EMEA Policy Administration Systems: General Insurance ABCD Vendor View

by Craig Beattie, January 17, 2014
Vendor Reviews
EMEA

Abstract

Celent provides a detailed look at 52 policy administration systems for EMEA personal and commercial insurance products. The report focuses on the property and casualty systems, non-life or, general insurance systems depending on the country.

In the report EMEA Policy Administration Systems 2013: General Insurance ABCD Vendor View, Celent looks at policy administration systems available to insurers in Europe, the Middle East and Africa. The report is part of a series on policy administration systems (PAS) in North America, EMEA, and Asia. Celent is happy to include the Middle East and Africa in this coverage for the first time.

“Large transformation projects are always risky and difficult with examples of the effects of poor execution available across EMEA,” says Craig Beattie, Senior Analyst with Celent’s Insurance Group and author of the report. “The evaluation in this report represents Celent opinion mixed with our feedback from the insurer community as well as our involvement in selection and implementation projects. There is never a single best answer for all insurers but we believe the data held herein provides the most detailed view of the vendors in this market and will aid any selection project or IT strategy review. ”

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.

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

5

Report Methodology

8

Celent’s ABCD Vendor View and the XCelent Awards

9

About the Profiles

12

3i Infotech: PREMIA General Insurance Solution

14

Accenture: Accenture Duck Creek Policy

22

Adacta: Adinsure

28

Agile Financial Technologies: Agile General Insurance

35

CCS : Level-7

41

CSC: GraphTalk A.I.A

47

eBaoTech Corporation: General System

53

Eskadenia: Eska Insures General Insurance System

59

Fadata: INSIS

65

FDC: F2100

72

Genasys Technologies: Software Key to Insurance

78

Guidewire: Policy Center

84

I2S Informatica- Sistemas E Serviços Sa: GIS

90

IN2 Limited: INsurance2

97

Innovation Group: Insurer Policy

103

Insicon: Insicon i2i

110

Intrasurance Technology Services: DIV

116

Mantacore AB: FlexSure

122

Oceanwide Inc.: Bridge Policy Administration System

128

Prima Solutions: Prima Insure

134

Quindell Plc: Challenger ICE Policy

140

Quinity BV: Quinity Insurance Solution

146

RDT Limited: Landscape

152

RGI Group: Pass_Insurance / Pass_Compagnia

158

SAP AG: SAP Policy Management

165

Sapiens: Sapiens IDIT

171

Sequel Business Solutions: Eclipse

179

Silvermoon Business Systems: Silvermoon Lunos Enterprise Suite

185

SSP: SSP Pure Insurance

192

SSP: SSP Select Insurance

199

TIA Technology A/S: The TIA Solution

207

Unirisx: Unirisx Insurance Solution

214

Zov Solutions: SID Insurance Services

221

Limited Profiles

227

Leveraging Celent’s Expertise

266

 

Support for Financial Institutions

266

 

Support for Vendors

266

Related Celent Research

267

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