Majesco Press Release – Millers Mutual Selects Majesco’s Cloud-Native Digital1st® Insurance Platform
Next-generation digital platform selection expands partnership
Morristown, NJ – May 26th, 2020 – Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced their partnership with Millers Mutual to use cloud-native Digital1st® Insurance platform to develop their next generation engagement and experience for customers, agents and employees.
Millers Mutual Insurance based in Harrisburg, Pennsylvania, is a regional property and casualty insurer serving commercial policyholders in Pennsylvania, Delaware, Maryland, Ohio, Virginia and Washington, D.C., through a network of independent agents. They help single and multifamily housing and commercial real estate owners stay in business by protecting them from financial misfortune by offering a full complement of commercial insurance products and services, including businessowners policies, Umbrella liability, cyber and employment practices liability.
“In today’s digital world, customer expectations are driving new business requirements for products and experiences. With Majesco’s Digital1st® Insurance platform, we will be able to design our digital offerings to meet the needs and expectations of our customers, agents and employees,” said Lisa Kozlowski, VP of Marketing and Customer Experience. “This strategic initiative will provide a foundation for us to further develop and enhance our relationships with our agents and customers.”
Majesco’s Digital1st® Insurance is a ground-breaking, micro-services and API-based platform-as-a-service that brings the most cutting-edge business and consumer technology trends to insurance.
“Majesco’s Digital1st® Insurance platform is designed to meet the demands of today’s next-generation engagement for customers and agents who expect real-time, personalized experiences,” said Majesco’s Chief Revenue Office Jim Miller. “We’re excited about the opportunity to deepen our relationship with Millers Mutual and connect them to the latest digital technologies that will help shape the future of their business.”
Majesco (NASDAQ: MJCO) 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® eConnect, 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.
Cautionary Language Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Majesco’s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under “Item 1A – Risk Factors” in Majesco’s Annual Report on Form 10-K, as amended by its Quarterly Reports on Form 10-Q.
Important factors that could cause actual results to differ materially from those described in forward-looking statements contained in this press release include, but are not limited to: the adverse impact on economies around the world and our customers of the current COVID-19 pandemic; our ability to achieve increased market penetration for our product and service offerings and obtain new customers; our ability to raise future capital as needed; the growth prospects of the property & casualty and life & annuity insurance industry; the strength and potential of our technology platform and our ability to innovate and anticipate future customer needs; our ability to compete successfully against other providers and products; data privacy and cyber security risks; technological disruptions; our ability to successfully integrate our acquisitions and identify new acquisitions; the risk of loss of customers or strategic relationships; the success of our research and development investments; changes in economic conditions, political conditions and trade protection measures; regulatory and tax law changes; immigration risks; our ability to obtain, use or successfully integrate third-party licensed technology; key personnel risks; and litigation risks.
These forward-looking statements should not be relied upon as predictions of future events and Majesco cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by Majesco or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Majesco disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.