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Life Insurance Illustration Systems: Global Edition

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9 December 2020
Karen Monks
Keith Raymond

2020 Vendor Spectrum, Powered by VendorMatch

Abstract

2020 has not been an ordinary year for life insurance companies. Celent expects insurers will move many digitally sales oriented investments to the top of their investment list for 2021. When combined witht the need to be more virtual for customers and agents, life insurance investments in any new sales technology, such as illustrations, need to be smart with a goal of optimizing efficiency and opportunity for maximizing value. Celent's research into which vendors can meet these needs is imperative for anyone looking to buy a new illustration system. Our report profiles nine vendor systems marketed to life insurers in EMEA, APAC and LATAM.

This report begins with a brief overview of the business drivers and marketplace for illustration systems. In the next section, nine illustration vendors are profiled. A companion report profiles ten vendors that actively sell in North America. Some of the vendors that appear in this report will also be in the companion report. Detailed profiles contain company background information, specific product information and functionality, key technical specifications (including programming languages and platforms supported), and feedback from reference clients.

In the final section Celent offers key questions that carriers need to answer before they can begin evaluating illustration vendor offerings.

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