Majesco Completes Consolidation of Mastek’s UK Insurance Business

The vendor characterizes the move as the latest step in its continuing initiative to consolidate the Mastek group’s global global insurance businesses under the single and independent entity “Majesco.”

(Palace of Westminster, seat of the U.K.’s national government.)

Majesco (New York) reports that it has completed the transition and consolidation of Mastek’s UK insurance business to Majesco. The vendor characterizes the move as the latest step in its continuing initiative to consolidate the Mastek group’s global global insurance businesses under the single and independent entity “Majesco,” and as consistent with what it has called its aggressive global growth strategy. The company will now operate under the Majesco brand name in U.K.

Ketan Mehta, CEO, MajescoMastek.

Ketan Mehta, CEO, MajescoMastek.

The development adds nine U.K. insurance company clients to the Majesco fold, including Unum. A leading provider of financial protection in the U.K., Unum recently selected Majesco’s Elixir platform as the core administration platform for its Group Protection business in the U.K. Unum will implement Elixir across its Group Protection business in order to create and adapt products more quickly, according to the vendor.

“We remain on track with the consolidation of our world-wide insurance business under Majesco,” comments Ketan Mehta, CEO, Majesco. “Our organization has long been committed to the U.K. insurance market with leading life, pensions, health and group insurance companies using our solutions. We see increased interest in our general insurance core solutions as companies consider modernization and transformation options. Majesco will offer U.K. insurance carriers access to proven market leading general insurance/P&C solutions.”

For more IIR coverage of Majesco’s recent moves, see the following links, which are arranged chronologically beginning with the earliest :

Mastek to Launch Majesco as Separate Global Insurance Technology Company

Chad Hersh Joins Majesco as EVP for L&A, Group Benefits

Majesco Adds Consulting Capabilities with Acquisition of Agile Technologies

Cover-All Merges with Majesco

Majesco’s Aggressive Growth Strategy Amid an Active Core System

Majesco Names Ed Ossie Chief Operating Officer

 

 

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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