Boston, MA, USA
May 22, 2007Policy Administration Systems
2007:
Personal Lines Vendors
Report Published by Celent
Celent’s updated and
expanded policy administration system vendor report provides in-depth
analysis and compares nearly 30 personal lines PAS vendors.
A new report from Celent, Policy
Administration Systems 2007: Personal Lines Vendors, provides the most
comprehensive data available about the players in this dynamic market. The
report is designed to help insurers dramatically cut the time required to
create a short list of vendors appropriate for their needs, providing
nearly 200 pages of independent research findings.
"Interest in policy administration
systems was showing signs of growth two years ago, and the market has
flourished,” comments Chad Hersh, a
senior analyst in Celent’s insurance group and lead author of the
report. “A few systems have disappeared, but a number of others have
come on the market, and still more are about to enter it. There is a
crowded landscape of personal lines PAS vendors with solutions of varying
depth."
Each full profile in the report includes
detailed information about each vendor solution, including:
- Company and organizational details
- Customer base and reference feedback
- System functionality (lines of business
and key functions supported)
- Usability
- Implementation times and cost
The report makes use of Celent’s ABCD
Vendor View tool. In contrast to a simple four-quadrant map, the ABCD
Vendor View presents a comparative view of the vendor marketplace that
visually represents four elements: Advanced technology and technical
flexibility, Breadth of functionality, Customer base, and Depth of client
services. The ABCD Vendor View is a simple graphical representation of a
highly complex marketspace. While it is a useful snapshot, it is not a
substitute for the detailed information found in the profiles. Unlike a
four-quadrant map, solutions in the upper right are not necessarily the
best solutions. In an area as complex and idiosyncratic as policy
administration, there is no one “best” for all cases. Note that only
vendors that provided references and full information are included in the
ABCD. The report contains additional limited profiles about other vendors
who provided fewer details or did not meet the report’s inclusion
criteria.
The report is 186 pages long.
A table of contents (which lists all the
vendors in the report) is available online.
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