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October 7, 2009

FirstBest, MajescoMastek Form Partnership

To improve underwriting operations for property & casualty Insurers

By CBR Staff Writer

MajescoMastek, a US subsidiary of global technology solutions provider, Mastek, and FirstBest Systems, a provider of insurance software solutions for property & casualty insurance, have entered into a business alliance.

The strategic partnership will enable insurers to improve underwriting operations and ease of doing business with their agents and brokers.

The alliance fuses MajescoMastek’s STG Suite, including the STG Billing Solution, with FirstBest UMS, an underwriting workstation combined with a business analyst workstation and a web 2.0 agent portal. The combined offering will help insurance carriers with many challenges by improving agent and underwriter efficiencies, go-to market strategies and growing the size and quality of their book of business.

John Belizaire, CEO of FirstBest, said: We are excited about our strategic technology partnership with MajescoMastek. The combined solutions will help insurers go to market faster, enter new markets, improve underwriting operations, and enable visibility into the book of business for agents and underwriters.

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MajescoMastek is a provider of technology solutions focused on life and annuity carriers, property and casualty carriers, and capital market firms.

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