EMEA Property and Casualty Policy Administration System Deal Trends
Insurance companies have varying preferences when it comes to selecting core systems. While some prefer to purchase a pre-built policy administration system, others opt to create their own or combine different core components. At Celent, we have been monitoring property and casualty policy administration systems by analysing data submitted by the vendors we have profiled in our regular reports.
The vast EMEA region consists of diverse insurance markets where local champions have emerged and maintained their dominant positions. Comprehending the P&C policy administration system vendor market can be easier with a historical perspective on its development.
This report offers insights into the trends in deals related to P&C policy administration systems in EMEA. The report also examines the investments vendors are making to develop capabilities relevant to the evolving needs of insurers.
Although it is evolving, the EMEA P&C policy administration system market remains highly fragmented. Insurers seeking these systems for use in specific regions or countries can still identify vendors with local expertise.