Morristown, NJ (Sept. 7, 2023) \u2013 Majesco, a global leader of cloud insurance platform software for insurance business transformation, is pleased to announce Frank Winston Crum Insurance (FWCI), a commercial insurance carrier, has selected Majesco Policy and Billing for P&C, Distribution Management on Majesco\u2019s cloud platform. This investment will help FWCI support their growth plans for their current product offerings and accelerate their ability to bring new products to market quickly to meet new risk and market demands.<\/p>\n
FWCI was founded in 2003 as a commercial insurance carrier and has grown from a single-state carrier to one licensed in 42 states. Its extensive product portfolio, value-added services and carefully selected agent network has helped them expand into markets across the U.S. Today, FWCI partners with agents to offer reliable and affordable workers\u2019 compensation and general liability insurance to small and mid-sized businesses with planned expansion into new markets and product lines.<\/p>\n
\u201cWe are passionate about providing the best insurance experience for those we serve. Investing in next gen technology aligns with our strategy to constantly innovate and challenge the status quo,\u201d said Matt Crum, President of FWCI. \u201cOur strategic partnership with Majesco will modernize our insurance platforms, transform our business operations, fuel growth for existing lines of business, and accelerate our ability to offer new products to address the risk and market demands of our customers.\u201d<\/p>\n
FWCI currently writes General Liability with Inland Marine and Excess for artisan contractors in multiple states, as well as workers\u2019 compensation in over 40 states. With Majesco\u2019s solutions, the organization plans to write several new lines in the near future, to potentially include ISO General Liability with Liquor as a coverage and new greenfield BOP with bi-peril rating. Majesco Policy and Billing for P&C empowers customers to optimize operations, enhance customer experiences and drive growth and profitability<\/p>\n
\u201cWe are thrilled to partner with FWCI as they transform their operations and grow their business with new and innovative products for their customers,\u201d says Prateek Kumar, EVP of Sales. \u201cOur commercial lines depth and strength, focus on speed to market, and diverse solution portfolio that is deeply integrated is a natural fit for the FWCI team that is looking to accelerate growth and innovation for their business and customers.\u201d<\/p>\n
Majesco (NASDAQ:MJCO)<\/em> is the partner P&C and L&A insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what\u2019s next, without losing sight of what\u2019s important now. Over 350 insurers, from greenfields and startups to some of the world\u2019s largest insurers, rely on Majesco\u2019s SaaS platforms solutions of core, data, analytics, digital, and rich ecosystem of partners to create their next now. As an industry leader, we don\u2019t believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 900+ successful implementations we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute. For more information, visit www.majesco.com<\/a>.<\/p>\n SOURCE: Majesco<\/i><\/p>\n