Singapore-based Raffles Health Insurance (RHI) has selected Majesco’s Health Core platform to improve efficiency and speed up time to market with products and services.
Set up in 2004, RHI started its operations as a general insurer. Under the purview of the Monetary of Authority of Singapore, the company transitioned to a life insurer in March 2006.
RHI operates as a wholly-owned subsidiary of Raffles Medical Group, a provider of integrated healthcare service in Singapore. The company provider both corporate group benefit plans and individual health insurance products.
Majesco’s Health Core solution will offer RHI with a single cloud platform to manage, administer and service their individual and group insurance.
The platform includes policy, billing and claims with functionality supporting the end to end lifecycle from product setup and rating to service, the technology vendor claims.
The platform, used for the APAC region, will integrate with Central Provident Fund of Singapore and work in conjunction with the applications hosted by Ministry of Health.
RHI general manager Christine Cheu said, “We are pioneering the next generation of health insurance. With Majesco’s Health Core platform, we aim to provide best in class healthcare experience to our stakeholders. Majesco’s experience in this domain in the Asia Pacific (APAC) region gives us the confidence that their expertise will help us achieve our goal of being a leader in the health insurance space.”
Majesco CEO and co-founder Ketan Mehta said, “The insurance dynamics are changing rapidly with significant emphasis on speed to value, digital enablement and improving the customer experience. We are excited to have RHI join our growing customer community and honoured to partner with a forward-thinking and innovative health insurer.”