Majesco (MJCO)

Majesco provides cloud insurance software solutions for the business transformation of the insurance industry in the United States, Canada, Mexico, the United Kingdom, Malaysia, Singapore, Ireland, and India. It offers CloudInsurer, a cloud-based insurance platform that provides distribution management, data, and analytics solutions. The company also provides Digital1st, which offers cloud-native, digital engagement, and micro services platform-as-a-service for the insurance business; and an ecosystem of partners with apps that provide data sources and capabilities and Digital Underwriter360 for P&C, an insight-driven cloud-native underwriting SaaS. Its cloud insurance software solutions enable property and casualty/general insurance; and life, annuities, pensions and group/voluntary benefits insurers, managing general agents (MGAs), brokers, reinsurers, greenfields, and start-ups to optimize their businesses across the end-to-end insurance value chain; comply with policies, regulations, and new business models; enter into new markets; and launch new products and services. The company offers its solutions in the areas of policy, rating, underwriting, billing, claims, distribution management, digital, data, and analytics for insurance carriers, mid-market insurers, MGAs, startups, and green fields through an integrated sale and marketing platform, and client partners. In addition, it provides insurance delivery and consulting services; and survey management SaaS products for loss control and audit surveys. The company was formerly known as MajescoMastek and changed its name to Majesco in October 2014. Majesco was founded in 1982 and is headquartered in Morristown, New Jersey. As of September 21, 2020, Majesco was taken private.