Hallmark Financial Selects Majesco for Speed-to-Market, Low-Risk Implementation

Hallmark will consolidate ISO lines of business onto Majesco Policy as the strategic enterprise platform for the carrier’s Hallmark Commercial Insurance Solutions division.

(Sundance Square in Fort Worth, Texas, home of Hallmark Financial. Photo credit: Brian Luenser.)

Hallmark Financial Services, a Fort Worth, Texas-based specialty P&C insurer has selected Majesco’s (Morristown, N.J.) Policy for P&C as the strategic enterprise platform for its Hallmark Commercial Insurance Solutions division.

“We chose Majesco for its robust pre-built content and ISO products that are designed to lower the implementation risk and cost while significantly increasing speed to market,” comments Kevin Kasitz, President of Hallmark Commercial Insurance Solutions. “We look forward to a long term partnership with Majesco.”

(Related: Majesco Partners with Appulate for Distribution Management)

Hallmark will implement Majesco Policy for ISO lines of business, including commercial package, general liability, commercial property, crime and fidelity, inland marine, commercial auto and commercial umbrella, consolidating these commercial lines onto Majesco Policy as the strategic enterprise platform, according to Tarek Timol, Hallmark’s Group CIO.

Ed Ossie, COO, Majesco.

Ed Ossie, COO, Majesco.

“We are honored to be a partner of choice for Hallmark as they embark on their transformation journey,” comments Ed Ossie, COO for Majesco. “Our focus on providing insurers like Hallmark with content-rich, pre-built ISO products, is designed to enable them to respond to a rapidly changing market dynamic and new commercial risk opportunities through agility, innovation and speed to market capabilities. We look forward to a successful partnership with Hallmark.”

The vendor describes Majesco Policy for P&C as pre-defined, integrated, and maintained for ISO bureau content via Majesco Bureau and Content Services for all lines of business, and designed to enable agility, rapid product innovation and speed to market opportunities for insurance companies to introduce new products and reach new markets quickly and cost effectively to capture market share.

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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