EMEA Policy Administration Systems 2011: Life and Pension ABCD Vendor View

by Jamie Macgregor,  Nicolas Michellod, November 17, 2011
Vendor Reviews
EMEA

Abstract

For insurers, navigating the market of life and pension policy administration system vendors remains a difficult task. Celent profiles a majority of the life and pension insurance administration systems available in EMEA today.

In a new report, EMEA Policy Administration Systems 2011: Life and Pension ABCD Vendor View, Celent looks at policy administration systems available to life insurers in Europe. The report is part of a series on policy administration systems (PAS) in Europe, the United States, and Asia.

Full Profiles

Accenture

Accenture Life Insurance Platform (ALIP)

Airas Intersoft

iGas

Aquila

Administrator

ATENA IT & Financial Services Ltd

PARTENON Web

Bravura Solutions

Talisman - Sonata

BSB

Solife

Comarch SA

Comarch Life Insurance

COR&FJA AG

COR.FJA Life Factory

CSC

GraphTalk A.I.A.

Elips Group

Life Office & Pensions Office

Exaxe

Income Plus and Invest Plus

Fadata

INSIS

FIS Software

ALIS

I2S Informática - Sistemas e Serviços SA

 Global Insurance Solution (GIS)

IFDS Percana

Percana

IN2 Ltd

INsurance2

LeanApps

LeanApps Life

Mastek Limited

Elixir

Profit Software Ltd

Profit Life&Pension

SunGard Data Systems

iWorks COMPASS

Tata Consultancy Services

TCS BaNCS

Wyde

Wynsure

Limited Profiles

Adacta

LifeBox

eBaoTech Corporation

eBaoTech LifeSystem

FirstApex

FirstLife

GBST

Composer

HP Enterprise Services

INGENIUM

HP Enterprise Services

RADIENCE

Itello

Inca

Oracle

Oracle Insurance Policy Administration for Life and Annuity

Prima Solutions

Prima Insure

RGI Group

PassCompagnia

SAP AG

SAP Policy Management

Tieto

Life Insurance Solution (LIS)

“The EMEA IT vendor landscape is increasingly difficult to navigate and, for insurers, the selection of a PAS requires the analysis of different parameters that have all their importance,” says Nicolas Michellod, Senior Analyst with Celent’s Insurance group and coauthor of the report.

“Celent recommends that insurers define and rank their own priorities when reviewing this important question,” adds Jamie Macgregor, Senior Analyst with Celent’s Insurance group and coauthor of the report.

Celent profiles 34 policy administration systems in Europe, with 22 full profiles and 12 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.

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

3

Introduction

4

Report Methodology

5

Celent’s ABCD Vendor View and the XCelent Awards

7

About the Profiles

11

Accenture: Accenture Life Insurance Platform (ALIP)

13

Airas Intersoft: iGas

20

Aquila: Administrator

26

ATENA IT & Financial Services Ltd: PARTENON Web

33

Bravura Solutions: Talisman--Sonata

39

BSB: Solife

45

Comarach SA: Comarch Life Insurance

53

COR&FJA AG: COR-FJA Life Factory

59

CSC: GraphTalk A.I.A.

66

Elips Group: Life Office and Pensions Office

73

Exaxe: Income Plus and Invest Plus

78

Fadata: INSIS

84

FIS Software: ALIS

90

I2S Informática—Sistemas e Serviços SA: Global Insurance Solution (GIS)

97

IFDS Percana: Percana

103

IN2 Ltd: Insurance2

109

LeanApps: LeanApps Life

115

Mastek Limited: Elixir

121

Profit Software Ltd: Profit Life&Pension

127

SunGard Data Systems: iWorks COMPASS

133

Tata Consultancy Services: TCS BaNCS

139

Wyde Solutions: Wynsure

145

Limited Profiles

153

Adacta: LifeBox

154

eBaoTech Corporation: eBaoTech LifeSystem

158

FirstApex: FirstLife

163

GBST: Composer

167

HP Enterprise Services: INGENIUM

172

HP Enterprise Services: RADIENCE

177

Itello: Inca

182

Oracle: Oracle Insurance Policy Administration for Life and Annuity

186

Prima Solutions: Prima Insure

191

RGI Group: PassCompagnia

195

SAP AG: SAP Policy Management

199

Tieto: Life Insurance Solution (LIS)

203

Comparative Tables

206

Leveraging Celent’s Expertise

210

Related Celent Research

211

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