security concerns

70 per cent of business executives say security concerns have restricted their organisation’s adoption of public cloud. This is according to a new report titled ... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel