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AGIA Live on New Upgrade to Majesco's InsPro PAS in the Cloud



Posted On : 2020-06-26 08:51:27( TIMEZONE : IST )

AGIA Live on New Upgrade to Majesco's InsPro PAS in the Cloud

Majesco (NASDAQ: MJCO), a global leader of cloud insurance software platform, today announced AGIA, Inc. completed its upgrade to Majesco's InsPro PAS and moved to the Cloud, running on AWS.

AGIA is a technologically advanced, multi-faceted, full-service broker, marketer, and administrator managing insurance and non-insurance benefit programs for over 100 affinity groups representing over 30,000,000 members. Their mission is to lead the industry in the development and delivery of insurance benefits and services that enhance the relationships between affinity organizations and their customers.

"The enhanced capabilities of the new version of InsPro PAS will allow us to sell and administer a more diverse set of product offerings to our customers," says Chris Burke, President & CEO. "By deploying in the cloud, we are able to optimize and modernize our solution as well as provide our customers with enhanced security, resiliency, scalability, and elasticity of the offerings via the system."

Majesco's InsPro PAS is an end-to-end insurance policy administration system inclusive of billing and claims that helps insurers administer a full spectrum of products to serve customers, members, and agents more efficiently. In addition, this release provides operational enhancements to streamline the business operations and improve security.

"We're so excited to help AGIA continue their business transformation and provide these enhanced features to optimize their business and increase value to their customer base," says John Heidelberger, SVP for Majesco.

InsPro Technologies was acquired by Majesco on April 1, 2020.

Shares of Majesco Ltd was last trading in BSE at Rs.342.05 as compared to the previous close of Rs. 344.75. The total number of shares traded during the day was 555 in over 59 trades.

The stock hit an intraday high of Rs. 346 and intraday low of 339.7. The net turnover during the day was Rs. 190493.

Source : Equity Bulls

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