Majesco in a release on Wednesday said that Maryland Auto Insurance successfuly implemented Majesco P&C Suite and Majesco Bureau and Content Services for their commercial auto line of business.
Majesco's Bureau and Content Services using ISO ERC, automates and integrates ISO content as well as updates that are designed to significantly improve speed to market, quality and compliance, the release added.
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The implementation aims to enable MAI to transform its business by providing enhanced customer service through real-time policy issuance as compared to days in the old environment.
The stock opened at Rs 637 and hit a high of Rs 654. At 12:10pm, over 185,000 shares were traded on both the stock exchanges.