Deal Trends and Projections in the Life, Pension, Annuity, and Health PAS Market: 2016 Asia-Pacific Edition
The life, pension, annuity, and health policy administration system market remains fragmented. Celent believes that sales of life, pension, annuity, and health PAS systems in APAC will continue at a steady pace during mid-2015 to mid-2017.
In the fourth quarter of 2015, Celent published updates to the EMEA, Latin America, Asia-Pacific, and North America life, pension, annuity, and health PAS vendor reports. The data-gathering process provided considerable insight into the PAS solution market as well as data on deals in the previous years for these regions.
This report provides a view of market and deal trends in life, pension, annuity, and health PAS in APAC as well as an overview of the active vendors in this region, including an estimation of their market shares.
“The number of PAS deals has decreased. The market is more competitive, and the entry of global vendors has had an impact on the timing of sales because insurers have more systems to evaluate”, says KyongSun Kong, an analyst with Celent's Asian Financial Services group and author of the report.
Data in this report was gathered as part of Celent’s research for APAC Policy Administration Systems 2015: Life, Health, Annuities, and Pensions ABCD Vendor View. Fourteen life, pension, annuity, and health PAS vendors completed a detailed RFI to be included in the report.
This 20-page report contains nine figures.