Policy Administration and Servicing (PAS) Systems - Individual / Group Life / Annuity / Pensions
Insurers use a policy administration system, either by itself or with closely integrated specific point solutions, to execute a number of core processes and relies on several types of supporting capabilities.
Our Trending Insights
Celent recognizes that the strength of any policy administration platform is somewhat dependent on the life insurance company’s needs and business. Many life insurers leverage modern systems to digitize their business.
Life insurers often run a complex system landscape with redundant functions
Do life insurers try to simplify and digitize their core system environment?
It is hard to integrate and expose relevant services in digital front end interface when dealing with siloed legacy systems. Insurers are challenging their existing system segmentation and technology readiness to digitize their business.
Example Vendors
How can we help you?
Celent helps you make faster and more informed technology investment decisions. We navigate the maze of technology options for you to provide tailored, independent, and timely advice you can trust.
Find the right vendor
VendorMatch empowers financial institutions to find their optimal solution technology partners by comparing systems, creating a shortlist based on knock-out criteria, and streamlining your projects.
Explore VendorMatch →Promote your solutions
We have deep and broad knowledge of buyer needs to validate your strategies and can jump-start every project by leveraging our extensive research database.
Create a VendorMatch Profile →Access Deeper Data
Subscribing clients can access all of the content for which they have subscribed. It is a modular ensuring you only pay for the information and services that are relevant to you.
View Our Subscriptions →Our Experts
Talk to our experts →
Latest Insights
Search our full range of content →2023 Solutionscape, Powered by VendorMatch
Deal Trends in the 2023 North American Life Insurance Policy Administration Market
2023 North American Life Insurer Perceptions of Policy Administration Systems