MT TL
Follow Us
ITA MEMBERSHIP

INSURANCE TECHNOLOGY NEWS

INSURANCE TECHNOLOGY NEWS

New York State Insurance Fund Selects Majesco Billing on Majesco CloudInsurer

Staff Writer | November 29, 2017

Majesco (NYSE MKT: MJCO), a global provider of core insurance software and consulting services for insurance business transformation, today announced that the New York State Insurance Fund (NYSIF) selected Majesco Billing on Majesco CloudInsurer.

NYSIF was established in 1914 as part of the original enactment of the New York Workers’ Compensation Law. The Fund’s mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to employers, while maintaining a solvent fund, as well as to provide timely and appropriate indemnity and medical payments to injured workers. NYSIF is a self-supporting insurance carrier that competes with private insurers in both the workers’ compensation and disability benefits markets in New York State.

The transformation program will convert their legacy systems onto Majesco Billing on Majesco CloudInsurer, providing a single platform for the business.  The advanced architecture platform will enable integration with their large number of banks and payment channels, while supporting regulatory requirements.

“We are honored to add New York State Insurance Fund to our growing customer community,” commented Prateek Kumar, EVP of P&C business at Majesco. “As the insurance market continues to change and adapt to new customer demands, billing is increasingly taking the lead to meet these rapidly emerging new expectations and demands. We are committed to leading the market with a robust billing solution that helps achieve growth and customer engagement strategies.  We are proud to work with NYSIF in this strategic transformation program to enable their agility, innovation and speed.”

Billing is no longer a back office function and is front and center to the customer experience.  Majesco Billing has consistently been recognized as a leading enterprise platform in the market enhancing the customer experience across all lines of insurance business through an array of billing types – Direct, Customer Account, Agency Statement, Agency Account Current, Wholesale, List/Payroll Deduction and Deductible Billing, among others. Self-service capabilities are offered to both insured and agents alike. Majesco Billing is a part of the Majesco P&C Suite and can be deployed standalone or as a part of the suite on premise, hosted or in the cloud.   Majesco has over 30 cloud customers.


Featured articles

Guidewire MR

MT TL

ELECTRONIC CHAT

The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.

WEB EVENTS

ITA is pleased to present the 2014 Webinar Series. We have many topics for you to choose from and attendance is open to all ITA members. The webinar topics are current and exciting — ranging from predictive analytics to telematics and will focus on the direction insurance carriers need to follow for the future. All webinars are presented by insurance IT professionals along with some of the leading analysts and consultants in the field. There is no cost to attend an ITA webinar. For more information and to register for the webinar, click the “title” of the webinar below.

BLOGS AND COLUMNS

only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News