Mastek Ltd said its US-based unit MajescoMastek has collaborated with Genpact to bring new model to help transform insurance carriers operations, leveraging both business process management and technology solutions.
Both the companies are also planning to develop innovative platform-based business process management solutions across the industry value chain including policy services, billing, claims, distribution management and new business and underwriting, Mastek said in a regulatory filing.
Mastek shares ended Tuesday 2.29% down at Rs229.95 on the Bombay Stock Exchange, while the benchmark Sensex closed 2.71% down at 16,022.48 points.
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