The acquisition expands Majesco’s growth potential and enhances domain depth as insurers seek successful digital and business transformation.
The insurer’s Medical Risk Retention Group is using the systems to improve policy and claims efficiencies, deliver enhanced service to customers and minimize maintenance costs.
The partnership joins Input 1’s billing and with the MGA Agility Suite policy administration platform for program administrators and MGAs.
Sapiens’ partnership with HazardHub will facilitate more accurate underwriting and straight-through-processing for North American P&C insurers, improved experience for agents and customers.
The insurer plans to use FAST software initially to help its agents accelerate sales of whole life insurance, and later as its end-to-end strategic platform.
The funds raised during the round will be used support the firm’s international expansion in the United States, Europe, Asia and Latin America.
The South African insurer is supporting short-term business products with Sapiens IDITSuite for Property & Casualty.
The vendor developed a custom environment for policy administration and automated billing functionality and real-time access for all of Covenant’s stakeholders.
Adopting the all-in-one, cloud-based system will allow FCIC and USH&C to enter new states and introduce new rates and products to the market with greater efficiency.
The organization will provide its network of independent agents with real-time access to policy and coverage information on their individual church clients participating in the program.