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Majesco Consolidates UK Insurance Software Business

Staff Writer | February 18, 2015

Majesco announces 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 the UK.

For Majesco, the move adds nine UK insurance company clients, including the recently announced core policy transformation initiative at Unum, which 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 says, “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.”

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