Press release

Capgemini and Majesco Become Alliance Partners

Sponsored by Businesswire

today announced it has signed an alliance partner agreement with
Majesco (NASDAQ:MJCO), a global leader of core insurance software for
insurance business transformation. In the agreement, Capgemini will
bring its extensive insurance innovation, customer service and digital
capabilities to implementations of the Majesco Life & Annuity (L&A) and
Group Core Suite for insurance carriers in the life, annuity, group,
worksite, and voluntary benefits market, helping them to achieve speed
to value.

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“Disruption is creating unprecedented growth and innovation
opportunities in the insurance industry,”
said Seth Rachlin, Chief
Innovation Officer for Insurance, at Capgemini. “Customer
expectations are moving insurers rapidly to a new generation of
digitally superior insurance which requires continuous innovation to
acquire and retain customers, introduce products faster, improve
efficiency, and reduce costs.”

Capgemini already has implementations underway of the Majesco L&A and
Group Core Suite, which includes policy, billing, and claims modules.
Capgemini is teaming with Majesco to provide business and systems
transformation capabilities along with implementation, integration,
conversion, and testing services to group and individual insurers.
Additionally, Capgemini will bring its insurance expertise, ecosystem,
and InsurTech partnerships to an upcoming L&A and group platform
offering with Majesco L&A and Group Core Suite at its heart. The
platform will allow insurers to become “Open Insurers” that leverage API
and services architectures to rapidly build a digital ecosystem to
overcome legacy system setbacks.

“The L&A and Group insurance market is undergoing rapid innovation
and transformation that demands modern core solutions underpinned by
strategic partnerships that enable implementation in months versus
stated Adam Elster, CEO of Majesco. “Our relationship
with Capgemini will bring business and technology transformation and
systems integration expertise to our customers to achieve speed to value.

As we accelerate our growth plans, we want to ensure that our
customers have access to the best products, expertise, knowledge and
leadership critical for their business innovation and transformation
plans, regardless of insurer line of business, size or market. This
announcement reinforces our commitment to strategic alliance
partnerships that deliver exceptional value to our customers.”

About Majesco

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 190
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™
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

About Capgemini

A global leader in consulting, technology services and digital
transformation, Capgemini is at the forefront of innovation to address
the entire breadth of clients’ opportunities in the evolving world of
cloud, digital and platforms. Building on its strong 50-year heritage
and deep industry-specific expertise, Capgemini enables organizations to
realize their business ambitions through an array of services from
strategy to operations. Capgemini is driven by the conviction that the
business value of technology comes from and through people. It is a
multicultural company of over 200,000 team members in more than
40 countries. The Group reported 2018 global revenues of EUR 13.2

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