Biznextindia : Cloud insurance software solutions provider Majesco (NASDAQ: MJCO) on Tuesday announced that Burns & Wilcox, North America’s leading insurance wholesale broker and underwriting manager, selected Majesco Digital1st Insurance™ platform as the foundation of their latest digital growth strategy.
The Shares of Majesco is currently trading at Rs.420.40, a drop of 2.07%.
Burns & Wilcox, the flagship organization of H.W. Kaufman Group, captures more than $1.5 billion in premium annually and is recognized for its expertise in commercial and professional liability, property, environmental, marine and personal insurance. The initial phase will include the development of three insurance offerings with plans to extend the platform across the enterprise with additional product offerings.
Majesco Digital1st Insurance™ is a ground-breaking cloud-native, micro-services and API-based platform-as-aservice that brings the most cutting-edge business and consumer technology trends to insurance. MajescoDigital1st Insurance™ is distinctly different from the core platform solutions for P&C and L&A and Group, thougheach of new solutions can be used and integrated with Majesco’s core systems, and with other core software to accelerate their value.
“When evaluating new technology solutions to further support our overall growth strategy and meet the needs of our clients, we determined the need for a platform that provided cloud-based, real-time, insurance specific capabilities,” commented Daniel J. Kaufman, Chief Operating Officer, Burns & Wilcox and Executive Vice President, H.W. Kaufman Group.