EMEA Predictions for General Insurance Policy Administration Systems in 2015 and Beyond

by Craig Beattie, July 22, 2015
Product Trends/ Reviews
EMEA

Abstract

EMEA is a very interesting territory for policy administration vendors. There are a great many single-country vendors, as well as specialists supporting distributors, brokers, and other intermediaries. A few vendors are emerging as truly EMEA-wide. Here Celent looks at the vendors, the deals in the territory, and how different groups of countries “buy together.“

In Celent’s report EMEA Predictions for General Insurance Policy Administration Systems in 2015 and Beyond, senior analyst Craig Beattie examines the EMEA insurance software market, asking where the deals are, who’s seeing the most activity, and what will we see in the 2015 survey.

Celent breaks down the heterogeneous region of EMEA into a number of clusters that tend to buy together. Celent examines the vendors prevalent in the different regions and how some of the countries relate to each other.

The diversity of requirements and regional differences allow for a set of smaller vendors with specific local knowledge. Celent presents a view of the international EMEA vendors versus those with local specialisation.

“Acquisitions and consolidation continue, along with external investment in multiple European vendors,” Beattie says. “Our report paints a picture of a region with many vendors, with small markets within the region, and with optimism for the future.”

The report contains seven figures and one table.

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 subsidiary 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

1

 

Key Research Questions

1

Describing EMEA

2

 

Key Research Questions

2

 

A Quick Overview of EMEA Insurance Software

2

 

EMEA: A Fragmented Market

3

Examining Deals in Europe and EMEA

5

 

European Deals Are Pointing Down

6

 

Momentum

7

Breaking Down EMEA

8

 

Territory Winners

8

 

Country Clusters — Who Buys Together?

9

 

Breaking Down Europe

9

 

Breaking Down the Middle East and Africa

11

Key Predictions

13

 

Deal Flow

13

 

Competitive Outlook

13

Leveraging Celent’s Expertise

14

 

Support for Financial Institutions

14

 

Support for Vendors

14

Related Celent Research

15

Sign in to download reports and access personalized information