MajescoMastek, the U.S. subsidiary of Mastek Limited, hasannounced its STG Billing solution has been recognized as the mostwidely used property/casualty insurance billing solution in arecent Novarica Market Navigator report.

"U.S. Property/Casualty Billing Solutions 2010 (Q1)" highlightsthe current solutions provider marketplace for P&C billingsystems as a means for carriers to analyze and identify potentialvendors.

"Our report provides details on more than a dozen billingsystems providers for P&C carriers," says Matthew Josefowicz,director of the insurance practice at Novarica and co-author of thereport. "The market for stand-alone billing services grew by morethan 25 percent over the last two years, with a number of newentrants in the space. MajescoMastek's STG Billing solution notonly has the largest number of stand-alone billing clients among USP&C insurers, it has added more live clients in the last twoyears than any other provider."

"We are very gratified and encouraged to be recognized as theproven billing leader in the P&C insurance industry, and ourtrack record is now fueling our success with larger carriers," saysBilly McCarter, MajescoMastek's senior vice president of delivery."We continue to work with our customers to ensure our billingsolution meets their business needs, helps improve efficiencies,and provides a better experience for both customer andcarrier."

"As the industry evolves within the current marketplace, we haveadapted our billing system to fit the changing needs of ourclients--focusing on making our solutions 'agent and insuredself-service' oriented with support for user-configurable businessrules and payment plans," says MajescoMastek's AnilChitale, senior vice president and P&Cpractice leader. "We also recently launched our fourth version ofthe solution, making it SOA/Web services compliant to easeintegration while also incorporating new technologies to improvethe end-user experience."