SaaS Policy Administration Systems: The Time Is Now
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8 October 2013Donald 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
- Just under half (42%) of the policy administration systems have one or more insurers with a SaaS license
- 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%