Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced that Erie Insurance (ERIE), a multi-line insurance company, will upgrade to Version 11 of Majesco Billing for P&C and move from on-premise to Majesco CloudInsurer®.
ERIE has been a long-term customer of Majesco. The company offers auto, home, business and life insurance through a network of independent agents across 12 states and the District of Columbia. ERIE is recognized as the 11th largest homeowners’ insurer and 12th largest automobile insurer in the United States based on direct premiums written and the 16th largest P&C insurer in the United States based on total lines net premium written. A Fortune 500 company, ERIE has nearly 6 million policies in force and is rated A+ (Superior) by A.M. Best and consistently recognized for its commitment to customer service.
“We understand that enhancing our digital capabilities is crucial to maintaining agent and customer satisfaction,” says Matt Oldach, IT director for ERIE. “Given today’s rapid market shifts, we recognized the need for new and innovative payment methods, billing plans, access to real-time billing information and electronic billing options. We’re excited to deepen our strategic partnership with Majesco and are confident the upgrade and migration to the cloud solution will better position us to grow our business, rapidly adapt to changing market demands and further enhance our customer and agent experience.”
Majesco Billing for P&C provides rich, broad capabilities with out-of-the-box functionality, content and options that empower today’s companies to rapidly respond to market scenarios and customer demands. By upgrading to the latest version and migrating to the cloud, ERIE is modernizing and optimizing its business while providing the necessary agility and speed that can make all the difference in customer loyalty. ERIE is also considering implementation of Majesco’s Insurance Data and Analytics Platform including the Enterprise Data Warehouse which will provide a holistic view of its business operations at any level.
“We’re honored that ERIE is expanding our long-standing partnership with its upgrade of Majesco Billing for P&C, move to CloudInsurer® and implementation of Majesco Insurance Data and Analytics Platform,” says Prateek Kumar, EVP of Americas at Majesco. “We have long been recognized as the market leader in Billing, providing capabilities needed today but also for tomorrow to strengthen the customer experience, placing billing front and center. Whether meeting new billing demands or supporting new products, Majesco Billing for P&C provides our customers a solution that quickly responds to meet these shifting needs when they need it most.”
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® 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.