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

by Craig Beattie, August 5, 2016
Industry Trends
EMEA

Abstract

Celent has released a new report titled Deal Trends and Projections in the P&C PAS Market: 2016 EMEA Edition, which reviews the PAS market deal trends over the last four years. The data points to a slowing market in EMEA.

The report was written by Craig Beattie, senior analyst in Celent’s EMEA Property/Casualty Insurance practice. 

In February 2016, Celent published EMEA Policy Administration Solutions: Property & Casualty, General, and Specialty Lines ABCD Vendor View. This report included vendor-supplied data about sales for the two-year period from Q3 2013 to Q2 2015; and customer counts as of Q2 2015.

The prior version of this report, EMEA Policy Administration Systems: General Insurance ABCD Vendor View, was published in early 2014 and included comparable vendor-supplied data about sales in an earlier two year period and customer counts as of Q2 2013.

The new report provides a view of the market and deal trends for P&C policy administration systems in North America for the four-year period covered by the two earlier reports referenced above, and looks forward for the two-year period from Q3 2015 to Q2 2017.

“Celent has observed a like-for-like drop in PAS system sales across EMEA over the last four years and believes this trend will continue through to mid-2017. While many insurers have already replaced legacy systems, there is a significant number which have not, but uncertainty in the region and the need to invest in other systems may be impairing deal numbers. The same business drivers which have influenced purchase decisions will continue,” comments Beattie.

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

 

Key Research Questions

1

Introduction

2

 

Key Research Questions

2

 

Report Approach

2

 

Report Limitations

2

The EMEA 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

7

 

Estimated Market Share

8

Recent P&C PAS Software Deals

9

 

Vendor Deal Momentum

10

P&C PAS Market Size Estimates

11

 

Projecting P&C PAS Deals

11

 

Projecting the P&C PAS Market Size

12

Conclusion

13

 

Advice for EMEA General/P&C PAS Vendors

13

 

Advice for EMEA General/P&C Insurers

13

Leveraging Celent’s Expertise

14

 

Support for Financial Institutions

14

 

Support for Vendors

14

Related Celent Research

15

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