Protective Insurance Selects Majesco P&C Core Suite for Commercial Auto & Workers’ Compensation Lines of Bus. on Majesco Cl...
28 Juillet 2020 - 11:00PM
Business Wire
Leading provider of insurance for the
transportation industry executes its vision of a new digital
business model by replacing legacy systems from three different
vendors with Majesco’s next-generation solutions
Majesco (NASDAQ: MJCO), a global leader of cloud insurance
software, today announced that Protective Insurance selected
Majesco P&C Core Suite for Commercial Auto and Workers’
Compensation claims and billing solutions on Majesco CloudInsurer®
to replace legacy solutions and modernize and optimize their
business operation and accelerate their digital transformation
strategy.
With more than 90 years of experience, Protective Insurance
Company specializes in providing insurance for the transportation
industry. Licensed in all 50 states, the District of Columbia,
Puerto Rico and all Canadian provinces, Protective provides
tailored insurance programs to trucking fleets. Its products are
backed by a dedicated safety services team, experienced claims
management and superior customer service.
“We’re committed to modernizing our existing systems by bringing
innovative, business solutions to the cloud. This technology
transformation will give us the flexibility to make the right
decisions; to pivot our direction with minimal impact to our
business,” said Jeremy Johnson, CEO of Protective Insurance. “After
a detailed and careful selection process, Majesco stood out with a
core suite that delivers advanced capabilities, user-friendly
functionality, mature cloud platform that integrates with the
transformation program already underway, and a track record of
rapid and successful delivery that will help accelerate our digital
transformation and vision for the future of insurance.”
Key to the selection was Majesco’s next-generation core suite
with out-of-the-box capabilities, robust functionality and flexible
configuration, strong roadmap, mature cloud platform, and a track
record of rapid and successful delivery that directly aligned with
Protective’s vision of creating a new business model that better
serves today’s digital-focused customer. The ability to easily
leverage data from Majesco’s systems combined with the
configurability and functionality of its core suite will be crucial
to fuelling their strategy for innovation and growth. The first
phase of the project will focus on commercial auto followed by a
second phase that will implement workers’ compensation.
“Protective’s digital business vision is very much aligned with
Majesco’s vision, making this partnership seamless from the start,”
says Adam Elster, CEO of Majesco. “Our SaaS and Cloud core
platforms have become the de-facto software-delivery model for
insurance, and we’re thrilled Protective has chosen Majesco to help
keep them at the forefront of the industry and lead in this new era
of insurance.”
About Majesco
Majesco (NASDAQ: MJCO) provides technology, expertise, and
leadership that helps insurers modernize, innovate and connect to
build the future of their business – and the future of insurance –
at speed and scale. Our platforms connect people and businesses to
insurance in ways that are innovative, hyper-relevant, compelling
and personal. Over 200 insurance companies worldwide in P&C,
L&A and Group Benefits are transforming their businesses by
modernizing, optimizing or creating new business models with
Majesco. Our market-leading solutions include CloudInsurer® P&C
Core Suite (Policy, Billing, Claims); CloudInsurer® LifePlus
Solutions (AdminPlus, AdvicePlus, IllustratePlus,
DistributionPlus); CloudInsurer® L&A and Group Core Suite
(Policy, Billing, Claims); Digital1st® Insurance with Digital1st®
Engagement, Digital1st® EcoExchange and Digital1st® Platform – a
cloud-native, microservices and open API platform; Distribution
Management, Data and Analytics and an Enterprise Data Warehouse.
For more details on Majesco, please visit www.majesco.com.
Cautionary Language Concerning Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act. These forward-looking statements
are made on the basis of the current beliefs, expectations and
assumptions of management, are not guarantees of performance and
are subject to significant risks and uncertainty. These
forward-looking statements should, therefore, be considered in
light of various important factors, including those set forth in
Majesco’s reports that it files from time to time with the
Securities and Exchange Commission and which you should review,
including those statements under “Item 1A – Risk Factors” in
Majesco’s Annual Report on Form 10-K, as amended by its Quarterly
Reports on Form 10-Q.
Important factors that could cause actual results to differ
materially from those described in forward-looking statements
contained in this press release include, but are not limited to:
the adverse impact on economies around the world and our customers
of the current COVID-19 pandemic; our ability to achieve increased
market penetration for our product and service offerings and obtain
new customers; our ability to raise future capital as needed; the
growth prospects of the property & casualty and life &
annuity insurance industry; the strength and potential of our
technology platform and our ability to innovate and anticipate
future customer needs; our ability to compete successfully against
other providers and products; data privacy and cyber security
risks; technological disruptions; our ability to successfully
integrate our acquisitions and identify new acquisitions; the risk
of loss of customers or strategic relationships; the success of our
research and development investments; changes in economic
conditions, political conditions and trade protection measures;
regulatory and tax law changes; immigration risks; our ability to
obtain, use or successfully integrate third-party licensed
technology; key personnel risks; and litigation risks.
These forward-looking statements should not be relied upon as
predictions of future events and Majesco cannot assure you that the
events or circumstances discussed or reflected in these statements
will be achieved or will occur. If such forward-looking statements
prove to be inaccurate, the inaccuracy may be material. You should
not regard these statements as a representation or warranty by
Majesco or any other person that we will achieve our objectives and
plans in any specified timeframe, or at all. You are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date of this presentation. Majesco disclaims
any obligation to publicly update or release any revisions to these
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date of this press release or
to reflect the occurrence of unanticipated events, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200728005191/en/
Laura Tillotson Director, Marketing Communications and Creative
Services + 201 230 0752 laura.tillotson@majesco.com
Majesco (NASDAQ:MJCO)
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