Cloud insurance software developer Majesco has continued its busy start to 2021 with another partnership.
The InsurTech has announced American European Insurance Group will implement Majesco P&C Core Suite to replace its legacy solutions. This implementation will enable the regional property and casualty insurer to modernise its operations and support its growth strategy.
American European’s products are only offered via independent agents part of its agency system. They offer broad product lines and risk appetite in commercial lines.
The implementation of Majesco’s services will support the insurer’s capabilities and transform them for future growth and flexibility.
American European Insurance CEO Nachum Stein said, “We’re committed to modernizing and accelerating our business transformation to bring innovative products and services to our agents and customers that meet their changing risk and customer experience demands.
“This was a rapid process because Majesco’s next-generation P&C Core Suite provides the platform and capabilities and the experience in implementation, but also in speed to market for enhanced or new products. This powerful combination will advance American European Insurance Group’s strategy to grow our market and leadership footprint in the industry.”
Majesco offers a range of insurance technology and is helping over 200 insurance companies around the world modernise their systems and create new business models.
Majesco EVP Prateek Kumar said, “We are thrilled to partner with American European Insurance Group and help them accelerate their business transformation journey with our modern, innovative core suite.
“Majesco ‘s next-generation P&C Core Suite offers innovative capabilities, out-of-the-box content, a robust ecosystem of pre-integrated partners and flexible configuration that directly aligns with American European Insurance Group’s vision of creating a new business operation geared toward the needs of a rapidly changing commercial market and digital-savvy customer.”
Majesco recently formed a partnership with third-party administrator CompOne Administrators to help improve the company’s market growth.
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