CCMSI collabrates with Majesco for its business transformation and growth strategy 

Deepthi | Myequity news | Date : 24-09-2018 18:55:00 IST

Cannon Cochran Management Services Inc. (CCMSI), the largest privately held third-party administrator, selected Majesco Policy and Billing for P&C on Majesco CloudInsurer and Majesco Insurance Data & Analytics Platform to transform their business by replacing their legacy systems to enable their growth strategy.

Majesco Policy provides pre-configured ISO content, including all rates, rules, forms, taxes, fees, and surcharges for 52 jurisdictions (including DC and Puerto Rico), and provides a well-experienced monthly bureau content update service. Together, the preconfigured bureau content and Majesco Bureau and Content Update Services are designed to provide agility, rapid product innovation, and speed to market, enabling insurance companies to introduce new products and reach new markets quickly and cost effectively. Majesco Insurance Data & Analytics Platform includes Majesco Enterprise Data Warehouse with is pre-integrated with the Majesco P&C software, Majesco Enterprise Data Model and Majesco Enterprise Business Analytics.

"From the very beginning we were impressed with the depth of business and technical knowledge and capabilities of the Majesco team," said Kerry Rademacher, VP of Underwriting at CCMSI. "The Majesco core insurance, data and cloud platforms provide forward looking solutions that will enable our ability to create innovative insurance programs to support our growth strategy. What was so exciting was their understanding of the needs of a third party administrator like us, to enable agility and innovation to support our growing, diverse customers."

Prateek Kumar, EVP of P&C Business for Majesco said: "We are excited to be CCMSI's partner in their transformation and growth strategy. With new risk needs emerging in the marketplace, property and casualty insurance programs are growing at an explosive pace, giving companies like CCM51 unique growth and innovation opportunities. We look forward to a long-term partnership as they transform their business and capture the opportunities in the era of Digital Insurance 2.0."

CCMSI is a privately held, employee-owned company that creates and provides innovative multi-line insurance program solutions inclusive of workers compensation, auto liability, property and general liability for thousands of companies. For over 40 years, they have administered individual and group self-insured programs across a wide range of industries with a focus on being transparent, innovative, proactive, consistent and flexible.

About Majesco:

Insurance business transformation is a journey of change and revitalization, a renaissance of Insurance. Approximately 160 insurance companies worldwide in P&C, L&A and Group/ Employee Benefits are transforming their businesses with Majesco's solutions. Majesco's solutions include policy management, new business / underwriting, rating, billing, claims management, distribution management, RI/ analytics, predictive modeling, digital platform with mobile and portal, testing services, cloud services, bureau and content services, transformation services, consulting services and more.

More from Myequity