EMEA Illustration Systems 2014: ABCD Vendor View

by Jamie Macgregor,  Nicolas Michellod, March 18, 2014
Vendor Reviews
EMEA

Abstract

Life insurance sales are driven by technology, even though face-to-face sales are still demanded. Producers expect life policy illustrations to provide them and consumers with ease of use, strong visual impacts, and up-to-date and accurate product information to help make the sale.

In the report EMEA Illustration Systems 2014: ABCD Vendor View, Celent looks at illustration systems available to life insurers in Europe, the Middle East, and Africa (EMEA). The following IT vendors and systems are profiled in this report.

“Illustration systems can vary greatly in scope and complexity,” says Nicolas Michellod, Senior Analyst with Celent’s Insurance Group and coauthor of the report.

“Increasingly, these systems are fully integrated with other point-of-sale tools like needs analysis, contact management, e-applications, and new business systems.” adds Jamie Macgregor, Senior Vice President of Celent’s Insurance Group and coauthor of the report.

Celent profiles 18 illustration systems in EMEA, with eight full profiles and ten 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. This 82-page report contains 62 tables.

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

Introduction

2

Report Methodology

3

Celent’s ABCD Vendor View

5

Vendor Profiles

8

Aetins: ISF Illustrate

10

Aquila: Administrator Illustrations

16

BSB: eSolife

22

Comarch SA: New Business / Comarch Mobile Insurance Advisor

28

CSC: Product Accelerator (VP/MS)

34

Dunstan Thomas Group LTD: Imago Front Office

40

Exaxe: Illustrate Plus

45

TCP Lifesystems: SS/G Quotation Manager and SS/G Application Manager

51

Limited Profiles

57

Accenture: ALIP Illustrations

58

Airas Intersoft Limited and Moore Stephens LLP: iGas UX – Incorporating Rulebook

61

C2L BIZ Solutions: SymbioSys Sales Tool

64

COR&FJA AG: COR.FJA Sales & Service System

66

Diasoft: Flextera Insurance Underwriting

69

eBaoTech Corporation: eBaoTech SalesPlatform

71

Fadata: INSIS Policy Management

73

GBST Wealth Management: Composer Illustrations

75

Polaris Financial Technology: Intellect Life Illustration

77

Softronic: ITM Illustrations

79

Leveraging Celent’s Expertise

81

 

Support for Financial Institutions

81

 

Support for Vendors

81

Related Celent Research

82

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