Asian Financial Services

by KyongSun Kong, January 21, 2016
Vendor Reviews
Asia-Pacific

Abstract

Celent provides a detailed look at 17 policy administration systems for APAC life, health, and annuities products.

In the report Asia-Pacific Policy Administration Systems 2015: Life, Health, and Annuities ABCD Vendor View, Celent looks at policy administration systems available to insurers in APAC. The report is part of a series on policy administration systems (PAS) in North America, EMEA, and Asia.

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

1

Introduction

2

Policy Administration Systems; Definition and Functionality

3

Report Methodology

7

Celent’s ABCD Vendor View

10

Vendor Profiles

13

AETINS SDN BHD: ISF Life

15

Bravura Solutions Limited: Sonata

22

CSC Ltd.: Integral Life

29

Diasoft: FLEXTERA Insurance

36

DynaFront Systems Berhad: PrecentiaLife

41

EAB Systems Limited: iLife

47

eBaoTech Corporation: eBaoTech LifeSystem Suite

52

Ebix Australia Pty Ltd: Ebix OneOffice

60

Hewlett Packard: INGENIUM

67

HP: RADIENCE Administration

73

Majesco: Majesco Policy for Life, Group, and Health

79

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

85

Oracle Corp.: Oracle Insurance Policy Administration

90

SAP SE: SAP Policy Management

97

Sinosoft Company Limited: Life Insurance System

103

SunGard Data Systems: Compass

109

Tata Consultancy Services: TCS BaNCS

115

Conclusion

121

Leveraging Celent’s Expertise

123

 

Support for Financial Institutions

123

 

Support for Vendors

123

Related Celent Research

124

by Wenli Yuan, January 20, 2016
Industry Trends
Asia-Pacific

Abstract

China has the world’s largest number of Internet users and the largest number of drivers. Many companies in China see opportunity in telematics and are investing in various devices, platforms, models, and services. Insurers are part of this telematics ecosystem.

In the report Telematics in China: 2016 Update, Celent analyzes telematics in China and related initiatives from insurance companies.

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

1

 

Key Research Questions

1

Introduction

2

Auto Insurance Reform

3

Telematics Development

4

 

Telematics Ecosystem

4

 

Internet Companies Enter and Disrupt the Market

6

 

Other Initiatives in Telematics

9

 

Investment in Smart Cars and Driverless Cars

10

Insurance Initiatives

12

 

Telematics Value Chain

12

 

Device and Data

13

 

Insurance Value Chain

14

 

Insurers Invest in Telematics-Related Companies

16

 

Industry Standards and Shared Platforms

16

Conclusion

18

Leveraging Celent’s Expertise

19

 

Support for Financial Institutions

19

 

Support for Vendors

19

Related Celent Research

20

Tokyo Financial Information & Technology Summit

: Tokyo, Japan
: April 12, 2016
: Eiichiro Yanagawa, Asian Financial Services, Global Financial Services
Asia-Pacific

Join Senior Analyst Eiichiro Yanagawa at the newly rebranded Tokyo Financial Information & Technology Summit. Now in its 7th year,  the summit will gather regulators, financial institutions and leading data and technology vendors to provide you the insights you need to navigate the unique challenges of Japan's financial markets.

Eiichiro will be moderating two panels throughout the course of the summit:

Blockchain Business Conference 2016

: Seoul, South Korea
: January 21, 2016
: Eiichiro Yanagawa, KyongSun Kong, Banking, Asian Financial Services, Global Financial Services, Innovation and Emerging Technologies, Insurance, Wealth Management, Securities & Investments
Global, Asia-Pacific

Join Celent Senior Analyst Eiichiro Yanagawa and Analyst KyongSun Kong at the Blockchain Business Conference 2016, to be held in Seoul, South Korea.

Click here for more information

by Hua Zhang, November 30, 2015
Vendor Reviews
Global

Abstract

Celent estimates revenues at share plan services in the US and UK were US$1.5 billion and US$400 million respectively in 2014, and will expand to US$2.2 billion and US$700 million respectively in 2020.

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

1

 

Key Research Questions

1

Market Size

2

Vendor Overview

5

Morgan Stanley Smith Barney

9

Bank of America Merrill Lynch

11

Schwab

13

Fidelity

15

UBS

17

Computershare

18

Solium

20

SS&C

22

E*Trade

24

Aon Hewitt

25

PwC

26

Towers Watson

28

Mercer

29

Pinsent Masons

30

Principal

32

Go-to-Market Recommendations

33

Leveraging Celent’s Expertise

34

 

Support for Financial Institutions

34

 

Support for Vendors

34

Related Celent Research

35

by Hua Zhang, November 30, 2015
Industry Trends
Asia-Pacific

Abstract

In 2014, China’s crowdfunding market raised US$150 million and posted an annual growth rate of 123%. Celent estimates that the market will reach US$50 billion by 2025.

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

1

 

Key Research Questions

1

Market Size

2

Business Models

4

 

Crowdfunding Products

4

 

Fee Model

5

Crowdfunding Platforms

6

Integrated Crowdfunding Platforms

7

 

Jingdong Crowdfunding

7

 

Jingdong’s Consumer Board Equity Private Placement

8

 

Zhongchou.com

9

 

Taobao Crowdfunding

10

 

Dreamore

10

Specialized Crowdfunding Platforms

12

 

Demohour Moving Toward Smart Hardware

12

 

Muskid’s Focus on Music

13

 

Tmeng’s Focus on Film and Television

14

 

Kuhope’s Focus on Student Creativity

15

 

Pinganfang

15

 

Agricultural Crowdfunding

16

Regulations

17

Trends

18

Leveraging Celent’s Expertise

20

 

Support for Financial Institutions

20

 

Support for Vendors

20

Related Celent Research

21

by Neil Katkov, PhD, November 19, 2015
Industry Trends
Global

Abstract

Financial firms rely on an extensive array of external suppliers that provide technology, data, consulting, and professional services. With the growing dependence of financial firms on third party services, regulators are increasing their focus on third party risk.

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

1

 

Key Research Questions

1

Connected Due Diligence for Supply Chain Risk

2

 

Combatting Redundant Effort

3

 

Connected Third Party Management

3

 

Best Practice in Operational Risk

4

 

Cybersecurity

5

 

The Third Party Management Lifecycle

5

Conclusions

7

Background

8

 

About Markit

8

Leveraging Celent’s Expertise

9

 

Support for Financial Institutions

9

 

Support for Vendors

9

Related Celent Research

10

by Arin Ray, November 19, 2015
Industry Trends
Asia-Pacific

Abstract

Asian post-trade players are trying to achieve standardization in policies and practices on par with global requirements to attract and retain international participants and become more competitive. The Asian post-trade landscape is expected to continue to be fragmented along national boundaries.

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

1

 

Key Research Questions

1

Introduction

3

The Asian Post-Trade Landscape

7

 

Market Participants in the Post-Trade Industry

7

 

Ownership Pattern of CCPs and CSDs

8

 

Products and Services Offered by CCPs and CSDs

9

Trends and Developments

11

Country Analysis

14

 

Australia

14

 

China

16

 

Hong Kong

19

 

India

23

 

Japan

28

Conclusion

31

Leveraging Celent’s Expertise

32

 

Support for Financial Institutions

32

 

Support for Vendors

32

Related Celent Research

33

ASIFMA Annual Conference 2015: Developing Asia's Capital Markets

: Hong Kong
: December 2, 2015
: Neil Katkov, PhD, Asian Financial Services, Global Financial Services, Securities & Investments
Global, Asia-Pacific

ASIFMA Annual Conference 2015 is an industry-wide event, providing a unique opportunity for global and regional policy makers, high-level regulators and industry representatives from both sell-side and buy-side firms to meet and discuss important issues affecting the development of Asia's capital markets.

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