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Policy admin revamped at Wawanesa Life

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CIOL Bureau
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NEW YORK: MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited announced that Winnipeg-based Wawanesa Life Insurance Company (Wawanesa Life) has selected MajescoMastek’s Elixir North America as its new policy administration system for individual life and annuity products.

Wawanesa Life’s goal is to replace its current multiple legacy mainframe systems environment with a single, modern technology platform. After an extensive review of available offerings, Wawanesa Life selected the MajescoMastek Elixir solution as the best fit end-to-end platform available to meet Wawanesa Life’s objectives of straight through automated processing, reduced product development time and enhanced customer service.

“Our goal was to transform our individual life processing environment without compromising our service commitment to our brokers and policyholders. We needed a vendor that could provide the right solution and the right expertise to support us as we move forward with our goals, now and well into the future. We found the ideal combination of product, skill and commitment in the MajescoMastek team and the Elixir solution,” said Mary Nemeth, COO for Wawanesa Life.