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Insurance Illustration Systems in Europe: Report Published by Celent

Providing sales channels with efficient and reliable tools to facilitate the purchase of policies by potential customers represents a crucial challenge for most insurers in Europe.

In a new report, Insurance Illustration Systems in Europe, Celent profiles various insurance illustration solutions available in Europe today. Six full illustration systems are profiled in the report, which also features a limited profile of one solution.

This report uses Celent's ABCD Vendor View, which is a standard representation of the vendor marketplace designed to show at a glance the relative positions of each vendor in four categories: Advanced technology and technical flexibility, Breadth of functionality, Customer base, and Depth of client services.

“In an area as complex as insurance illustration, there is no one 'best' solution for all cases. Insurers should consider which factors are most important to them, and use the profiles and comparative tables in this report to generate their own short lists,” says Nicolas Michellod, senior analyst in Celent’s Insurance practice and author of the report.

"Prioritizing decision elements is crucial to minimizing the risk of choosing an inappropriate IT partner, which can make customization efforts too time-consuming and expensive," he adds.

This report examines the illustration vendors currently active in Europe. It provides details about functionality and technology attributes of illustration solutions currently on the market.

This 52-page report contains five figures and 24 tables. A table of contents is available online.

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies [NYSE: MMC]. www.celent.com.