MajescoMastek

MajescoMastek is the North American subsidiary of Mastek. Mastek has 3300 employees operating in 8 countries across the globe.

MajescoMastek delivers software for core insurance functions. These include Policy Administration, Underwriting, New Business Processing, Billing, Claims, Product Modeling, Incentive Compensation and Producer Lifecycle Management. Additionally MajescoMastek offers insurance specific IT services for testing, data conversion, data-warehousing/BI, mobility, enterprise integration and BPM.

History

MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek was founded in 1992. In 2005, MajescoMastek acquired Entegram LLC, a Connecticut-based software solutions company. In 2007, MajescoMastek acquired Vector Insurance Services a technology solutions provider and third-party administrator that focuses on the North American life and annuity insurance industry. Systems Task Group (STG) an IP-based enterprise solutions provider to the North American property and casualty (P&C) insurance industry was acquired in 2008. In 2009, MajescoMastek entered the Canadian Market. SEG Software, LLC, a leading provider of policy administration systems covering individual and group life, health & annuity insurance products was acquired by MajescoMastek in 2010.

Awards & Recognition

2007: MajescoMastek's automated claims processing solution developed for CUNA Mutual was ranked first by INN (Innovators Awards).
2009: MajescoMastek's clients won Celent Model Carrier Award for the solutions implemented in L&A and P&C Categories.
2009: MajescoMastek's STG Billing solution developed for Farmers Alliance Mutual Insurance (FAMI) won the overall Celent Model Carrier Award.
2009: Ranked Global top 100 FinTech, a ranking of IT companies catering to financial services industry customers compiled by the American Banker magazine.
2010: MajescoMastek's Elixir Distribution Management (EDM) solution rated 'Positive' in Gartner's Incentive Compensation Management (ICM) Marketscope report.
2012: MajescoMastek wins two CelentXCelent Awards for STG Billing.
2013: MajescoMastek's STG Policy Named XCelent Award Winner.