EMEA Policy Administration Systems 2015: Life, Health, Annuities, and Pensions ABCD Vendor View

by Jamie Macgregor,  Nicolas Michellod, December 8, 2015
Vendor Reviews
EMEA

Abstract

Celent provides a detailed look at 41 policy administration systems for EMEA life, health, annuities, and pensions products.

In the report EMEA Policy Administration Systems 2015: Life, Health, Annuities and Pensions ABCD Vendor View, Celent looks at policy administration systems available to insurers within the EMEA region. The report is part of a series on policy administration systems (PAS) in North America, EMEA, and Asia.

“Navigating the universe for policy administration systems across the EMEA region can be a daunting task for some insurers,” says Nicolas Michellod, a senior analyst with Celent’s Insurance practice and coauthor of the report. “The number of software vendors active within EMEA and focused on Life is vast in comparison to the other regions we monitor.”

“Local market regulation, distribution trends, and local product innovation all play roles in shaping market diversity,” says Jamie Macgregor, senior vice president of Celent’s Insurance practice and coauthor of the report. “Vendors profiled in this report represent the most active in the market. In comparing these vendors against startups and smaller local market players, this report serves as a valuable tool for insurers to build an intelligent short-list.”

This report features Celent’s ABCD Vendor View. The ABCD Vendor View presents comparative views of the vendor marketplace in four areas: Advanced technology and technical flexibility, Breadth of functionality, Customer base, and Depth of client services and solutions. The report also describes the core processes in a modern policy administration system, as well as the supporting capabilities and additional point solutions provided by vendors.

The report is more than 280 pages and contains 66 figures and 163 tables. A table of contents, including the full list of vendors profiled, is available online.

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

Policy Administration Systems: Definition and Functionality

4

Report Methodology

8

Celent’s ABCD Vendor View

13

Vendor Profiles

16

Accenture: Accenture Life Insurance & Annuity Platform (ALIP)

18

Adacta Group: AdInsure

24

AETINS SDN BHD: ISF Life

30

Agito Bilgisayar Yazilim ve Danişmanlik Hizmetleri A.Ş: Agito Life for You - L4u

37

Airas Intersoft Ltd: iGas

44

aquila (part of AquilaHEYWOOD Limited): administrator

50

Bravura Solutions Limited: Sonata

58

BUSINESS SOLUTIONS BUILDERS: Solife

64

CÁLCULO, S.A.: e-Tica

71

Comarch S.A.: Comarch Life Insurance

76

Computer Sciences Corporation: GraphTalk A.I.A

83

COOPENGO SAS: COOG

91

CSI GROUP: iAXIS

96

Diasoft: FLEXTERA Insurance

102

Dunstan Thomas Holdings Limited: Imago

107

eBaoTech Corporation: eBaoTech LifeSystem Suite

114

Edlund A/S: LIFELINK

119

Exaxe: Admin Plus

125

Fadata AD: INSIS

131

Hewlett Packard: INGENIUM

138

Hewlett Packard: RADIENCE Administration

144

i2S Informatica - Sistemas e Serviços SA: i2S Life

150

IN2 Informacijski Inženjering d.o.o.: Insurance2

156

Indra Sistemas: iONE

162

Itello AB: Inca

168

KeyLane: LeanApps Life

173

Majesco: Majesco Policy for Group Protection

180

Mphasis-Wyde: Wynsure

187

msg ag life: msg.Life Factory

194

Oracle Corp.: Oracle Insurance Policy Administration

201

Profit Software Ltd: Profit Life&Pension (PLP)

207

PSLife: GmbH: PSLife

213

RGI S.p.A.: PASS_Insurance

219

SAP: SAP Policy Management

226

Sapiens International: Sapiens ALIS for Life

232

Schantz A/S: Schantz Life

239

Silvermoon Business Systems: LUNOS

246

SunGard Data Systems: COMPASS

252

Tata Consultancy Services: TCS BaNCS

260

TechnoSys Group: AIMSweb – Advanced Insurance Management Suite

266

Vereycken & Vereycken: UL3

271

Conclusion

277

Leveraging Celent’s Expertise

279

 

Support for Financial Institutions

279

 

Support for Vendors

279

Related Celent Research

280

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