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      REPORT
      Snap Poll of PC Insurers on PC Core System Costs - April 2020
      Available Only for Members of the NA Property Casualty Celent Research Panel
      2nd June 2020
      //Snap Poll of PC Insurers on PC Core System Costs - April 2020

      Snap poll reflect questions posed by members of the research panel. This question came about as a member was trying to get a sense of core system costs. This poll was conducted April 11, 2020. The questions asked were:

      • Have you purchased a policy admin system or full suite in the last three years?
      • What was the pricing model
        • Term license fee plus annual maintenance
        • Annual license subscription, plus annual maintenance
        • Annual subscription including maintenance
        • Other?
      • How much was the quoted implementation cost? (Reflected as a percentage of the license cost or as a percentage of DWP – e.g. 5 years of subscription, or 2.5 times license, or 15% of DWP)
      • How much was the actual implementation cost if you’ve completed the project? (Again reflected as a percentage of the license cost or as a percentage of DWP – e.g. 5 years of subscription, or 2.5 times license, or 15% of DWP)
      Author
      Karlyn Carnahan
      Karlyn Carnahan
      Head of Insurance, North America
      Karlyn Carnahan
      Details
      Geographic Focus
      North America
      Horizontal Topics
      Architecture & Legacy Modernization, IT Management & Spending
      Industry
      Property & Casualty Insurance