(Photo credit: Massimo Catarinella.)
New York Property Insurance Underwriting Association (NYPIUA; New York) has selected Majesco’s (Morristown) P&C Suite including Majesco Policy, Majesco Billing and Majesco Claims as the foundation of the non-standard dwelling isurer’s transformation initiative. NYPIUA is a joint underwriting association mandated by New York State that provides insurance under the Fair Access to Insurance Requirements (FAIR) Plan for individuals who can’t find coverage in the voluntary market.
Majesco reports that NYPIUA will use its DigitalConnect solution to provide agent and customer portals. Majesco Business Analytics and Majesco Operational Data Store will provide a data and business intelligence solution, and enterprise data store pre-integrated with the Majesco P&C Suite.
“NYPIUA serves a unique segment of the New York market with our FAIR plan to those who are high-risk and are denied insurance,” comments Dane Austin, President, NYPIUA. “Our transformation initiative is a step to reaffirm our commitment to our customers and our agents.”
“Majesco’s portfolio of solutions will replace our legacy technology to help us become even more nimble, responsive, process and cost efficient,” Austin continues. “Because of the high-risk nature of our insured’s properties, enhancing our catastrophe claims processing is critical to meeting their needs and expectations. We look forward to collaborating with Majesco on this transformation and developing a long-term partnership.”
Partner of Choice
“We are delighted to add NYPIUA to our growing list of customers,” comments Prateek Kumar, EVP of P&C Business for Majesco. “We understand the demands of insurers with high-risk properties from underwriting to claims and are excited to be their partner of choice in their business critical transformation. We understand the unique, critical needs of NYPIUA’s customers and look forward to working with NYPIUA to build a flexible and scalable foundation that will respond to the changing New York property needs and help them serve their customers.”