Life Insurer Financial Systems: A Snap Poll for the Celent Executive Panel

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
18 February 2023

Available Only for Members of the NA Celent Insurance Executive Panel


Snap polls reflect questions posed by members of the Celent Executive Panel, a group of C level executives in the insurance industry. This question came about from a member that is looking for insights on their core financial systems and would like to understand how others are handling similar transformations. This deck provides a summary of the responses to a Snap Poll conducted February 7– February 10, 2023.

If you are an insurer and are interested in participating and receiving these snap polls, please email to verify eligibility.

The question that was posed was:


The insurer is beginning a project to evaluate and modernize their core financial systems with the goal of improving efficiencies and reducing costs. They currently have a core system supporting GL and AP which they have used for 10+ years, as well as a budgeting/planning tool. They would like to know what other carriers are using for their core/consolidated accounting system and how effective the suite has been for managing/tracking different aspects of financial management.


What system are you using to support GL/AP?

Is this system hosted on-prem or SaaS?

How long have you been using this system?

  • Less than 2 years
  • 2 - 5 years
  • Greater than 5 years

Would you describe your experience as:

  • Highly satisfied
  • Satisfied
  • Less than satisfied
  • Not sure
  • Prefer not to say

Which of the following functions does the core system support; if not supported, please tell us how you support the function (e.g. which solution do you use?

  • Budgeting & planning
  • Financial reporting
  • Board level reporting
  • Accounts Payable
  • Travel & expense
  • Cost allocation – to cost centers? To products?
  • Fixed asset tracking
  • Procurement/invoice management

Can the system support cost allocation by distribution channel, by product to provide P&L reporting

Are there functions that the system doesn’t have, but you wish it had

If you implemented your system in the last 3 years:

  • What other solutions did you consider?
  • How long was the implementation project?

Do you have any other thoughts or advice for this insured?