Majesco, a global provider of core insurance software, consulting and services for insurance business transformation, has released its next 'Majesco Distribution Management' solution.
The company said, "Majesco Distribution Management is designed to uniquely support all lines of business across P&C and L&A (Individual and Group) as well as all channels and is pre-integrated with Majesco Business Analytics and Majesco's digital portal and mobile capabilities."
"This new release, built on the Majesco Configuration Toolset, expands configuration and integration areas within distribution management. In addition, the release includes expanded capabilities that are designed to improve insurers' ability to manage productive channel relationships including enhanced contracting and appointments and hierarchy management," it added.
Shares of the company gained Rs 21.4, or 6.51%, to trade at Rs 349.90. The total volume of shares traded was 41,963 at the BSE (2.59 p.m., Friday).