Life Insurers Looking to Improve Portals and Digital New Business Capabilities

Insurers are mindful of supporting multiple distribution channels to provide holistic, unified experiences with an eye towards direct-to-consumer capabilities

Novarica profiles 13 illustrations systems in latest Market Navigator

Boston, MA (Mar. 23, 2021) – Life and annuities insurers employing modern illustration software are focusing on improving digital customer experiences and the speed of new business processes as interest rates stay low and competition for customers stays high. In its latest Novarica Market Navigator, Illustrations Systems, research and advisory firm Novarica provides an overview of the stand-alone illustrations systems currently available to US insurers, as well as detailed profiles of 13 vendor solutions.

“Insurers are mindful of the importance of deploying capabilities that can support multiple distribution channels and leveraging key components to provide holistic, unified experiences,” said Tom Benton, Vice President of Research and Consulting, and co-author of the report. “These factors are particularly important for supporting omni-channel capabilities, a requirement in business models that allow for direct-to-consumer capabilities.”

Illustrations Systems (Novarica Market Navigator)

Each profile summarizes the vendor organization, technology used, differentiators, client base, supported lines of business, deployment options, implementation approaches, upgrades and enhancements, and key functionality. Vendors profiled include: Andesa, CalcFocus, Ebix, Equisoft, Global IQX, illustrate inc, ImagiSOFT, Insurance Technologies, iPipeline, Novinsoft, PlanGen, Sapiens, and WELIS (an iPipeline company).

Click here for the table of contents or to access the report.

Report Summary

Life and annuities insurers employing modern illustration software are focusing on improving digital customer experiences and the speed of new business processes as interest rates stay low and competition for customers stays high. This report provides an overview of the stand-alone illustrations systems currently available to US life/health/annuity insurers. The report contains 13 solution profiles that summarize the vendor organization, technology used, differentiators, client base, supported lines of business, deployment options, implementation approaches, upgrades and enhancements, and key functionality.

Click here for the table of contents or to access the report.

About Novarica

Novarica helps more than 150 insurers make better decisions about technology projects and strategy. Its research covers trends, best practices, and vendors, leveraging relationships with more than 300 insurer CIO members of its Research Council. Its advisory services provide enterprise phone and email consultations on any topic for a fixed annual fee. Consulting services range from assessments and strategic roadmaps to vendor evaluations. For more information, visit www.novarica.com.

Source: Novarica

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