Mastek Ltd.

Mastek’s subsidiary -MajescoMastek, the provider of core insurance systems and services to over 80 P&C and Life Insurance Carriers in North America, has declared that Foresters, a leading life insurance provider and customer of MajescoMastek has successfully deployed and is now in production with MajecoMastek's Elixir North America Policy Administration System (PAS) and New Business & Underwriting (NB&U) solution.

With both these systems now in production, Foresters has achieved a major milestone in its transformational initiative, ‘Foresters Invests in Transformation’ (FIT). The FIT program is designed to modernize Foresters infrastructure, dramatically reduce unit costs for both policy acquisition and in-force policy administration, and enhance the member and producer services platform to position the organization for growth.

Mastek is a high-end provider of vertically-focused enterprise technology solutions and platforms that unleash the optimum potential of its clients' business. Its vertical focus includes insurance (Life, Pensions and General), Government/Public Sector, and Financial Services sectors.