F&G Selects Majesco Distribution Management, Majesco Digital1st® Insurance on Majesco CloudInsurer® to Accelerate their Digital Transformation
January 13, 2021 by Majesco
MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco, global leader of cloud insurance software solutions for insurance business transformation announced that F&G, a leading provider of annuities and life insurance, has selected Majesco Distribution Management, Majesco Digital1st® Insurance and Majesco CloudInsurer® to enable their distribution operation and growth strategy for digital transformation.
“In today’s competitive landscape, our ability to rapidly onboard numerous independent brokers, new distribution partners and support acquisition of books of business is crucial to our digital transformation strategy,” said Matt Christensen, SVP Insurance Operations at F&G. “We are proud to partner with Majesco to accelerate our digital transformation strategy better positioning F&G to capture opportunities and growth in a multi-channel world.”
F&G will be implementing Majesco Digital1st® Insurance to provide a next-generation producer engagement experience for onboarding and self-service and Majesco Distribution Management for producer relationship management and compensation management all on Majesco CloudInsurer®.
“We are thrilled to have F&G join our customer community and help them accelerate their digital transformation and growth strategy with our next generation distribution solutions,” stated Eric Bustos, Vice President of Digital1st® and Distribution Management at Majesco. “As the insurance market rapidly changes, the distribution landscape is where insurance providers can create and sustain a competitive edge and where our solutions provide the next generation capabilities, today. We look forward to a long strategic partnership with F&G.”
Majesco Distribution Management offers a next generation solution to manage the complexities of a changing distribution landscape using technology that keeps the insurance providers on the leading edge by reducing the time to implement a new distribution arrangement or consolidate the existing channel landscape onto a common platform. From managing multiple channels, to handling complex and high-volume changes, and personalizing payment schedules for channels, to accommodating integration with existing core insurance systems, Majesco Distribution Management enables agility, innovation and speed.
Majesco 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.
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