SaaS Policy Administration Systems: The Time Is Now

Celent will help qualify your requirements and introduce you to the vendor
Spotted a missing vendor? Use this form to alert a vendor to the Celent service
Create a vendor selection project & run comparison reports
Register to access this feature
Click to express your interest in this report
Indication of coverage against your requirements
Vendor requires PRO subscription to activate this feature
Requires research subscription, contact Celent for more info
8 October 2013
Donald Light
SaaS has broken out of the enterprise category, and is making real headway in the heart of the insurance application stack: policy administration systems. Celent research on North America property/casualty policy administration systems finds that:
  • 42 out of 45 profiled North America policy administration systems can be licensed on a SaaS basis
The number of policy admin systems that have actually been SaaS licensed is smaller, but still impressive:
  • Just under half (42%) of the policy administration systems have one or more insurers with a SaaS license
A deeper dive into the numbers shows that there is a lot of variability among policy administration systems regarding the proportion of SaaS licenses to all licenses—as measured by the Celent Insurance System SaaS Score, CISSS (SaaS licenses as a percent of all licenses)
  • About three-fifths of these systems have a CISSS score between 5% and 33%
  • And one-third have a CISSS score from 90% to 100%
With this solid foundation, SaaS’ core system growth prospects look bright.

Insight details

Sector
Content Type
Blogs
Location
Asia-Pacific, EMEA, LATAM, North America