Market Overview

QBE North America Selects Majesco Software and Cloud as Strategic Enterprise Platform

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Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced that QBE North America has selected Majesco's Policy for P&C, Majesco Bureau and Content Services, Majesco Billing, Majesco Business Analytics solutions and Majesco Cloud Services as their strategic enterprise platform for the specialty insurance division QBE North America, a global insurance carrier.

Commenting on the selection, Jeff Grange, President of Specialty Lines at QBE North America said, "QBE North America's Specialty Lines division has aggressive growth plans through broad array of product offerings ranging from bureau and non-bureau nationwide products. After an extensive search, we chose Majesco for its capabilities to deliver products with agility for meeting our growth plans. We found Majesco products ready to be deployed with minimal implementation efforts. Their enterprise cloud capabilities bring scale, security with a variable pricing model that aligns with our strategic goals and plans. We look forward to a long term partnership with Majesco."

QBE North America is a division of QBE Insurance Group Limited, one of the world's 20 largest insurance and reinsurance companies. QBE North America will be using Majesco Policy for P&C for their Specialty product suite, and this new multi-year agreement highlights the breadth and capability of Majesco's solution to support bureau and non-bureau products to enable speed to market and product innovation in an increasingly changing risk environment and competitive marketplace.

"We are thrilled to be partnering with such a market leading, innovative company like QBE North America," commented Ed Ossie, COO for Majesco. "As the market continues to adapt to changing customer and risk profiles, agility, product innovation and speed to market is delineating new leaders in the insurance market like QBE. Our simplified admitted and non-admitted specialty commercial products environment is expected to unlock insurers' ability for product innovation and growth. We are excited to have this leading insurance company join our growing and diverse base of customers, highlighting the robustness and flexibility of Majesco solutions."

Majesco Policy is pre-defined, integrated, and maintained for ISO bureau content via Majesco Bureau and Content Services for all lines of business, and designed to enable agility, rapid product innovation and speed to market opportunities for insurance companies to introduce new products and reach new markets quickly and cost effectively to capture market share. Majesco Billing is designed to help insurance carriers improve customer service and increase profitability through a flexible enterprise billing platform. Majesco Business Analytics is a powerful business intelligence and analytics solution that is designed to reveal actionable insights across the insurance value chain through pre-built measures, dimensions, and KPIs. Majesco Cloud Services has over 27 cloud customers.

 

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