MajescoMastek, the U.S. subsidiary of Mastek Limited, has announced its STG Billing solution has been recognized as the most widely used property/casualty insurance billing solution in a recent Novarica Market Navigator report.

"U.S. Property/Casualty Billing Solutions 2010 (Q1)" highlights the current solutions provider marketplace for P&C billing systems as a means for carriers to analyze and identify potential vendors.

"Our report provides details on more than a dozen billing systems providers for P&C carriers," says Matthew Josefowicz, director of the insurance practice at Novarica and co-author of the report. "The market for stand-alone billing services grew by more than 25 percent over the last two years, with a number of new entrants in the space. MajescoMastek's STG Billing solution not only has the largest number of stand-alone billing clients among US P&C insurers, it has added more live clients in the last two years than any other provider."