Majesco and Appulate Announce Strategic Partnership

Appulate will gain a distribution partner that offers market leading solutions for policy and distribution management for insurance carriers.

Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, and Appulate, the leading provider of forms parsing and data bridging technology, announced a strategic partnership in which Majesco will offer Appulate Uplink as an integrated component of Majesco Policy for P&C and Majesco Distribution solutions. The partnership will offer Majesco customers best-of-breed connectivity to any agency management system, improving efficiency and quality while reducing agent data entry. In turn, Appulate will gain a distribution partner that offers market leading solutions for policy and distribution management for insurance carriers.

“With this partnership, Majesco is able to offer its customers an effective and affordable turnkey solution for agent connectivity that will strengthen agent channel relationships while streamlining the insurance placement process to support evolving customer engagement strategies,” said Ed Ossie, COO for Majesco. “Adding Appulate to our partner ecosystem enhances our solution as we help our customers adapt to the changing distribution channel demands and customer expectations.”

“The industry has been vocal about the need to increase connectivity between stakeholders in the quoting process and through this partnership, we are able to offer Majesco customers a great way to do that,” said Dimitri Nikouline, Chief Technology Officer and Co-Founder at Appulate.

Uplink is a versatile middleware product that can either bridge data from the agent’s internal management software or be used by a carrier as a back-office forms parsing tool. It allows ACORD data to be more easily moved throughout the submission workflow to improve efficiency, and reduce the time associated with completing carrier application forms without the costly transaction fees associated with other solutions. When integrated with Majesco, the solution provides carriers with a complete insurance distribution system that automates the entire submission workflow from quote generation to binding and issuance.

Majesco Policy recognized as a market-leading solution is pre-defined, integrated, and maintained for ISO bureau content via Majesco Bureau and Content Services for all lines of business and states, enabling speed to market opportunities for insurance companies to introduce new products and reach new markets quickly and cost effectively to capture market share. Majesco Distribution Management is a standalone, modern solution designed to enable insurance carriers to manage the entire distribution landscape with comprehensive business capabilities that enable diverse channel options, support the increasing need of an multi-channel environment, effectively administer a range of distribution channels and producers from registration to termination, compensation and performance management, and launch innovative contests and personalize payment schedules for producers to help drive business growth.

About Majesco

Majesco enables insurance business transformation for approximately 140 insurance customers by providing solutions which include software, consulting and services.

Our customers are insurers, MGA’s and other risk providers from the Property and Casualty, Life, Annuity and Group insurance segments worldwide. Majesco delivers proven software solutions, consulting and services in the core insurance areas such as policy, billing, claims, distribution management, BI/ analytics, digital, application management, cloud and more.

For more details on Majesco, please visit www.majesco.com

Founded in 2005, Appulate offers an unprecedented level of connectivity to streamline business processes through its innovative abilities to bridge data between insurance systems.

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Media Contact
Company Name: Appulate
Contact Person: Bryan Stuart
Email: bstuart@appulate.com
Phone: (818) 717-7301
City: Agoura Hills
State: CA
Country: United States
Website: http://www.Appulate.com

ReleaseID: 530235

Source: GetNews