Majesco announced that it has completed the acquisition of InsPro Technologies Corporation, a U.S. based software leader in the life and annuity insurance market.
The announcement was made before market hours today, 2 April 2020. Domestic stock markets are shut today on account of Ram Navami. Shares of Majesco dropped 4.98% to settle at Rs 242.10 yesterday, 1 April 2020.
Majesco expands their customer portfolio of leading insurers and third-party administrators who currently process over 15 million policies daily, including some with over a million policies each.
InsPro Technologies brings an insurance administration and marketing system that supports group and individual business lines, and efficiently processes agent, direct market, worksite and website generated business.
Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business - and the future of insurance - at speed and scale.
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