MajescoMastek is a global provider of innovative technology solutions focused on Insurance and Capital Markets. MajescoMastek uniquely combines its wide intellectual property base, domain expertise, mission critical program management abilities and complex solutioning capabilities to help insurance carriers unlock business value. MajescoMastek is part of the Mastek Group with over $200 million in revenues and an employee base of 3500+ with operations across US, Canada, UK, Mainland Europe, Asia--Pacific and the Middle East.

MajescoMastek offers proven solutions in the core areas of distribution management, billing and accounts receivable, general ledger, policy administration, new business and underwriting and claims management.

To successfully compete, insurers must be able to respond quickly to market opportunity; serve customers efficiently and cost-effectively; and manage the business for performance and compliance. Oracle Insurance provides adaptive, rules-driven systems that let insurance companies easily change business processes as their business needs change, positioning them to readily respond to dynamic market conditions and take advantage of new opportunities as they arise. Oracle offers a comprehensive insurance footprint, from core systems such as policy administration, rating and claims, to document automation, business intelligence and corporate support.

SunGard’s iWorks is a business-driven IT product suite for the insurance industry in each of the following major business lines: life/health/annuities/pensions, property and casualty and reinsurance. iWorks offers a range of products and services including front-office tools, policy administration, reinsurance, actuarial calculations, financial accounting, investment accounting, and reporting. SunGard partners with customers to deliver products and services that align with changing business and regulatory needs.

Varicent delivers Compensation Management solutions for insurance companies and other high performing firms across several industries. The solution is used to drive top line revenue growth, increase operational efficiencies, retain top producers and reduce overall financial risk. With Varicent, insurance companies are able to accurately pay producers, streamline producer administration, and manage complex channel hierarchies and reporting structures. Modeling and reporting functionality enables insurance companies to optimize distribution channel performance. Varicent customers in the insurance industry include Farmers Insurance, ING, Reliance Standard and AAA.