MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited has acquired substantially all of the assets of SEG Software, a provider of policy administration systems covering individual and group life, health, and annuity insurance products.
This acquisition will expand MajescoMastek's presence and capabilities in the life and annuity policy administration arena and will accelerate the delivery of the Elixir policy administration solution at MajescoMastek and complement the existing Elixir brand of solutions that include Elixir NB+U for new business / underwriting and Elixir Distribution Management.
The SEG product engine provides market ready product and regulatory support for virtually all lines of individual and group life, health and annuity products and extends MajescoMastek's reach into the health, true group, and annuity payout markets.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
