MajescoMastek, the U.S. subsidiary of global technologysolutions provider Mastek Limited, announced its new policyadministration software offering, Elixir North America PolicyAdministration System, an end-to-end back office solution managingof the policy lifecycle from new business to claims for life,health and annuity insurance carriers.

“We are pleased to announce our new product offering. ElixirNorth America reflects our commitment to the North America carriercommunity,” says Erik Stockwell, senior vice president of MajescoMastek.“We now have a complete policy administration suite of offeringsfor both group and individual lines of business. With the economyimproving, our timing is perfect.”

The platform now includes complete end-to-end functionality witha rules engine loaded with all of the content for productcalculations and regulatory requirements.

With the recent acquisition of SEG Software’s intellectual property andrules engine platform (PRASE), the company’s product developmentcycle and the company’s services capabilities has accelerated.Elixir provides carriers with the utmost flexibility for productdefinitions, business rules, regulatory interpretation, andautomated workflow. The single calculation engine approacheliminates the costly programming and maintenance while reducingtime to market challenges.

MajescoMastek plans to leverage its rules engine asset globallythrough its offshore insurance center in India.