Morristown, NJ – December 8, 2015 – Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced that Arun Kalyanaraman, Majesco’s Director – Product Management and Innovation, will be a Co-Chair for the ACORD Employee Benefits Standards Working Group, joining Edie Bice of UNUM.
“Representation from a Solution Provider will be essential to the success of the Employee Benefits Working Group. Arun’s deep knowledge of the Employee Benefit space, as well as his understanding of new business, underwriting, distribution and policy administration is extremely valuable in helping develop standards to meet the needs of this industry,” said Sandy Hampel, ACORD Director of Life & Annuity Implementations. “Majesco demonstrates their dedication and commitment to streamlining and simplifying this industry through the utilization of ACORD Standards.”
“I am excited and honored to be part of this effort for the industry, providing experience and insights on the challenges and opportunities to help group insurers achieve easier and faster information sharing to deliver competitive advantage,” commented Arun Kalyanaraman, Director – Product Management and Innovation for Majesco. “I look forward to working with ACORD and the working group to drive the development quickly, allowing the industry to benefit and succeed.”
Majesco has a long and extensive background in the employee benefits market across multiple regions globally. Majesco Policy for L&A and Group supports individual and group benefit products—including true group, voluntary benefits, and worksite—on a single instance of a single platform, supporting all tiers of individual and group insurers for life, annuity, disability, and other non-medical health products.
Further commenting, Chad Hersh EVP of L&A for Majesco stated “Driving out the next generation industry data standards to support the diverse and growing product distribution channels for employee benefits is critically important for Group insurance companies in a fast-paced changing market. We are committed to providing leadership to the industry to help insurers leverage technology, standards and data to capture the opportunities emerging.”
Majesco enables insurance business transformation for approximately 140 insurance customers by providing solutions which include software, consulting and services.
Our customers are insurers, MGA’s and other risk providers from the Property and Casualty, Life, Annuity and Group insurance segments worldwide. Majesco delivers proven software solutions, consulting and services in the core insurance areas such as policy, billing, claims, distribution management, BI/ analytics, digital, application management, cloud and more. For more details on Majesco, please visit www.majesco.com.
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