North American Policy Administration Systems 2013: Personal, Commercial, and Specialty ABCD Vendor View
Celent provides a detailed look at 42 policy administration systems for North American personal, commercial, and specialty insurance products.
In North American Policy Administration Systems 2013: Personal, Commercial, and Specialty ABCD Vendor View, Celent looks at policy administration systems available to insurers in North America. The report is part of a series on policy administration systems (PAS) in North America, EMEA, and Asia.
“This report is intended to help insurers compare policy administration vendors on a wide range of factors. Insurers can evaluate a vendor relative to their IT strategy by looking at critical factors, such as the availability of certain technical or functional features and customer feedback on system implementation and integration,” says Mike Fitzgerald, Senior Analyst with Celent’s Insurance Group and coauthor of the report.
“Large transformation projects are always somewhat risky and difficult, even under the best circumstances,” adds Donald Light, P&C Research Director with Celent’s Insurance Group and coauthor of the report. “Given the variation in insurance business models and products, there is no one right answer for policy administration for all carriers, and insurers need to have a clear view of all the dimensions of a given system to make an intelligent selection decision.”
This report features Celent’s ABCD Vendor View. The ABCD Vendor View presents comparative views of the vendor marketplace in four areas: Advanced technology and technical flexibility, Breadth of functionality, Customer base, and Depth of client services and solutions. The report also describes the core processes in a modern policy administration system, as well as the supporting capabilities and additional point solutions provided by vendors.
The report is more than 200 pages and contains 30 figures and 160 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 operating unit of Marsh & McLennan Companies [NYSE: MMC].
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Table of Contents
Policy Administration Systems: Definition and Functionality
Celent’s ABCD Vendor View and XCelent Awards
About the Profiles
Accenture: Accenture Duck Creek Policy
Adaptik Corporation: PolicyWriter
CGI Group: PolicyWriter
Cover-All Technologies; Cover-All Policy
CSC: Exceed Policy
CSC: Point In
DAVID Corporation: NavRisk Policy
Decision Research Corporation: DecisionMaker Suite
Exigen Insurance Solutions: PolicyCore
Focus Technologies: PolicyPort
Guidewire Software, Inc.: Policycenter
Innovation Group: Insurer Policy
Insurance Systems, Inc: ISI Enterprise
Insurity, Inc.: Policy Decisions
ISCS: SurePower Innovation
MajescoMastek: STG Policy
Maple Technologies LLC: Aspire Information System
Maximum Processing, Inc.; The Stingray System
Oceanwide: Bridge Policy Administration
OneShield: OneShield Dragon Policy Management
SpeedBuilder Systems, Inc.: BindExpress Policy Suite
StoneRiver: Policy STAR
Tritech Financial Systems: General Insurance Management System
Unirisx; Unirisx Insurance Solution
Agile Financial Technologies: Agilis General Insurance
Decision Research Corporation: GameChanger Suite
IDMI Systems; IDMI Systems PTS
Insurance Global Operations: IGO6
Quindell Portfolio PLC: Challenger Ice Policy
SAP AG: SAP Policy Management
Silvermoon Business Systems: The Silvermoon Lunos Enterprise Suite
Tata Consulting Services: TCS BaNCS
Tropics Software Technologies, Inc.: Tropics Breeze
Xuber; Xuber For Insurers