MajescoMastek Releases New Version of Product Configuration Platform

STG Product Modeler integrates with any policy administration platform, the vendor promises.

New York-based MajescoMastek has released version 5.0 of its STG Product Modeler product configuration engine.

The platform now provides built-in ISO-based business rules, loss costs and forms logic. It also enables the extraction of rates and business rules from legacy systems, allows carriers to perform business impact analysis, features rating enhancements that support comprehensive step by step premium calculations, and can create state-specific rate filing from product definitions.

"Our team wanted to decrease the initial implementation timeframe, and decrease the effort of on-going circular maintenance," Anil Chitale, P&C Practice Leader, MajescoMastek, says in a statement.

Read about enhancements to MajescoMastek's Elixir policy administration system.]

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio