Unum, a provider of financial protection benefits, has selected Majesco software for policy administration and billing for its life and annuities and group products, the company announced today.
The selection expands Unum’s business with the software provider, following Unum UK’s implementation of Majesco’s administration for group protection in 2014. Unum's goal is to modernize its business to meet demands in the employee benefits market.
“As the employee benefits market continues to rapidly change and grow, our business technology platform is an important component of our continued success,” said Kate Miller, global chief information officer at Unum. “Majesco offers a robust, modern technology solution that will enable us to provide innovative and valuable financial protection benefits coupled with service excellence.”
Unum’s businesses in the U.S. and UK serve 178,000 companies across those regions, offering life, disability, accident and critical illness coverage.
