The accolade recognises Elster’s exceptional leadership in driving innovation and transforming the insurance industry. The Financial Technology Report honours industry leaders who have demonstrated a strong track record of success in navigating the complexities of the financial services landscape while developing and implementing innovative solutions.

Elster was selected for this prestigious award based on his significant contributions to the financial technology sector, including his leadership in guiding Majesco’s success as a leading provider of cloud-based insurance solutions.

Speaking about the accolade, he said: “I am honored to be recognized alongside such an extraordinary group of leaders. This recognition is a testament to the incredible work of the entire Majesco team, our partners and customers whose dedication and innovative work have enabled us to deliver solutions that empower the insurance industry and thrive in an every-changing market.”

This recognition comes as The Financial Technology Report celebrates leaders who are not only responding to the rapid evolution of the industry but are also pioneering advancements that redefine the financial services ecosystem.

Under Elster’s leadership, Majesco has solidified its position as a trusted forward-thinking partner to insurers, MGAs, reinsurers and brokers by delivering innovative intelligent solutions that help customers quickly adapt to markets shifts, market demands, and new risks. Majesco has built a reputation on helping clients drive operational excellence, innovation, and transform the way insurance is done in a new modern era.