Policy Administration Systems: Asia-Pacific Life Insurance Edition
2023 Solutionscape, Powered by VendorMatch
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 PAS vendor market in Asia Pacific 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, the types of customers a vendor serves), getting deeper into vendor due diligence requires more granular information about the vendors and systems at play.
This report is the Celent’s biennial look at policy administration systems available to life insurers in Asia Pacific (APAC). It profiles 19 systems in use by or being marketed for APAC life, pension, and annuities products.
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