Majesco USA, the insurance arm and a subsidiary of Majesco has informed that the New York State Insurance Fund (NYSIF) has selected Majesco Billing on Majesco CloudInsurer. The transformation program will convert their legacy systems onto Majesco Billing on Majesco Cloudlnsurer, providing a single platform for the business. The advanced architecture platform will enable integration with their large number of banks and payment channels, while supporting regulatory requirements.
NYSIF was established in 1914 as part of the original enactment of the New York Workers’ Compensation Law. The Fund’s mission is to guarantee the availability of workers' compensation insurance at the lowest possible cost to employers, while maintaining a solvent fund, as well as to provide timely and appropriate indemnity and medical payments to injured workers.
Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions which include software, consulting and services.
