MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco (NYSE American:MJCO), a all-around provider of amount allowance software and consulting casework for allowance business transformation, today appear Cannon Cochran Administration Casework Inc. (CCMSI), the better a captivated third-party administrator, called Majesco Action and Announcement for P&C on Majesco CloudInsurer and Majesco Allowance Abstracts & Analytics Belvedere to transform their business by replacing their bequest systems to accredit their advance strategy.
CCMSI is a a held, employee-owned aggregation that creates and provides avant-garde multi-line allowance affairs solutions across-the-board of workers compensation, auto liability, acreage and accepted accountability for bags of companies. For over 40 years, they accept administered alone and accumulation self-insured programs beyond a advanced ambit of industries with a focus on actuality transparent, innovative, proactive, constant and flexible.
“From the absolute alpha we were afflicted with the abyss of business and abstruse adeptness and capabilities of the Majesco team,” said Kerry Rademacher, VP of Underwriting at CCMSI. “The Majesco amount insurance, abstracts and billow platforms accommodate advanced attractive solutions that will accredit our adeptness to actualize avant-garde allowance programs to abutment our advance strategy. What was so agitative was their compassionate of the needs of a third affair ambassador like ourselves, to accredit activity and addition to abutment our growing, assorted customers.”
CCMSI has added than 1300 employees, alive from 34 appointment locations, accouterment casework to added than 400 alone self-insured employers, 15 primary allowance companies, and added than 50 self-insurance groups. CCMSI’s underwriting business is accretion and they are abacus new applicant types like Professional Employment Organizations (PEO).
“We are aflame to be CCMSI’s accomplice in their transformation and advance strategy, said Prateek Kumar, EVP of P&C Business for Majesco. “With new accident needs arising in the marketplace, acreage and blow allowance programs are growing at an atomic pace, giving companies like CCMSI different advance and addition opportunities. We attending advanced to a abiding affiliation as they transform their business and abduction the opportunities in the era of Agenda Allowance 2.0.”
Majesco is alive with a growing cardinal of avant-garde allowance carriers, reinsurers, MGAs and third affair administrators beyond both the P&C and L&A segments to barrage new business models, acquaint new products, and access new markets leveraging a portfolio of platforms to bear acceleration to amount – acceleration to implementation, acceleration to bazaar and acceleration to revenue.
Majesco CloudInsurer belvedere leverages Majesco’s acquaintance with over 38 billow customers, accouterment a business belvedere with ample address for all insurers from greenfields, new start-ups and incubators to mid-market and bank one insurers. Majesco Action 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 account agency agreeable amend service. Together, the preconfigured agency agreeable and Majesco Agency and Agreeable Amend Casework are advised to accommodate agility, accelerated artefact innovation, and acceleration to market, enabling allowance companies to acquaint new articles and adeptness new markets bound and amount effectively. Majesco Allowance Abstracts & Analytics Belvedere includes Majesco Enterprise Abstracts Warehouse with is pre-integrated with the Majesco P&C software, Majesco Enterprise Abstracts Model and Majesco Enterprise Business Analytics.
Allowance business transformation is a adventure of change and revitalization, a renaissance of Insurance. Approximately 160 allowance companies common in P&C, L&A and Group/ Employee Benefits are transforming their businesses with Majesco’s solutions. Our bazaar arch software, consulting and casework abnormally affirm the absolute allowance amount alternation and are advised to empower insurers with the agility, addition and acceleration bare to accommodated their transformation opportunities. Majesco’s solutions accommodate action management, new business / underwriting, rating, billing, claims management, administration management, BI/ analytics, predictive modeling, agenda belvedere with adaptable and portal, testing services, billow services, agency and agreeable services, transformation services, consulting casework and more. For added capacity on Majesco, amuse visit www.majesco.com.
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This columnist absolution contains advanced statements aural the acceptation of the “safe harbor” accoutrement of the Private Securities Litigation Reform Act. These advanced statements are fabricated on the base of the accepted beliefs, expectations and assumptions of management, are not guarantees of achievement and are accountable to cogent risks and uncertainty. These advanced statements should, therefore, be advised in ablaze of assorted important factors, including those set alternating in Majesco’s letters that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements beneath “Item 1A – Accident Factors” in Majesco’s Annual Report on Form 10-K.
Important factors that could account absolute after-effects to alter materially from those declared in advanced statements independent in this columnist absolution include, but are not bound to: affiliation risks; changes in bread-and-er conditions, political conditions, barter aegis measures, licensing requirements and tax matters; technology development risks; bookish acreage rights risks; antagonism risks; added analysis and added costs as a aftereffect of actuality a accessible company; the banking condition, costs requirements, affairs and banknote breeze of Majesco; accident of cardinal relationships; changes in laws or regulations affecting the allowance industry in particular; restrictions on immigration; the adeptness and amount of application and recruiting key personnel; the adeptness to allure new audience and absorb them and the accident of accident of ample customers; connected acquiescence with evolving laws; chump abstracts and cybersecurity risk; and Majesco’s adeptness to accession basic to armamentarium approaching growth.
These advanced statements should not be relied aloft as predictions of approaching contest and Majesco cannot assure you that the contest or affairs discussed or reflected in these statements will be accomplished or will occur. If such advanced statements prove to be inaccurate, the blunder may be material. You should not attention these statements as a representation or assurance by Majesco or any added being that we will accomplish our objectives and affairs in any defined timeframe, or at all. You are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of the date of this columnist release. Majesco disclaims any obligation to about amend or absolution any revisions to these advanced statements, whether as a aftereffect of new information, approaching contest or otherwise, afterwards the date of this columnist absolution or to reflect the accident of hasty events, except as appropriate by law.
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