Interest in policy administration offerings for insurance has surged in recent months, and a number of systems have emerged in the past few years. Celent profiles a majority of the life and pension insurance administration systems available in Europe today.
In a new report, European Policy Administration Systems 2009: Life and Pension ABCD Vendor View, Celent looks at policy administration systems available to life insurers in Europe. The report is part of a series on policy administration systems (PAS) in Europe, the United States, and Asia.
Full Profiles |
|
Accenture |
Accenture Life Insurance Platform (ALIP) |
Adacta |
AdInsure Life |
Airas Intersoft Ltd |
iGas |
Aquila |
Administrator |
Bravura Solutions |
Sonata TalisLife |
BSB |
Solife |
Comarch |
Comarch Life Insurance |
COR AG |
COR-Life |
CSC |
GraphTalk A.I.A |
Elips |
Life Office |
Fadata |
INSIS |
FIS Software |
ALIS |
Financial Information Technology |
LIFEfit |
FJA AG |
FJA Life Factory |
IN2 |
INsurance 2 |
Itello |
Inca |
LeanApps |
LeanApps Life |
Mastek |
Elixir |
Percana Group Ltd |
Eclipse |
Practis Holding B.V. |
Insurance Business Engines (IBSEN) |
Vereycken & Vereycken |
UL3 |
Wyde Inc. |
Wynsure |
Limited Profiles |
|
eBao Tech |
LifeSystem |
Exaxe |
LifeCycle Plus |
FINEOS Corporation |
FINEOS Policy Administration |
FirstApex |
FirstLife |
Genasys |
Software Key to Insurance (SKI) |
Geneva-ID |
aiDA – Backoffice Classic |
I2S |
GIS – Global Insurance System |
Linedata Services |
MASTERi |
Mastek |
Elixir Group |
Open Square |
Pact |
Oracle |
Oracle Insurance Policy Administration |
Profit Software |
Profit Life&Pension |
Sapiens International Corporation |
L&P Insight |
SunGard Data Systems |
Compass |
Tata Consultancy Services |
TCS BaNCS Insurance |
“The European IT vendor landscape has become increasingly difficult to navigate,� says Nicolas Michellod, senior analyst with Celent�s Insurance Group and author of the report. “Prioritizing decision elements is a crucial task in order to minimize the risk of choosing an inappropriate PAS and avoid facing time-consuming and expensive customization efforts.”
Celent profiles 37 policy administration systems vendors in Europe, with 22 full profiles and 15 limited profiles, using its ABCD Vendor View, which is a standard representation of a vendor marketplace designed to show at a glance the relative positions of each vendor in four categories: Advanced technology, Breadth of functionality, Customer base, and Depth of client services. Vendors with full profiles included in this report are: Accenture, Adacta, Airas Intersoft Ltd., Aquila, Bravura Solutions, BSB, Comarch, COR AG, CSC, Elips, Fadata, FIS Software, Financial Information Technology, FJA AG, IN2, Itello, LeanApps, Mastek, Percana Group Ltd., Practis Holding B.V., Vereycken & Vereycken, and Wyde Inc.
This 232-page report contains three figures and 74 tables. A table of contents for this report 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