📋 Tender Overview
Majesco a global leader of cloud insurance software solutions for insurance business transformation announced that Ullico Casualty Group LLC UCG a wholly-owned subsidiary of Ullico Inc. selected Majesco PC Core Suite and Majesco Enterprise Data Warehouse on Majesco CloudInsurer to underpin their digital transformation and growth strategy.Ullico Inc. founded in 1927 with initial funding from the American Federation of Labor is the nations only union-owned provider of multi-line insurance financial services and administrative products. UCG provides various commercial business owners cyber bonds fiduciary liability union liability and other insurance products to union pension and benefit plans labor officials and labor organizations for all 50 states. They have been at the forefront in providing innovative coverages for Labor such as Individual Labor Leader Investigatory Expense and Educators Liability endorsements. UCG writes policies as a Managing General Agent with multiple A.M. Best A rated insurers as of September 30 2019.Over our history Ullico has been at the forefront in providing insurance products that meet Labors needs. With the emergence of the digital era and rapid changes in the marketplace we needed new technology to underpin our digital transformation so that we would be able to respond and capture growth opportunities stated Tina Fletcher President of UCG. Through a very in-depth and detailed selection process Majesco stood out with their core suite that delivers advanced capabilities embedded industry best practices exceptional user experience and a mature cloud offering that would provide the platform for us to deliver a world-class customer experience and products. We look forward to our partnership with Majesco and what we will be able to deliver together to our customers.UCG is entering a growth period requiring modernization with a new technology platform to support growth in existing and new lines of business to meet the evolving needs of their customers while gaining operational optimization and speed to value. Key to the selection were pre-configured industry best practices and market leading capabilities customer panoramic view of quote to underwriting policy and claims to deliver a world- class experience enable UCG self-sufficiency from configuration upgrades testing and deployment and achieve a predictable and low total cost of ownership leveraging mature cloud capabilities and operation.We are excited and honored by UCGs selection of Majesco solutions to underpin their transformation that builds on their decades of trust and innovation commented Prateek Kumar EVP of Majesco. Our solutions have rapidly evolved to help insurers modernize and optimize their business but also innovate with new products services and more that meet a rapidly changing market demographic and new risk needs on our mature robust CloudInsurer platform. We look forward to our partnership and delivering speed of value to UCG and their customers.
