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Insurance Provider MajescoMastek Announces Latest Version of STG Billing System

By Deepika Mala
TMCnet Contributor

MajescoMastek, the U.S. subsidiary of global technology solutions provider, Mastek, introduced the latest version of the STG Billing system at their third annual User Conference at the Ritz Carlton in Miami, Fla.  

Ninety prominent members of the P&C and life insurance customers and prospects alongside MajescoMastek's key leadership team attended the Conference. Focusing on the theme of "Managing Business Needs with IT Agility," the agenda focused on business updates, case-studies and current, influential trends in the IT space. The sponsor of the conference was GENPACT with co-sponsor PitneyBowes.

Through the supply of readily available content and configuration using a rapid, modern toolset-driven platform with self-service support for both consumers and agents, the announcement of MajescoMastek's industry-leading STG Billing which has over 50 clients, detailed the offering's enhancement. Components include STG Billing and Collection Application: Meta data configuration and management tool and STG JBEAM, which is an automated job execution and monitoring tool.

The Insurance platform toolset was also launched by MajescoMastek. The tool helps developers design, create and manage new content including business rules workflows, user interface, data and products while empowering users to manage rules, releases and product configuration.

"We were looking to enhance an already successful system to ensure its alignment with the continually changing technological landscape," explained Michael Dufton, EVP Insurance at MajescoMastek, in a press release. "We are pleased with the updates we have implemented and are confident customers will be satisfied with its modernized platform and end-user distinction."

"MajescoMastek's user conference was an impressive event, but the most impressive aspect was the release of the new version of the billing system," said Chad Hersh, partner of Novarica's Insurance Practice, in a press release. "It delivers substantial improvements to the configurability and rules development and management capabilities, which are two areas critical to the success of a modern system."

Included in the agenda were the following sessions:

• Technology Trends that will Impact Insurers' Business, Stefan Van Overtveldt - Chief Engineer, Mastek
• Change Your Mindset- from Efficiency to Proficiency, Chad Hersh- Principal, Novarica
• Data Migration- A Voyage Worth Taking? Philip Magnall-Data Migration Manager, Mastek 
• Embarking on a Transformational Journey, Deborah Swail-VP, IT Strategy and Governance, Foresters; Nancy Manning-VP FIT, Foresters

"We were excited to reunite MajescoMastek's leaders and customers for a proactive exchange of ideas and insight," added Dufton, in a statement. "The annual User Conference supports MajescoMastek's dedication to customer satisfaction and partnership cultivation."

In related news, Genpact (News - Alert), a major player in business process and technology management and MajescoMastek, have entered into a new strategic partnership focused on the insurance industry.