Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Celent Recognizes Majesco with XCelent Award for Depth of Service in the North American Policy Administration Systems 2020 Personal, Commercial and Specialty ABCD Vendor View Report

Posted On: 2020-07-09 19:54:50


Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced that Celent recognized Majesco with the XCelent Award for Depth of Service in the North American Policy Administration Systems 2020 Personal, Commercial and Specialty ABCD Vendor View Report for the leading score.

"Celent would like to congratulate Majesco on winning the XCelent award for Depth of Service" said Karlyn Carnahan, Head of Celent's property casualty practice in North America. "In judging the Depth of Service award, Celent looks at multiple factors, including the implementation capabilities and ongoing post implementation support. This evaluation methodology also considers the perspective of customers, who provided feedback through an extensive survey. The XCelent award for Depth of Service recognizes Majesco's performance in these critical areas."

The report profiles 31 policy administration solutions, providing an overview of their functionality, customer base, lines of business supported, technology, implementation, pricing, and support. Of those 31 solutions, only 14 fully met the inclusion criteria for Celent's ABCD full report and rankings.

"We are humbled and proud to be recognized by Celent as the top provider and winner of the XCelent Award for Depth of Service," said Majesco CEO Adam Elster. "More importantly, having our customers recognize us with top rankings in the Depth of Service Awards key categories of functionality, technology, implementation and support means so much because they work with us and the system each day. This report recognizes the tremendous progress we have made to aggressively redefine the next generation of SaaS and Cloud platform solutions that are enabling insurers to digitally transform complexity, modernize and optimize their current business models while creating new business models to meet the demands of the future of insurance."

Some of key areas highlighted by Celent include:

- The home screen for underwriters and policy service representatives provides a task-oriented activity center, recent records, and tabs for insureds, transactions, and lists.

- Built on a modern architecture, the system is highly configurable. The configuration tool is very granular, providing a carrier with lots of flexibility.

- One of its strengths is the provision of preconfigured content for all rates, rules, forms, taxes, fees, surcharges, etc. Majesco Policy for P&C for 52 jurisdictions. Majesco also provides automated updates of this data for its base products every month as part of Majesco Bureau and Content Services.

- Their client base spans all tiers from the largest carriers in the world to small MGAs and startups. Their pricing model is flexible enough to accommodate the different needs of these different insurers.

- Majesco was one of the first vendors to create a curated digital ecosystem of partners and Insurtechs. Digital1st Insurance® is the microservices based digital platform used for integration and orchestration (and available as a separate application). The Digital1st EcoExchange® includes apps from insurance ecosystem partners under a single platform.

- Celent sees this as a strong solution, especially for commercial and specialty lines carriers with configuration tools to build additional functionality as needed. Carriers with a focus on commercial will appreciate the deep knowledge of ISO that shows in this product.

"We are thrilled and honored to be recognized by Celent with the XCelent Award for Depth of Service. The re-architecture of Majesco Policy for P&C launched in Version 10 in late 2017 and aggressively expanded on with Version 11 in late 2019, pioneered a new era of the core insurance Cloud and SaaS solution model with a proven, robust, API and microservices enabled platform supporting all existing P&C lines of business, as well as innovative new products such as on-demand, cyber, rideshare and more that deliver speed to value," said Manish Shah, President and Chief Product Officer at Majesco. "With SaaS and Cloud core platforms now de facto software-delivery model for insurance, our open, secure and scalable architecture designed for continuous updates stands apart as a powerful yet easy-to-use platform for enabling insurers, MGAs, brokers and reinsurers to seize new markets, new business opportunities and new customers in today's dynamic and highly-competitive market. We are committed to advancing the platform with increasingly, rich, data-driven, and innovative capabilities that will keep our customers at the forefront of the industry as leaders reshaping their businesses and the future of insurance."

Shares of Majesco Ltd was last trading in BSE at Rs.367 as compared to the previous close of Rs. 369.85. The total number of shares traded during the day was 2987 in over 219 trades.

The stock hit an intraday high of Rs. 374 and intraday low of 359.75. The net turnover during the day was Rs. 1095712.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Sinclairs Hotels Ltd Q1 PAT at Rs. 0.48 crore

National Fittings Ltd Q1 loss at Rs. 0.68 crore

NESCO Ltd posts consolidated PAT of Rs. 51.32 crore in Q1FY21

MRF Ltd Q1FY21 consolidated net profit plunges to Rs. 13.46 crore

NIRLON Ltd reports Rs. 32.47 crore PAT in Q1

Valiant Communications Ltd Q1 consolidated net loss at Rs. 0.44 crore

Punjab Alkalies and Chemicals Ltd Q1 loss widens to Rs. 3.32 crore

The Ramco Cements Ltd Q1FY21 consolidated PAT at Rs. 117.25 crore

XPRO India Ltd Q1 consolidated loss at Rs. 12.70 crore

Infosys to accelerate Digital Skills and Innovation across Australia and New Zealand via its GovHack 2020 partnership

Wonderla Holidays Ltd. launches 2nd Wonder Kitchen Outlet at Rajarajeshwari Nagar, Bangalore

Parag Milk Food Ltd. introduces a new product to its premium category by launching Pride of Cows Curd

Mindteck Reports Financial Results for Q1 2020-21

Steel Strips Wheels Ltd promoter group release 44132 shares from pledge

Shriram Transport Finance Company Ltd announces Q1FY21 results

The Tata Power Company Ltd allots 49,05,66,037 Equity Shares to Tata Sons

Hero MotoCorp announces Q1FY21 results

Trent Ltd announces Q1 FY21 results

Minda Corporation Ltd Q1 consolidated loss at Rs. 35.40 crore

TATA Steel Ltd Q1 consolidated loss at Rs. 4648.13 crore

TIMKEN India Ltd Q1 PAT slumps to Rs. 3.15 crore

Mindteck India Ltd Q1FY21 consolidated net profit at Rs. 1.67 crore

TNPL reports earnings for Q1FY21

Balkrishna Industries Ltd board declares interim dividend of Rs. 3 for FY21

CARBOGEN AMCIS announces major investments of more than CHF 100 million in Switzerland and France

JSPL becomes first company to supply Head Hardened rails to Metro Rail projects in India

Paisalo Digital Ltd reports Rs. 15.06 crore consolidated PAT in Q1FY21

Hindustan Tin Works Ltd Q1 PAT at Rs. 0.79 crore

Shivalik Rasayan Ltd Q1 consolidated PAT lower at Rs. 2.50 crore

Rossell India Ltd Q1FY21 PAT soars to Rs. 9.12 crore

Shriram Transport Finance Company Ltd Q1FY21 consolidated net profit climbs QoQ to Rs. 319.25 crore

Excel Industries Ltd Q1FY21 consolidated PAT declines to Rs. 8.21 crore

Amines & Plasticizers Ltd Q1 consolidated PAT rises to Rs. 7.61 crore

Ishita Drugs & Industries Ltd posts PAT of Rs. 0.09 crore in Q1

PG Electroplast Ltd Q1FY21 loss widens to Rs. 8.48 crore

Orient Bell Ltd Q1 consolidated loss at Rs. 11.42 crore

Hercules Hoists Q1FY21 profit plunges to Rs. 0.24 crore

I G Petrochemicals posts consolidated PAT of Rs. 2.22 crore in Q1FY21

Endurance Technologies Ltd Q1FY21 consolidated loss at Rs. 24.90 crore

Balkrishna Industries Ltd Q1 consolidated PAT slides to Rs. 131.56 crore

BPCL Q1FY21 consolidated net profit at Rs. 2035.39 crore

AGC Networks completes the acquisition of Pyrios

Eicher Motors Limited announces financial results for the quarter ended June 30, 2020

TCS a Leader and Star Performer in Healthcare Provider Digital Services: Everest Group

GAIL reports Turnover of Rs. 12,060 crore, PAT of Rs. 256 crore in Ql FY21

Ahluwalia Contracts secures new order of Rs. 290 crore

Wipro Limited recognized as the winner of Data Estate Modernization 2020 Microsoft Partner of the Year

SKM Egg Products Export India Ltd board recommends final dividend of Rs. 0.50 for FY20

L&T Construction bags significant contracts from prestigious clients

Shoppers Stop Reported Revenue of Rs.60.7 Crs and EBITDA Loss of Rs. 132.8 Crs in Q1FY21







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019