(Winchester Cathedral in Hampshire, home of Foresters Friendly Society. Photo credit: John Brown.)
Foresters Friendly Society, a Southhampton, U.K.-based mutual organization that offers a range of financial savings, investment and insurance products to its members, has signed an agreement with Majesco (Morristown, N.J.) for the vendor to deliver full, end-to-end policy lifecycle support for their digital strategy. The Society will implement Majesco’s SaaS solutions for life, pensions and annuities, including Life AdminPlus, Life DistributionPlus, and Life IllustratePlus, to meet its strategic business objectives, according to a Majesco statement.
Grant Streader, Head of Insurance Operations, Foresters Friendly Society.
Foresters Friendly Society chose Majesco for its end-to-end capabilities that will equip the Society with future-proofed technology that enhance its digital capability to meet the emerging challenges it faces in a dynamic marketplace, according to the vendor statement. Majesco says that it will deliver a digitally compliant journey for all Foresters Friendly Society members.
Efficient Digital Solution
“To ensure we are fully equipped to deliver our vision of being the most member-centric mutual, we recognize the need to invest in our existing IT applications with a cloud hosted environment for our business operations,” comments Grant Streader, Head of Insurance Operations, Foresters Friendly Society.
“To ensure we are fully equipped to deliver our vision of being the most member-centric mutual, we recognize the need to invest in our existing IT applications with a cloud hosted environment for our business operations,” comments Grant Streader, Head of Insurance Operations, Foresters Friendly Society. “We needed a digital solution that will lower the cost of new business acquisition whilst improving efficiencies and increase our speed to market with new products. Throughout the selection process Majesco proved its capabilities in these areas. We look forward to working with Majesco to deliver the agreed solution to assist in achieving our strategic business goals.”
Philip Naughton, Executive Director Business Development, Majesco.
Digital-by-Default Solution
Majesco says its component-based SaaS solutions provide full policy lifecycle support from customer fact-find right through to payment of a claim. Majesco LifePlus Solutions allow clients to avoid large upfront license fees, to pay per usage and work anywhere, anytime, according to the vendor.
“Following Exaxe’s acquisition by Majesco, we are delighted to have been able to offer even further capability to Foresters Friendly Society,” comments Philip Naughton, Executive Director Business Development, Majesco. “We are looking forward to a successful implementation supporting Foresters Friendly Society’s business growth by delivering a digital-by-default solution.”
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