Asia-Pacific Policy Administration Systems 2015: Life, Health, and Annuities ABCD Vendor View

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.

“PAS replacement is a hard task for any insurers. APAC insurers have various specific matters by country. The aim of this report is to help an insurer select a more suitable solution or system,” says KyongSun Kong, an analyst with Celent’s Asian Financial Services group and coauthor of the report. 

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 nearly 130 pages and contains 27 figures and 70 tables. A table of contents, including the full list of vendors profiled, is available online.

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

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

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