Boston, MA, USA
May 22, 2007Policy Administration Systems 2007:
Commercial Lines Vendors
Report Published by Celent
Celent’s updated and
expanded policy administration system vendor report provides in-depth
analysis and compares nearly 30 commercial lines PAS vendors.
A new report from Celent, Policy
Administration Systems 2007: Commercial Lines Vendors, provides the
most comprehensive data available about the players in this dynamic
market. The report is designed to help insurers dramatically cut the time
required to create a short list of vendors appropriate for their needs,
providing nearly 250 pages of independent research findings.
"The interest level in P/C PAS had
begun to surge at the time of the last vendor review in 2005, but since
then the market has grown — and stayed — strong,” comments Chad
Hersh, a senior analyst in Celent’s insurance group and lead author
of the report. “A number of new systems have emerged in the past few
years, while a few others have disappeared. A number of other vendors are
preparing to enter the market. The result is a highly complex vendor
landscape that is very difficult to navigate.”
Each full profile in the report includes
detailed information about each vendor solution, including:
- Company and organizational details
- Customer base and reference feedback
- System functionality (lines of business
and key functions supported)
- Usability
- Implementation times and cost.
The report makes use of Celent’s ABCD
Vendor View tool. In contrast to a simple four-quadrant map, the ABCD
Vendor View presents a comparative view of the vendor marketplace that
visually represents four elements: Advanced technology and technical
flexibility, Breadth of functionality, Customer base, and Depth of client
services. The ABCD Vendor View is a simple graphical representation of a
highly complex marketspace. While it is a useful snapshot, it is not a
substitute for the detailed information found in the profiles. Unlike a
four-quadrant map, solutions in the upper right are not necessarily the
best solutions. In an area as complex and idiosyncratic as policy
administration, there is no one “best” for all cases. Note that only
vendors that provided references and full information are included in the
ABCD. The report contains additional limited profiles about other vendors
that provided fewer details or did not meet the inclusion criteria.
The report is 222 pages long.
A table of contents (which lists all the
vendors in the report) is available online.
|
