MajescoMastek Implements Commercial Lines Billing System for Tokio Marine Management

- Comprehensive Insurance Solution to Increase Efficiencies Across the Board -

Aug 31, 2010, 09:38 ET from MajescoMastek

NEW YORK, Aug. 31 /PRNewswire/ -- MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited (NSE: MASTEK), announced today the official "go-live" of the Commercial Lines Billing implementation at Tokio Marine Management (TMM), U.S. manager for Japan's oldest and largest property and casualty insurer.

The implementation of the Commercial Lines Billing system streamlines the billing process, increasing time and cost efficiencies for the company and its clients. Additionally, the new custom billing platform will provide additional capabilities, such as Agency Billing for the company.

"In today's economy, customers are increasingly focused on reducing cost and increasing efficiency," said Mike Dufton, President at MajescoMastek. "Working as a strategic partner, we were able to meet this need for TMM by aligning IT with the company's goals."

When the project was initiated, MajescoMastek was part of a multi-vendor consortium brought together to deliver the best of breed solution. By leveraging its global experience and proprietary knowledge in the insurance IT field, MajescoMastek became the sole solutions provider, successfully completing the transformation of TMM's Commercial Lines Billing system.

"We recognized the need to implement a comprehensive insurance solution to decrease cost and improve performance," said Fred Danback, CIO of TMM. "We cast a wide-net to find solutions providers who could help transform our current system and MajescoMastek had both the knowledge and capabilities to complete this complicated process."

About Tokio Marine Management

Tokio Marine Management, Inc. is the U.S. manager for the U.S. insurance operations of Tokio Marine & Nichido Fire Insurance Co., Ltd.(Japan), Japan's oldest and largest property and casualty insurer. Tokio Marine & Nichido Fire Insurance Co., Ltd. is a core member of Tokio Marine Holdings, Inc., an insurance holding company that has property and casualty and life insurance operations worldwide.

Tokio Marine Management does business through major insurance brokers and independent agents throughout the United States. Their clients range from main street to some of the largest organizations in the world.

About MajescoMastek

MajescoMastek is part of the Mastek Group, a global provider of innovative technology solutions focused on Life & Annuity carriers, Property & Casualty carriers,  Capital Market firms, and the public sector.  For over 28 years, we have combined our leading products, people, and processes to drive business impact and competitive advantage.  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. Mastek has over 3200 employees and offices across the globe.

For more information, please visit us on the Web at www.majescomastek.com, or call 1 800 249 9540.

Contact:

Ashish M. Jha

(646) 731-1046

ashishmj@majescomastek.com



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