SaaS Policy Administration Systems: The Time Is Now
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Celent have reviewed this profile and believe it to be accurate.
SaaS has broken out of the enterprise category, and is making real headway in the heart of the insurance application stack: policy administration systems. Celent research on North America property/casualty policy administration systems finds that:
- 42 out of 45 profiled North America policy administration systems can be licensed on a SaaS basis
- Just under half (42%) of the policy administration systems have one or more insurers with a SaaS license
- About three-fifths of these systems have a CISSS score between 5% and 33%
- And one-third have a CISSS score from 90% to 100%