North American Life Insurance and Annuity Policy Administration Systems 2017

Celent will help qualify your requirements and introduce you to the vendor
Spotted a missing vendor? Use this form to alert a vendor to the Celent service
Create a vendor selection project & run comparison reports
Register to access this feature
Click to express your interest in this report
Indication of coverage against your requirements
Vendor requires PRO subscription to activate this feature
Requires research subscription, contact Celent for more info
21 November 2017
Colleen Risk, Karen Monks, and Tom Scales

An ABCD Vendor View

Key research questions

  • What is a life/annuity/pension policy administration system?
  • Who are the vendors in the North American marketplace by line of business?
  • Which systems win Celent’s 2017 Life and Annuity PAS ABCD Awards?

Abstract

To help life and annuity insurers plan for policy administration systems modernization, Celent offers profiles of policy administration solutions available in North America. Profiles are presented for the majority of the solutions in the market. Vendors that met the ABCD criteria are included in the ABCD Vendor View analysis.

In the past two to three years as the markets and economy have improved and better margins have been obtained, insurers have renewed their interest in strategic investments. As a result, modernizing and replacing legacy systems has surfaced as a top priority for many life and annuity insurers.

Core system modernization is about establishing a platform that will allow an insurer to execute the business decisions it needs to succeed in an increasingly unknowable, but probably disruptive, future. Innovation is difficult to pull off unless it is built on the solid foundation of a modern, data-rich, and configurable policy administration system.

This report is the seventh in Celent’s biennial series on policy administration systems (PAS) available to life insurers in North America. This report profiles 19 PAS in use or being marketed for North American life, annuities, and pension products.

sign in or register to read more

Insight details

Content Type
Reports
Report Type
Vendor landscape
Location
North America
Subscription categories
Insurance, Life/Annuities Insurance