Market Overview

Urban Advantage Implements Majesco Policy for P&C and Majesco Billing for P&C in 95 Days

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Implementation sets a new bar for rapid product and market launch in
the industry supporting growth strategies

Majesco (NYSE:MJCO), a global provider of core insurance
software and consulting services for insurance business transformation,
today announced that Urban Advantage, an InsurTech start-up based in
California, implemented Majesco Policy for P&C and Majesco Billing for
P&C on the Majesco CloudInsurer platform in 95 days for dwelling fire,
enabling their rapid launch into the personal lines market. Additional
products are in development for a similar rapid rollout.

"From the very beginning we were impressed with the depth of business
and technical capabilities of the Majesco platforms as well as their
understanding of the unique challenges for greenfields like ourselves to
support a business launch," commented Danna Gomez, COO of Urban
Advantage. "The speed and quality of the implementation has surpassed
our expectations, helping to rapidly launch our business and drive speed
to value."

Urban Advantage Insurance, an InsurTech MGA startup, plans to write
personal lines insurance in California through their independent agent
network. Their mission is to bring comprehensive and competitive
personal lines insurance products to the urban communities of
California. Following a rapid evaluation, implementation took an
expedient track by leveraging Majesco's powerful platform with extensive
out-of-the-box capabilities to propel speed to implementation.

"We congratulate Urban Advantage on their business launch and are
excited to be a part of this milestone," said Prateek Kumar, EVP of P&C
Business for Majesco. "We are committed to enabling insurance carriers
like Urban Advantage to succeed in today's digital age by providing a
platform that outperforms with innovative digital capabilities, delivers
speed to value and achieves growth and innovation strategies. We are
honored to be their partner as they continue to drive their business
forward."

Majesco is working with a growing number of innovative InsurTech
startups and incumbent insurer greenfields across P&C and L&A segments
to launch new business models, introduce new products and enter new
markets leveraging Majesco platforms to deliver speed to value – speed
to implementation, speed to market and speed to revenue.

Majesco CloudInsurer leverages Majesco's experience with over 38 cloud
customers, providing a business platform with broad appeal for all
insurers from greenfields, new start-ups and incubators to mid-market
and tier one insurers. Majesco CloudInsurer provides a core insurance
software platform leveraging Majesco core solutions including Majesco
Policy, Majesco Billing, and Majesco Claims. Majesco Policy for P&C
provides pre-configured ISO content, including all rates, rules, forms,
taxes, fees, and surcharges for 52 jurisdictions (including DC and
Puerto Rico), and provides a well-experienced monthly bureau content
update service. Together, the preconfigured bureau content and Majesco
Bureau and Content Update Services are designed to provide agility,
rapid product innovation, and speed to market, enabling insurance
companies to introduce new products and reach new markets quickly and
cost effectively. Majesco Enterprise Data Warehouse is pre-integrated
with the Majesco P&C software portfolio.

About Majesco

Insurance business transformation is a journey of change and
revitalization, a renaissance of Insurance. Approximately 160 insurance
companies worldwide in P&C, L&A and Group/ Employee Benefits are
transforming their businesses with Majesco's solutions. Our market
leading software, consulting and services uniquely underpin the entire
insurance value chain and are designed to empower insurers with the
agility, innovation and speed needed to meet their transformation
opportunities. Majesco's solutions include policy management, new
business / underwriting, rating, billing, claims management,
distribution management, BI/ analytics, predictive modeling, digital
platform with mobile and portal, testing services, cloud services,
bureau and content services, transformation services, consulting
services and more. For more details on Majesco, please visit www.majesco.com.

About Urban Advantage

Urban Advantage is a leading personal lines insurer that markets to
metropolitan residents. Urban Advantage is dedicated to improving
insurance options for urban communities. Urban Advantage's staff's
collective experience in this specialty niche spans more than 150 years,
meaning it has the expertise and industry trust to deliver better
coverage for homeowners, renters, dwelling, fire, auto and umbrella.
Urban Advantage offers highly competitive rates as compared to national
insurance companies, and it works exclusively through Independent
insurance agents who live or write the majority of their business in the
urban communities. To learn more, visit urbanadvantage.com.

Cautionary Language Concerning Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act. These forward-looking statements are made on the
basis of the current beliefs, expectations and assumptions of
management, are not guarantees of performance and are subject to
significant risks and uncertainty. These forward-looking statements
should, therefore, be considered in light of various important factors,
including those set forth in Majesco's reports that it files from time
to time with the Securities and Exchange Commission and which you should
review, including those statements under "Item 1A – Risk Factors" in
Majesco's Annual Report on Form 10-K.

Important factors that could cause actual results to differ materially
from those described in forward-looking statements contained in this
press release include, but are not limited to: integration risks;
changes in economic conditions, political conditions, trade protection
measures, licensing requirements and tax matters; technology development
risks; intellectual property rights risks; competition risks; additional
scrutiny and increased expenses as a result of being a public company;
the financial condition, financing requirements, prospects and cash flow
of Majesco; loss of strategic relationships; changes in laws or
regulations affecting the insurance industry in particular; restrictions
on immigration; the ability and cost of retaining and recruiting key
personnel; the ability to attract new clients and retain them and the
risk of loss of large customers; continued compliance with evolving
laws; customer data and cybersecurity risk; and Majesco's ability to
raise capital to fund future growth.

These forward-looking statements should not be relied upon as
predictions of future events and Majesco cannot assure you that the
events or circumstances discussed or reflected in these statements will
be achieved or will occur. If such forward-looking statements prove to
be inaccurate, the inaccuracy may be material. You should not regard
these statements as a representation or warranty by Majesco or any other
person that we will achieve our objectives and plans in any specified
timeframe, or at all. You are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date of
this presentation. Majesco disclaims any obligation to publicly update
or release any revisions to these forward-looking statements, whether as
a result of new information, future events or otherwise, after the date
of this press release or to reflect the occurrence of unanticipated
events, except as required by law.

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