MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited has acquired substantially all of the assets of SEG Software, a provider of policy administration systems covering individual and group life, health, and annuity insurance products.
This acquisition will expand MajescoMastek's presence and capabilities in the life and annuity policy administration arena and will accelerate the delivery of the Elixir policy administration solution at MajescoMastek and complement the existing Elixir brand of solutions that include Elixir NB+U for new business / underwriting and Elixir Distribution Management.
The SEG product engine provides market ready product and regulatory support for virtually all lines of individual and group life, health and annuity products and extends MajescoMastek's reach into the health, true group, and annuity payout markets.
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