MajescoMastek Completes Successful Billing Transactions Conversion for Bituminous Insurance Companies

STG Billing Fulfills Demanding Customer Service Requirements at Chicago Insurance Companies

NEW YORK, Oct. 6 /PRNewswire/ -- MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited (NSE: MASTEK), announced today the successful implementation of its STG Billing and Accounts Receivable system at Bituminous Insurance Companies (Bitco).

A web-based configured billing application, STG Billing helped Bituminous successfully convert more than 42,000 policies and approximately 1 million legacy billing transactions. The new billing system enables Bitco companies to meet increasingly demanding customer service requirements and regulatory changes, as well as provides new and flexible payment options to its policy holders.

"Completing this large conversion of policy and billing transactions with MajescoMastek's STG Billing Solution will help drive business for our insurance companies," said Dennis VanderVinne, VP Accounting & Asst Treasurer. "As the demands and expectations of policyholders and agents continues to increase, STG Billing will help meet those needs and put Bitco at the forefront of the industry."

The STG Billing solution provides property and casualty insurance carriers and Managing General Agents (MGAs) with a standard set of interfaces as well as Web services that are leveraged to integrate with virtually any application.

William McCarter, Global Delivery Executive, North America, "The upgrading of Bitco's legacy billing system will not only streamline their policy and billing practices, but also drive innovation for the company in the years ahead."

About Bituminous

Bituminous Insurance Companies (Bitco) and its subsidiaries are a part of the Chicago-based Old Republic International family of companies. Bituminous provides quality insurance services to special industries including construction, forest products and oil & gas. Primarily Bituminous is known for workers compensation, general liability, commercial automobile and commercial property insurance lines. A network of local service offices ensures highly trained people accessible to the insured, supporting the belief that there is no substitute for personal, local service.

About MajescoMastek

MajescoMastek, is a global provider of innovative technology solutions focused on Life & Annuity carriers, Property & Casualty carriers and Capital Market firms. For over 27 years, we have combined our leading products, people, and processes to drive business impact and competitive advantage. MajescoMastek is part of the Mastek Group with over $200 million in revenues. MajescoMastek enables technology enabled business transformation and has a track record of successful implementations.

MajescoMastek uniquely combines its wide intellectual property base, domain expertise, mission-critical program management abilities and complex solutions capabilities to help insurance carriers unlock business value. MajescoMastek delivers proven solutions in core insurance areas including Incentive compensation, producer lifecycle management, billing, policy administration, new business processing and claims. With employee strength of over 3500 people and operations across U.S., Canada, U.K., Mainland Europe, Asia-Pacific and the Middle East.

For more information, please visit us on the Web at www.majescomastek.com.

    Contact:
    Ashish M. Jha
    (646) 731-1046
    ashishmj@majescomastek.com

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