MajescoMastek announces the introduction of an enhanced versionof its STG Policy Administration system, which delivers ISOelectronic rating content directly to the policy system, reducesimplementation time, and decreases on-going circularmaintenance.

Other highlights of the new capabilities introduced with thelatest version of STG Policy include:

• Enhanced underwriter desktop offersimproved support for commercial lines underwriting, bettertools for agent/ underwriter collaboration, and better informationgathering, including third party data reports;
• Configuration tools (Insurance Content Manager(ICM) for business users and Insurance Content Designer (ICD) foranalysts and IT) are now included with STG Policy. Theseconfiguration tools overlay a centralized content management layerand empower much of the business user community to quickly andeasily make common changes, freeing up valuable technical resourcesfor more complex changes.
• Multiple deployment options with STG Policynow available through traditional on premise implementation or viaa private cloud, or through a Software as a Service (SaaS)model.
• Document management capabilities have beenexpanded to support ISO based lines of business with STG Policyoffering standard ISO forms and policy documents bundled with theline of business specific template.
• Analytics and dashboards provide out of boxreports for STG Policy (and the entire STG Suite), leveraging theindustry leading business intelligence and analytics platforms toenable greater flexibility, better reporting, and businessintelligence capabilities to STG Policy and STG Suite clients.

“Our product development efforts are based on market need and wewill continue to do so to ensure we invest in providing the mostmodern technology and depth of capabilities to enable our insurerclients to successfully transform their businesses,” says AnilChitale, P&C practice leader at MajescoMastek. “This latestversion of STG Policy is our response to the demand from insurersfor flexible, feature rich systems that are capable of supportingtheir entire P&C product portfolio.”

STG Policy is a comprehensive system for property & casualtycarriers providing full life-cycle processing capabilities.MajescoMastek' s leading insurance content configuration toolkitfor business and IT users is the backbone of all products includedin the STG P&C Suite.

“We're seeing growing demand for core systems across thespectrum of carriers from Tier 1 downward, and we're also seeing anincreasing appetite for different types of deployments, from thetraditional on-premise to true SaaS solutions,” said Chad Hersh,managing director, insurance practice at Novarica. “By offeringsolutions for all sizes of carriers for both ISO and non-ISO lines,across a range of deployment options, MajescoMastek is maximizingthe appeal of the STG Policy solution. Additionally, the STGsolutions are differentiated by their use of separate configurationtools for business users and IT users, which takes the uncertaintyout of allowing business users to configure the system, which is afeature we've not seen elsewhere.”