Tokio Marine Implements MajescoMastek Billing

Tokio Marine Management, U.S. manager for Japan's oldest and largest property/casualty insurer, will use Commercial Billing Lines, an insurance solution product created by MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited.

The Commercial Lines Billing system is designed to streamline the billing process, and increase the time and cost efficiencies for companies and their clients. A custom billing platform is said to provide additional capabilities, such as agency billing for the company.

MajescoMastek says it went from being part of a multi-vendor consortium brought together to deliver a best-of-breed solution, to becoming the sole solutions provider. By leveraging its global experience and proprietary knowledge in the insurance IT field, MajescoMastek completed the transformation of Tokio Marine Management’s Commercial Lines Billing system, the company says.