Deal Trends and Projections in the P&C PAS Market: 2016 APAC Edition

by KyongSun Kong, June 7, 2016
Industry Trends
Asia-Pacific

Abstract

The property and casualty policy administration system market remains fragmented. Celent believes that sales of P&C PAS systems in APAC will continue at a steady pace during mid-2015 to mid-2017.

In early 2016, Celent published updates to the EMEA, Latin America, Asia-Pacific, and North America P&C PAS vendor reports. The data-gathering process provided considerable insight into the PAS solution market as well as data on deals in the previous years for these regions.

This report provides a view of market and deal trends in P&C PAS in APAC as well as an overview of the active vendors in this region, including an estimation of their market shares.

“The number of PAS deals has decreased slightly. The market is more competitive, and the entry of global vendors has had an impact on the timing of sales because insurers have more systems to evaluate,” says KyongSun Kong, an analyst with Celent's Asian Financial Services group and author of the report.

Data in this report was gathered as part of Celent’s research prepared for APAC Policy Administration Systems 2015: P&C ABCD Vendor View. Seventeen P&C PAS vendors completed a detailed RFI to be included in the report.

This 20-page report contains nine figures.

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

 

Key Research Questions

2

 

Report Approach

2

 

Report Limitations

3

The APAC P&C PAS Market

4

 

PASs in Production by Size of Insurer

4

 

Client Implementations by Country

4

 

Established Vendor Market

5

 

Size of Vendor Client Base

6

 

Estimated Market Shares

7

Recent P&C PAS Software Deals

8

P&C PAS Market Size Estimates

10

 

Projecting P&C PAS Deals

10

 

Projecting the P&C PAS Market Size

11

Conclusion

13

 

Advice for APAC P&C PAS Vendors

13

 

Advice for APAC Insurers

13

Leveraging Celent’s Expertise

14

 

Support for Financial Institutions

14

 

Support for Vendors

14

Related Celent Research

15

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