Kookmin Best Insurance Deploys Majesco P&C Solutions in the Cloud

The U.S. operation of KB Financial Group, has gone live with Majesco P&C Core Suite on CloudInsurer, Majesco Digital1st Insurance Electronic Billing and Payments, and Majesco Enterprise Data Warehouse.

(Image source: Pixabay.)

Kookmin Best Insurance Company US Branch (KBICUS), the U.S. operation of KB Financial Group based in South Korea, has gone live with Majesco P&C Core Suite on CloudInsurer, Majesco Digital1st Insurance Electronic Billing and Payments, and Majesco Enterprise Data Warehouse. KBICUS provides insurance services to small and mid-sized businesses throughout Calif., N.J. and N.Y. Headquartered in Ridgefield Park, New Jersey, with a branch office in Glendale, California, KBICUS provides commercial insurance, including business owners policy and commercial property and umbrella coverage. Majesco (Morristown, N.J.) announced KBICUS’s selection of the solutions in March 2018.

Christopher Kwon, President, KBIC U.S. Branch.

“KBIC US is focused on becoming the industry’s leader in terms of customer value. Because of our close relationships with customers, KBIC US has a better understanding of their unique, diverse needs and wants and can design our products accordingly, and with a multicultural and multilingual perspective in mind,” comments Christopher Kwon, President, KBIC U.S. Branch.  “We appreciate the care, effort and follow up from Majesco as we partner with them to implement the system that will help us continue to deliver the best possible products and services to our customers and their businesses.”

Majesco describes CloudInsurer as helping insurers take advantage of new markets, new products and new paths to growth. With Majesco P&C Core Suite, the vendor says it aims to help insurers transform complexity, create innovation, and meet the demands of a new generation of insurance. The suite delivers end-to-end capabilities to streamline the entire insurance lifecycle with policy through billing and claims. The solution’s design allows for rapid adaptation for new, innovative products, enabling insurers to implement a new foundation for growth and innovation in as little as 12 weeks, according to the vendor.

Ed Ossie, COO, Majesco.

Capturing Market Opportunities

“We are honored to welcome KBIC to our customer community,” comments Ed Ossie, COO for Majesco. “The growth opportunities in the commercial lines of business with new, innovative products that are being demanded by small and medium business owners is just beginning. Our deep experience and knowledge of this market segment, combined with our robust capabilities is a game-changer in terms of helping companies capture these market opportunities and meet their customer’s unique needs. We are excited to be KBICUS’s partner of choice as they continue on their path of transformation and growth in today’s post digital age.”

Kookmin Best Insurance Company Selects Majesco CloudInsurer to Support Growth

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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