Asian Policy Administration Systems 2009: Life and Pension ABCD Vendor View

by Wenli Yuan, December 4, 2009
Vendor Reviews
Asia-Pacific

Abstract

Celent profiles a majority of the life and pension insurance administration systems available in Asia today.

Interest in policy administration offerings for insurance has surged in recent years. In a new report, Asian Policy Administration Systems 2009: Life and Pension ABCD Vendor View, Celent looks at policy administration systems available to life insurers in Asia. The report is part of a series on policy administration systems in Europe, the United States, and Asia.

Full Profiles

 

3i Infotech Asia Pacific

PREMIA

Bravura Solutions Ltd

Sonata TalisLife

CSC Computer Sciences

LIFE/Asia

EAB Systems Limited

iLife

eBaoTech

LifeSystem

Financial Information Technology

LIFEfit

FIS Software

ALIS

Hewlett-Packard

SOLCORP / INGENIUM

Mastek Ltd

ElixirAsia

Tata Consultancy Services

TCS BaNCS Insurance

Limited Profiles

Beijing Copia Innovative

Technology

CopiTree

FirstApex

FirstLife

Hewlett-Packard

RADIENCE Administration

SALIX IS

Pharos

Sinosoft

LIS

 

"The Asian IT vendor landscape has become increasingly difficult to navigate,” says Wenli Yuan, senior analyst with Celent’s Insurance Group and author of the report. "Prioritizing decision elements is a crucial task in order to minimize the risk of choosing an inappropriate PAS and avoid facing time-consuming and expensive customization efforts."

Celent profiles 15 policy administration systems vendors in Asia, with 10 full profiles and five limited profiles, using its ABCD Vendor View, which is a standard representation of a vendor marketplace designed to show at a glance the relative positions of each vendor in four categories: Advanced technology, Breadth of functionality, Customer base, and Depth of client services. Vendors with full profiles included in this report are: 3i Infotech Asia Pacific, Bravura Solutions Ltd, CSC Computer Sciences, EAB Systems Limited, eBaoTech, Financial Information Technology, FIS Software, Hewlett-Packard, Mastek Ltd, and Tata Consultancy Services.

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

3

Introduction

5

Report Methodology

6

Celent’s ABCD Vendor View

8

About the Profiles

11

3i Infotech Asia Pacific: PREMIA

12

Bravura Solutions Ltd: Sonata TalisLife

20

CSC Computer Sciences: LIFE/Asia

27

EAB Systems Limited: iLife

34

eBaoTech: LifeSystem

41

Financial Information Technology: LIFEfit

48

FIS Software: ALIS

54

Hewlett-Packard: SOLCORP / INGENIUM

60

Mastek Ltd: ElixirAsia

67

Tata Consultancy Services: TCS BaNCS Insurance

74

Limited Profiles

81

Beijing Copia Innovative Technology: CopiTree

85

FirstApex: FirstLife

86

Hewlett-Packard: RADIENCE Administration

91

SALIX IS: Pharos

96

Sinosoft: LIS

101

Comparative Tables

105

Leveraging Celent’s Expertise

108

Related Celent Research

109

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