(Torteval Church, Guernsey, home of Utmost Corporate Solutions. Image credit: Bobbeeez.)
ClaimVantage (Dublin/Portland, Maine.), acquired by Majesco (Morristown, N.J.) earlier this month, has signed an agreement with Utmost Corporate Solutions, a provider of employee benefits including life, income protection and critical illness across Europe and worldwide, according to a Majesco statement. Utmost will implement ClaimVantage Claim Management software as a foundational part of the company’s digital transformation project.
Based in Ireland and Guernsey, Utmost Corporate Solutions states its mission as enabling its customers to protect their employees and promote wellbeing in the workplace through effective, personalized service and claims. Utmost will implement ClaimVantage Claim Management in the cloud, providing the company with a state-of-the-art solution to streamline its business and improve reporting while providing automated upgrades, which will allow them to maintain their position as a market leader, the Majesco statement says. “Implementation will provide Utmost clients with a competitive edge through enhanced claims experience and improved timely data and insights,” according to Majesco.
“As we transform our business and position for growth, we recognized the need for a next-gen cloud-native claims management solution that will empower a new digital business model,” comments Kevin Nolan, Head of Claims and Underwriting, Utmost Corporate Solutions. “Majesco’s ClaimVantage solution provides a platform that enables Utmost to remain at the leading edge and power our growth, while enhancing our customer experience. We look forward to our strategic partnership with Majesco.”
Full Income Protection Claims Life Cycle
Majesco reports that the ClaimVantage Claims Management enterprise solution will complete the full income protection claims life cycle for Utmost Corporate Solutions, from claim intake through payment calculation.
“We’re thrilled that Utmost has selected Majesco ClaimVantage Claims Management solution to power their digital transformation while future-proofing and optimizing their claims operation through our market-leading technology,” comments Stacy Varney, VP Sales, Majesco. “Implementation will elevate Utmost’s claims management operation and result in improved claims decisions and efficiencies across the claims management function. Implementation of the cloud-native solution will enable Utmost to respond to future market dynamics and opportunities at speed and scale. We welcome Utmost to the Majesco customer community.”
Majesco Acquires ClaimVantage to Strengthen and Scale Its L&A and Group Business