(Image credit: PIRO4D.)
Cannon Cochran Management Services Inc. (CCMSI; Danville, Ill.), the largest privately held third-party administrator and an MGA in the U.S., is live on Majesco’s (Morristown, N.J.) Policy and Billing for P&C and Majesco Insurance Data & Analytics Platform on Majesco CloudInsurer. By replacing its legacy systems with Majesco’s cloud-based solutions CCMSI will accelerate its ability to create innovative, custom multi-line P&C programs for customers of all sizes and deliver customer service that meets their high standards, according to a vendor statement.
This first phase of the implementation, for CCMSI’s Workers Compensation line of business, included multiple carrier programs across multiple states, all with their own rules and processes, which CCMSI has now streamlined and standardized, Majesco reports. The project, from initiation to production took 11 months, and CCMSI will begin implementing next phases for five additional lines of business in the near future, according to the vendor.
“CCMSI is committed to creating innovative multi-line property and casualty solutions for thousands of companies, both large and small,” comments Kerry Rademacher, VP, Underwriting, CCMSI. “Our partnership with Majesco is critical to our ability to offer our customers a boutique experience with all the resources of a powerhouse. We are excited that this first phase of our implementation is complete and look forward to seeing the same results across our other lines of business.”
Transforming Complexity into Simple Experiences
“Majesco’s cloud-based core solutions, united with our data and analytics platform, is helping companies like CCMSI transform complexity into simple experiences that make innovation and decision-making faster and easier,” says Prateek Kumar, EVP at Majesco. “We are thrilled to partner with CCMSI, a company who values innovation and transparency backed by quality service, expertise and state of the art technology aligns with our own vision for the future of insurance.”