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Life Insurance PAS Acceleration Towards the Cloud

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10 April 2020
Karen Monks
Andrew Schwartz

North American Deal Trends in 2020

Abstract

The insurance industry, once a beacon of stability, has been faced with a series of emerging challenges. Insurers are confronted with an increasingly competitive marketplace, an unrelenting push toward digital transformation, and a renewed focus on cost-efficiency. Firms are, in part, hoping to address these obstacles through new and improved policy administration systems (PAS). In order to gain an edge, many insurers are investing in PAS solutions that utilize emerging technologies such as cloud deployment, greenfield delivery, DevOps techniques, and application programming interfaces (APIs)

How many new sales of PAS do vendors report for North America? How many vendors experienced positive deal momentum in the most recent two-year period? What is Celent’s estimate of the North American life/annuity/pension PAS software market size?

Find out which vendors are having the most success, which size insurers are doing the most replacements, and get other exclusive data that covers over 16 solution providers and 40 recent deals.

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