Deal Trends and Projections in the P&C PAS Market: 2016 Latin American Market

by Luis Chipana, May 31, 2016
Industry Trends
Latin America

Abstract

In early 2016, Celent published updates to the regional P&C PAS vendor reports across the sectors of property & casualty (general) insurance. The data-gathering process provided some insight into the P&C PAS solution market as well as data on deals in the previous years for these regions.

This report provides a view of deal and trends in policy administration systems in the property & casualty market in Latin America.

There are many pressures surrounding the insurers’ business decisions, especially for investments such as the growth of the economy, inflation, global economic outlook, and internal political stability.

“Overall in Latin America, inflation is expected to be above 4%, with almost flat GDP growth, mainly driven by some large countries,” says Luis Chipana, an analyst with Celent’s Insurance practice and author of the report. “On the bright side, insurers have always demonstrated their willingness to invest in and modernize their core systems overweighing such as hash economic times.”

The report contains 10 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 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

3

 

Report Limitations

3

The Latin American P&C PAS Market

4

 

PAS Systems in Production by Size of Insurer

4

 

Client Implementations by Country

4

 

Mexico and Brazil

5

 

Established Vendor Market

6

 

Size of Vendor Client Base

7

 

Estimated Market Share

7

Recent P&C PAS Software Deals

9

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 Latin American P&C PAS Vendors

13

 

Advice for Latin American Insurers

13

Leveraging Celent’s Expertise

14

 

Support for Financial Institutions

14

 

Support for Vendors

14

Related Celent Research

15

Sign in to download reports and access personalized information