{"id":58868,"date":"2019-09-03T16:28:58","date_gmt":"2019-09-03T20:28:58","guid":{"rendered":"https:\/\/staging.majesco.com\/?post_type=press&#038;p=58868"},"modified":"2022-11-19T13:57:41","modified_gmt":"2022-11-19T18:57:41","slug":"kookmin-best-insurance-company-is-live-with-majesco","status":"publish","type":"press","link":"https:\/\/staging.majesco.com\/?press=kookmin-best-insurance-company-is-live-with-majesco","title":{"rendered":"Kookmin Best Insurance Company Is Live with Majesco P&#038;C Core Suite on CloudInsurer\u00ae, Majesco Digital1st Electronic Billing and Payments&#x2122;, and Majesco Enterprise Data Warehouse"},"content":{"rendered":"<p><strong>Morristown, NJ \u2013 September 3, \u00a02019<\/strong> \u2013 Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced that Kookmin Best Insurance Company US Branch (KBICUS), the US operation of KB Financial Group based in South Korea, is live with Majesco P&amp;C Core Suite on CloudInsurer\u00ae, Majesco Digital1<sup>st\u00ae<\/sup> Insurance Electronic Billing and Payments, and Majesco Enterprise Data Warehouse.<\/p>\n<p>With an A.M. Best Rating of A (Excellent), KBICUS provides top class insurance services to small and mid-sized businesses throughout CA, NJ and NY. Headquartered in Ridgefield Park, New Jersey, with a branch office in Glendale, California, KBICUS provides commercial insurance, including business owners policy and commercial property and umbrella coverage.<\/p>\n<p>\u201cKBIC US is focused on becoming the industry\u2019s leader in terms of customer value. Because of our close relationships with customers, KBIC US has a better understanding of their unique, diverse needs and wants and can design our products accordingly, and with a multicultural and multilingual perspective in mind,\u201d commented Christopher Kwon, President at KBIC US Branch. \u00a0\u201cWe appreciate the care, effort and follow up from Majesco as we partner with them to implement the system that will help us continue to deliver the best possible products and services to our customers and their businesses.\u201d<\/p>\n<p>Majesco CloudInsurer\u00ae is helping insurers take advantage of new markets, new products and new paths to growth. With Majesco P&amp;C Core Suite, Majesco is redefining speed \u2013 helping insurers transform complexity, create innovation, and meet the demands of a new generation of insurance. The suite delivers end-to-end capabilities to streamline the entire insurance lifecycle with policy through billing and claims. The powerful design allows for rapid adaptation for new, innovative products, enabling insurers to implement a new foundation for growth and innovation in as little as 12 weeks.<\/p>\n<p>\u201cWe are honored to welcome KBIC to our customer community,\u201d commented Ed Ossie, COO for Majesco. \u201cThe growth opportunities in the commercial lines of business with new, innovative products that are being demanded by small and medium business owners is just beginning. Our deep experience and knowledge of this market segment, combined with our robust capabilities is a game-changer in terms of helping companies capture these market opportunities and meet their customer\u2019s unique needs. We are excited to be KBICUS\u2019s partner of choice as they continue on their path of transformation and growth in today\u2019s post digital age.\u201d<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>About Majesco<\/strong><\/h2>\n<p>Majesco (NASDAQ: MJCO) provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business \u2013 and the future of insurance \u2013 at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal.\u00a0 Over 200 insurance companies worldwide in P&amp;C, L&amp;A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer\u00ae P&amp;C Core Suite (Policy, Billing, Claims); CloudInsurer\u00ae LifePlus Solutions (AdminPlus, AdvicePlus, IllustratePlus, DistributionPlus); CloudInsurer\u00ae L&amp;A and Group Core Suite (Policy, Billing, Claims); Digital1st Insurance&#x2122; with Digital1st eConnect&#x2122;, Digital1st EcoExchange&#x2122; and Digital1st Platform&#x2122; \u2013 a cloud-native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse. For more details on Majesco, please visit <a href=\"https:\/\/staging.majesco.com\">www.majesco.com<\/a>.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Cautionary Language Concerning Forward-Looking Statements<\/strong><\/h2>\n<p>This press release contains forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Majesco\u2019s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under \u201cItem 1A \u2013 Risk Factors\u201d in Majesco\u2019s Annual Report on Form 10-K.<\/p>\n<p>Important factors that could cause actual results to differ materially from those described in forward-looking statements contained in this press release include, but are not limited to:\u00a0integration risks; \u00a0changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax matters; technology development risks; intellectual property rights risks; competition risks; additional scrutiny and increased expenses as a result of being a public company; the financial condition, financing requirements, prospects and cash flow of Majesco; loss of strategic relationships; changes in laws or regulations affecting the insurance industry in particular; restrictions on immigration; the ability and cost of retaining and recruiting key personnel; the ability to attract new clients and retain them and the risk of loss of large customers; continued compliance with evolving laws; customer data and cybersecurity risk; and Majesco\u2019s ability to raise capital to fund future growth.<\/p>\n<p>These forward-looking statements should not be relied upon as predictions of future events and Majesco cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by Majesco or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Majesco disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morristown, NJ \u2013 September 3, \u00a02019 \u2013 Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced that Kookmin Best Insurance Company US Branch (KBICUS), the US operation of KB Financial Group based in South Korea, is live with Majesco P&amp;C Core Suite on CloudInsurer\u00ae, Majesco Digital1st\u00ae Insurance&hellip;<\/p>\n<div class=\"wp-block-button is-style-transparent-arrow\"><a class=\"wp-block-button__link majesco-2022-read-more-link\" href=\"https:\/\/staging.majesco.com\/?press=kookmin-best-insurance-company-is-live-with-majesco\">View Full Resource <\/a><\/div>\n","protected":false},"featured_media":0,"template":"","solution":[],"customers":[289],"partners":[],"solution-categories":[],"class_list":["post-58868","press","type-press","status-publish","hentry","customers-kookmin-best-insurance-company-us-branch-kbicus"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kookmin Best Insurance Company Is Live with Majesco<\/title>\n<meta name=\"description\" content=\"Kookmin transforms business fuels growth by replacing legacy systems with Majesco\u2019s modern platform and innovative data, analytics and payment capabilities\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kookmin Best Insurance Company Is Live 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