New York-based Gerber Life Insurance has selected MajescoMastek’s Elixir North America policy administration platform to manage all its business lines.
As a part of Gerber Life’s two-year transformation and modernization initiative, MajescoMastek will also provide a range of additional services for core policy administration processes.
Gerber Life Information Technology & Operations senior vice president Mike Borowski said, "With the Elixir North America platform, we can cost-effectively develop new products and processes to better service our policyholders and producer channels, while we also become self-sufficient in the years ahead; enabling us to continuously evolve the business model to meet changing demands and capture additional market share."
The Elixir North America platform provides comprehensive functionality which includes new business and underwriting, policy issue and administration, policyholder services, billing and collections, reinstatements and terminations, claims, accounting and reinsurance.
The insurer is expecting the platform to provide fully modernized infrastructure, enhanced customer service for its consumers and producers, facilitation of real-time transactional events and improved speed-to-market for new products.
Founded in 1967, the insurance company provides affordable, juvenile life insurance and other financial products to young families.