(The Majesco cloud deal extends an existing relationship with Homesite’s small commercial line. aImage credit: Adobe Stock.)
Homesite Insurance (Boston) has extended its relationship with Majesco (Morristown, N.J.) to use the vendor’s P&C Suite Cloud platform, including ISO ERC integrated content for the carrier’s AssureStart commercial line of business. Homesite, which has been a Majesco customer for AssureStart since 2013, is one of about 30 customers now using Majesco’s cloud capabilities.
Peter Settel, EVP, CIO, Homesite Insurance.
“Majesco is a strategic partner and technology solution provider for Homesite’s Small Commercial Property insurance unit,” comments Pete Settel, executive VP and CIO, Homesite. “We have successfully worked together with tangible benefits and value-add achieved through our collaboration. Majesco’s multi-line cloud platform aligns well within our overall Platform vision and architecture. As we continue into Homesite’s next stage of growth across Personal and Commercial Lines, we view Majesco as a key partner and we expect to build upon our existing relationship.”
Homesite, a national, full-service property insurer, is part of the American Family Mutual Insurance Company, the 13th largest property-casualty insurance group, eighth largest homeowners insurance company and 9th largest private passenger insurer in the U.S.
Long-Term Strategic Partnership
“We are thrilled to partner with Homesite, an innovative and forward-thinking insurance company,” comments Prateek Kumar, executive VP of P&C, Majesco. “With the pace of change and disruption increasing in the insurance industry, Majesco is committed to provide an innovative cloud multi-line platform that offers insurers like Homesite the agility for new business models, the ability to innovate and introduce new products, services and channels, and the speed to capture and grow market opportunities. We look forward to deepening our long-term strategic partnership with Homesite through their expansion of business across personal and commercial lines.”
Majesco Insurance Business Platform uses the Majesco P&C Suite in a cloud environment, private or public. The vendor characterizes the offering as enabling insurers from greenfields, start-ups, and incubators to established insurers focused on innovation and growth to rapidly accelerate their business strategies. Majesco adds that the platform empowers insurers to act quickly on new business opportunities, introduce new products, enter new markets and capture market potential by providing what the vendor calls an agile, innovative, scalable solution with game-changing speed to market results.