Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Raffles Health Insurance, Singapore Selects Majesco's Health Core Platform

Posted On: 2018-03-19 10:41:01

Majesco (NYSE American: MJCO), a global provider of platform software solutions and consulting services for insurance business transformation has announced that Raffles Health Insurance ("RHI"), a leading healthcare insurance company based in Singapore, has selected Majesco's Health Core platform to transform their business by creating a compelling, integrated experience for their customers and stakeholders.

RHI, incorporated in 2004, commenced operations as a general insurer and transitioned to a life insurer in March 2006 under the purview of the Monetary of Authority of Singapore. RHI is a wholly-owned subsidiary of Raffles Medical Group, a leading integrated healthcare service provider in Singapore. RHI offers both corporate group benefit plans and individual health plans.

Majesco's Health Core platform will provide RHI with a single cloud platform to manage, administer and service their individual and group insurance. The platform will integrate with Central Provident Fund of Singapore and work in conjunction with the applications hosted by Ministry of Health to handle medical insurance with respect to Singapore residents. The platform will help RHI improve efficiencies and accelerate time to market with products and services.

Ms. Christine Cheu, General Manager, RHI said, "We are pioneering the next generation of health insurance. With Majesco's Health Core platform, we aim to provide best in class healthcare experience to our stakeholders. Majesco's experience in this domain in the Asia Pacific ("APAC") region gives us the confidence that their expertise will help us achieve our goal of being a leader in the health insurance space."

Ketan Mehta, CEO and Co-Founder of Majesco, said "the insurance dynamics are changing rapidly with significant emphasis on speed to value, digital enablement and improving the customer experience. We are excited to have RHI join our growing customer community and honored to partner with a forward-thinking and innovative health insurer. We thank them for their confidence in our team and solutions."

Majesco Health Core platform provides insurers a single platform for individual and group health products for the APAC region. The platform includes policy, billing and claims with out-of-the-box functionality supporting the end to end lifecycle from product setup and rating to service. The platform is unique in that the platform is designed to support indi­vidual and group health products on a single platform, enabling portability to retain employees as indi­vidual customers. The platform is used for the APAC region only.

Shares of Majesco Ltd was last trading in BSE at Rs.480 as compared to the previous close of Rs. 489.85. The total number of shares traded during the day was 9224 in over 386 trades.

The stock hit an intraday high of Rs. 494.3 and intraday low of 473.95. The net turnover during the day was Rs. 4468017.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

IOC declares interim dividend of Rs. 6.75 for 2018-19

Premier Explosives Ltd bags order from Israel Company

Advanced Enzyme Technologies Ltd bags award in UBM India Pharma Awards 2018

CARE revises ratings on bank facilities of Dilip Buildcon Ltd

Jain Irrigation bags order of Rs. 584 crores

IOC announces buy back of 29,76,51,006 equity shares at Rs. 149

Lupin receives tentative US FDA approval for Dimethyl Fumarate Delayed Release Capsules, 120 mg and 240 mg

YES BANK updates on today's board meeting

Techno Electric & Engineering Company Ltd approves buy-back of 26,82,400 shares

Ganesh Films India Ltd acquires North India distribution rights for 'KANAA'

TVS Motor Company rolls out the 50,000 unit of the BMW 310cc series motorcycle

Maruti Suzuki receives 'Commendation for Significant achievement' at CII-ITC Sustainability Awards'18

Steel Strips Wheels Ltd receives 90,000 Truck Wheel Order

SeQuent receives EIR from USFDA for its Analytical Lab at Mangalore

Ashoka Buildcon L-1 for Jharkhand Bijli Vitran Nigam Limited's project

Goldiam International Ltd arm closes factory

New Version of Connected Clinical Trials Platform Launched at TCS ADD Vantage

VivoHub teams with Tata Communications

Unichem and its subsidiary asked to pay Euro 13.96 mn

Talwalkars Lifestyles Ltd launches AI based Welness Program

Suzlon secures 50.4 MW order from Atria Power

Amara Raja Batteries Limited announces superannuation of CFO

Everest Group PEAK Matrix™ Recognizes Sasken as an Aspirant in Digital Services

Sonata Software to acquire Sopris Systems

DLF Ltd approves QIP of upto 17.30 crore shares

SORIL Infra Resources Ltd to foray into financial services business in rural India

Strides receives USFDA approval for Lidocaine Ointment

EU General Court upholds the European Commission's decision in Perindopril litigation

CARE assigns CARE D rating to Taneja Aerospace and Aviation Limited

Scan Steels Ltd calls for board meeting on Dec 18, 2018

Mr Saurabh Chawla, Group CFO of DLF Ltd quits

Pointer Telocation and Pricol sign LOI to form a JV for Telematics Solutions in India and South East Asia

Wipro Achieves 'Cloud Elite' status in Oracle PartnerNetwork Cloud Program

Jubilant FoodWorks allotted 51 lakh shares in Bangladesh JV

Music Broadcast Ltd board to consider stock split

TCS Recognized as a Leader in Gartner Magic Quadrant for Application Testing Services, WW

Ambuja Cements Ltd approves expansion plan of 1.4 MT additional clinker capacity

TVS Motor Company wins 2 key awards at CII - ITC Sustainability Awards 2018

Tribhovandas Bhimji Zaveri Ltd to shift Ghatkopar showroom

Mr. Ajay Kapur, MD& CEO of Ambuja Cements Ltd resigns

AGIO Paper & Industries Ltd approves fund raising of Rs. 5 crores

IL&FS Transportation Networks Ltd gets provisional completion certificate for project in Jharkhand

Ramco Systems continues to strengthen foothold in the U.S. Defense space

Amrutanjan Health Care bags award

TCS Scores a Gold in the EcoVadis CSR Assessment for Fifth Year in a Row

McDonald's expands its footprint in Kerala with its first outlet in Thiruvananthapuram

Tata Communications discovers digital transformation disparity in new study

Premier Chennai Properties Ltd appoints Non-Executive Independent Director

ICRA revises rating of Remsons Industries Ltd

CRISIL Ratings on the bank facilities of Krypton Industries Limited

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

disclaimer copyright © 2005 - 2018