Predicting the Future: 2016 EMEA, APAC, and LATAM Illustration Solution Spectrum

by Karen Monks,  Colleen Risk, August 25, 2016
Vendor Reviews
Asia-Pacific, EMEA, Latin America


Celent has released a report that reviews the global life insurance illustration solution spectrum titled Predicting the Future: 2016 EMEA, APAC, and LATAM Illustration Solution Spectrum. A companion report for the North American market is also available. The report was written by Colleen Risk and Karen Monks, analysts in Celent’s North America Life insurance practice.

The report profiles 14 providers of illustration systems. Each vendor responded to a request for information and provided a demonstration and briefing of their illustration solution. This report examines the prominent vendors in the space and is intended to provide insight into the solutions they provide.

Point-of-sale tools used by producers continue to evolve. Since Celent last looked at EMEA in 2014 and APAC in 2012, features and functions have expanded, offering an insurer or agent more capabilities in presenting information to prospective policyholders. Illustrations are a required and heavily regulated part of the sale of life insurance, but the changing functionality of these systems has made them more than a tool to illustrate an insurer’s unique product portfolio. Illustrations are becoming a key factor in keeping producers happy and facilitating the life insurance sale.

More emphasis on the illustration output, the use of mobile devices, user-level configuration, and full integration with other point-of-sale tools are just a few of the changes Celent has seen in vendor-based illustrations system. Insurers now can manage what was a jumble of point-of-sale tools that included needs analysis, advanced sales support, suitability, illustrations, and e-applications through one vendor system if so desired.

While homegrown illustration systems are still being developed and used, we believe that most carriers looking to invest in a new illustration system should consider vendor systems for core functionality and tools that can help them produce state of the art illustrations quickly and economically.

“The vendors in this report have evolved their illustration systems as a key element in the point-of-sale arsenal for the agent,” says Risk. “In addition to crunching the numbers, illustration systems now provide graphics and side-by-side comparisons to help agents depict how insurance products can help their clients obtain a more secure future.” 

“Celent’s review of the systems provides a fairly detailed look into many areas that concern an insurer looking to update or replace their illustration system,” says Monks. "This report and input from Celent can help an insurer make a short list of candidates."

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
Tel: +1 212 345 1366

Europe (London)
Chris Williams
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary




Market Overview


Report Methodology


About the Profiles


C2L Biz Solutions Pvt. Ltd.: SymbioSys Sales Illustration


CLAVE Technologia y Servicios S.A.: XILAR


Comarch S.A.: Comarch Insurance Front Office


Chamber Townsend Consultancy Ltd: Elements


Dunstan Thomas Holdings Limited: Imago Front Office


EAB Systems Limited: 121 System


eBaoTech Coporation: eBaoTech SalesPlatform for Life Insurance


EquiSoft Inc.: Insurance Elements


Exaxe Ltd.: Illustrate Plus


Fidelity National Information Services: Illustrations


Indra Sistemas: iONE Sales


Intellect Design Arena: Intellect Quote and Illustration


msg life ag: Unified Distribution Platform (UPD)


Nissay Information Technology Co., Ltd.: i-Win MICHL/FL




Leveraging Celent’s Expertise



Support for Financial Institutions



Support for Vendors


Related Celent Research


Sign in to download reports and access personalized information