Latin America Policy Administration Systems 2015: Property & Casualty, General, and Specialty Lines Edition

by Juan Mazzini,  Luis Chipana, January 26, 2016
Vendor Reviews
Latin America

Abstract

Celent provides a detailed look at 20 policy administration systems for property & casualty, general, and specialty lines.

In the report Latin American Policy Administration Systems 2015: Property & Casualty, General and Specialty Lines Edition, Celent looks at policy administration systems available to insurers in Latin America. The report is part of a series on policy administration systems (PAS) in North America, EMEA, and Asia.

In actual practice, an insurer uses a PAS, either by itself or closely integrated with specific point solutions, to execute a number of core processes and relies on several types of supporting capabilities.

“Innovation, efficiency, and rapid time to market are some of the main motives that insurers are looking for when replacing a new core system. Although there no single solution that can meet all an insurer’s needs, this report provides a very good understanding of the available solutions in the region that can help insurers arrive at a decision,” says Luis Chipana, an analyst with Celent’s Insurance practice and coauthor of the report.

“The PAS market has been constantly evolving with technological upgrades, richer functionality, and new players, which makes it a dynamic market with a myriad of choices for insurers,” says Juan Mazzini, a senior analyst with Celent’s Insurance practice and coauthor of the report.

The report is more than 100 pages and has 23 figures, and 77 tables.

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

Introduction

2

Policy Administration Systems: Definition and Functionality

4

Report Methodology

7

Vendor Profiles

9

Accenture plc: Accenture Duck Creek Policy

10

CLAVE Technologia y Servicios S.A.: KINETYC Insurance Technology

16

Consis International: Acsel-e

20

CSI Group: iAXIS

36

Computer Sciences Corporation: GraphTalk A.I.A

31

DC Sistemas y Servicios S.A.: Equis

37

eBaoTech Corporation: eBaoTech GeneralSystem Suite

42

EIS Group, Inc.: PolicyCore

47

Fadata AD: Insis

52

Guidewire Software Inc: Guidewire PolicyCenter

57

i2S Informática – Sistemas e Serviços, SA: GIS Non-life

62

I4PRO Informática Ltda: i4PRO ERP MULTI-LOB

67

In Motion Servicios, S.A.: VisualTIME

74

Majesco: Majesco Policy

80

NTT Data: FirstGen for P&C Insurance

85

Sistran Consultores s.a.: SISE 3G Enterprise Edition P&C

90

SysOne S.A.: Insurance Service Bus

95

Tata Consultancy Services: TCS BaNCS

100

Tritech Financial Systems Inc.: GIMS - General insurance Management Systems

105

Unirisx, LLC: Unirisx Insurance Solution

110

Xuber (an Xchanging company) : Xuber for Insurers

115

Conclusion

119

Leveraging Celent’s Expertise

121

 

Support for Financial Institutions

121

 

Support for Vendors

121

Related Celent Research

122

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