Policy Administration Systems: Latin American Life Insurance Edition
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Insurers have various approaches to acquire core business functions and capabilities. One approach is to look at relevant policy administration system (PAS) packages. As in other regions, the life policy administration system vendor market in Latin America remains difficult to navigate for many life insurers. While insurers tend to have similar criteria when seeking a life policy administration system vendor (e.g., relevance of the system in target countries, insurance products supported, and types of customers served), getting deeper into vendor due diligence requires more granular information about the vendors and systems at play.
This report is the sixth in Celent’s biennial look at policy administration systems available to life insurers in Latin America (LATAM). It profiles 22 systems in use by or being marketed for LATAM life, pension, and annuities products.