(The Calf of Man, Isle of Man, home of Hansard Global. Photo credit: Eric Bobson.)
Hansard Global plc (Douglas, Isle of Man), a FTSE listed business, selected Majesco’s (Morristown, N.J.) SaaS-based Life IllustratePlus, Life AdminPlus, and Life DistributionPlus to support its ambitious growth plans, according to a vendor statement. The insurer seeks to provide innovative financial products and services for financial advisors and their international clients, leveraging the latest technology. The contract is the third in the U.K. announced by Majesco during the last 12 months, following the launch of the SaaS offering in Feb. 2016.
“Our current system has served Hansard fantastically well for over thirty years, underpinning a service and online proposition that has scooped multiple awards over time, gaining Hansard a reputation as genuine innovators in our industry,” comments Ollie Byrne, Chief Strategy Officer Hansard Global plc. “The introduction of the new system from Majesco will, above all, provide a continuation of the great service that financial advisors and their clients have become used to, and better position the Hansard Group to deliver on our ambitious strategic growth plans, where we see Fintech as a key enabler into the future.”
Majesco pitches its LifePlus Solutions as designed to be tomorrow’s solution for individual life, pensions and wealth management. Majesco’s component-based SaaS solutions provide full policy life cycle support from customer fact-find right through to payment of a claim. The solutions also allow clients to avoid large upfront license fees, to pay per usage and work anywhere, anytime, according to the vendor.
Next Generation Technology
“Majesco is pleased to have yet again overcome the competition and proven itself to be the best in class provider of innovative core digital solutions to the life and pension sector,” says Philip Naughton, Executive Director Business Development, Majesco. “By partnering with Majesco, Hansard will be implementing next generation technology that will allow financial advisors and their clients real-time 24×7 accessibility to its services. We are eager to work with Hansard and help them realize the many benefits of our digital solutions.”