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Asia-Pacific Life Insurance and Annuity Policy Administration Systems 2017: An ABCD Vendor View

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10 January 2018
KyongSun Kong

Despite some consolidations, the market for life, annuity, and pension insurance policy administration system in Asia-Pacific remains fragmented, making the selection of the appropriate vendor difficult for insurers.

Key research questions

  • What is a life/annuity/pension/health policy administration system?
  • Who are the vendors in the APAC marketplace?
  • Which systems win Celent’s 2017 Life/Annuity/Pension/Health PAS ABCD Awards?

Abstract

Many life insurers still run old technology and limited legacy systems that place a major constraint on their digitization efforts.

Helping them navigate the complex life policy administration system vendor landscape in APAC is important. The main objective of this report is to provide life insurers with detailed profiles and descriptions of policy administration systems available in the region for insurers.

In this report, Celent looks at policy administration systems available to insurers with operations in APAC and ranks them using our famous ABCD Vendor View.

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