Data Vendors in Insurance: A Snapshot

by Craig Beattie,  Mohammed Mahfuz,  Nicolas Michellod, February 9, 2017
Vendor Reviews
Global

Abstract

This report provides a high‑level categorisation of IT vendors having an offering in the data space for insurers. It profiles 41 IT vendors and categorises them using six categories Celent has defined: data storage; data quality; reporting; data visualization; artificial intelligence; and advanced analytics.

Celent has released a new report titled Data Vendors in Insurance: A Snapshot. The report was written by Nicolas Michellod, Craig Beattie, and Mohammed Mahfuz, Analysts in Celent’s Insurance practice.

Data has become an important topic in insurance, and we have seen the emergence of many firms focusing on data-related technologies in the past few years. Following a screening of the vendor market, we have been able to identify a list of more than 150 vendors that are active in the data space today.

Celent has identified more than 150 vendors active in various data categories and serving financial services firms. This report profiles 41 vendors. Some vendors focus on specific data technology categories while others try to provide support in all range of technologies.

 

“It can be difficult for insurers to navigate the data vendor landscape because many new players are entering the market,” says Michellod, a Senior Analyst.

 

“Going forward we think we are going to see more vendors focusing on artificial intelligence to help insurers in various business domains but it seems currently there is traction in the customer engagement and interaction space, especially around robo advisors and chatbots,” says Beattie, a Senior Analyst.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

3

An Overview of the IT Vendor Spectrum

4

1insurer

7

Accenture

9

BAE Systems

11

Bigstep

13

Cap Gemini

15

Claimkit

17

CSC

19

EXL

21

FICO

23

FRISS

25

Guidewire

27

Hewlett Packard Enterprise

29

Hexaware

31

Hortonworks

33

HUGIN Expert

35

INFORM GmbH

37

Infosys

39

Insfocus

41

Insurity

43

Intellect Design

45

IPsoft

47

Lexis Nexis Risk Solutions

49

Majesco

51

Microsoft

53

Moore Stephens Business Solutions

55

Mphasis

57

Munich Re Automation Solutions

59

NTT Data Services

61

Optalitix

63

Oracle

65

Pitney Bowes

67

QuanTemplate

69

SAS

71

Semantify

73

Synectics Solutions

75

The Floow

77

Universal Conversion Technologies

79

Valen Analutics

81

Verisk

83

Wolters Kluwer

85

Yodil

87

Comparative Tables

89

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