Majesco, a global provider of cloud insurance software solutions, has recently announced its acquisition of the Decision Research Corporation (DRC) business.
Known for its SaaS-based insurance software, DRC delivers enterprise rating and core solutions for the property and casualty (P&C) insurance market. This strategic move adds over 20 P&C customers to Majesco’s expanding customer community.
This acquisition is a significant step in advancing Majesco’s P&C solutions, delivering critical technologies to foster growth strategies, innovation, and speed in responding to the dynamically changing risk and market demands.
DRC has carved a niche in the P&C insurance market with its market-leading enterprise rating and core platform solutions. Specialising in addressing the complex needs of large insurers and the unique demands of smaller insurers and MGA/MGU markets, DRC has been pivotal in the industry for its innovative approach and rapid adaptability to market changes.
The acquisition broadens Majesco’s solution offerings, enhancing operational efficiency and innovation capabilities. It further cements Majesco’s customer-centric growth strategy and commitment to simplifying insurance processes. Moreover, the integration of DRC’s enterprise rating engine with Majesco’s policy solutions for P&C will foster consistency, flexibility, and market responsiveness.
Majesco CEO Adam Elster expressed enthusiasm, “We’re thrilled to welcome DRC’s customers to our community and look forward to working with them to fast-track their growth, innovation and customer excellence strategies.
“DRC’s market leading solutions complement and extend our cutting-edge solutions for the P&C insurance segment, offering a portfolio of some of the most robust and innovative solutions in the market. We are excited to have the talented DRC team bring their extensive knowledge and market experience in these crucial and growing market segments and support our growing customer base.”
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