NYPIUA selects Majesco P&C Suite for their transformation

16/11/2016 09:32

Majesco, a global provider of core insurance software firm has said that New York Property Insurance Underwriting Association (NYPIUA) selected Majesco P&C Suite including Majesco Policy, Majesco Billing and Majesco Claims as the foundation of their transformation initiative.

Majesco DigitalConnect will be used to provide agent and customer portals. Majesco Business Analytics and Majesco Operational Data Store will provide a data and business intelligence solution and enterprise data store pre-integrated with the Majesco P&C Suite.

Commenting on the selection, Dane Austin, President at NYPIUA said, “NYPIUA serves a unique segment of the New York market with our FAIR plan to those who are high-risk and are denied insurance. Our transformation initiative is a step to reaffirm our commitment to our customers and our agents. Majesco’s portfolio of solutions will replace our legacy technology to help us become even more nimble, responsive, process and cost efficient. Because of the high-risk nature of our insured’s properties, enhancing our catastrophe claims processing is critical to meeting their needs and expectations. We look forward to collaborating with Majesco on this transformation and developing a long-term partnership.”

Meanwhile, shares of the company were trading at Rs 386.35 apiece, up 0.12 per cent from the previous close at 09:32 hours on BSE.

• corporate
• Finance