Deal Trends and Projections in the P&C PAS Market: 2016 APAC Edition
The property and casualty policy administration system market remains fragmented. Celent believes that sales of P&C PAS systems in APAC will continue at a steady pace during mid-2015 to mid-2017.
In early 2016, Celent published updates to the EMEA, Latin America, Asia-Pacific, and North America P&C PAS vendor reports. The data-gathering process provided considerable insight into the PAS solution market as well as data on deals in the previous years for these regions.
This report provides a view of market and deal trends in P&C PAS in APAC as well as an overview of the active vendors in this region, including an estimation of their market shares.
“The number of PAS deals has decreased slightly. The market is more competitive, and the entry of global vendors has had an impact on the timing of sales because insurers have more systems to evaluate,” says KyongSun Kong, an analyst with Celent's Asian Financial Services group and author of the report.
Data in this report was gathered as part of Celent’s research prepared for APAC Policy Administration Systems 2015: P&C ABCD Vendor View. Seventeen P&C PAS vendors completed a detailed RFI to be included in the report.
This 20-page report contains nine figures.