European Policy Administration Systems 2009: Life and Pension ABCD Vendor View

by Nicolas Michellod, September 16, 2009
Vendor Reviews
EMEA

Abstract

Interest in policy administration offerings for insurance has surged in recent months, and a number of systems have emerged in the past few years. Celent profiles a majority of the life and pension insurance administration systems available in Europe today.

In a new report, European Policy Administration Systems 2009: 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)

Adacta

AdInsure Life

Airas Intersoft Ltd

iGas

Aquila

Administrator

Bravura Solutions

Sonata TalisLife

BSB

Solife

Comarch

Comarch Life Insurance

COR AG

COR-Life

CSC

GraphTalk A.I.A

Elips

Life Office

Fadata

INSIS

FIS Software

ALIS

Financial Information Technology

LIFEfit

FJA AG

FJA Life Factory

IN2

INsurance 2

Itello

Inca

LeanApps

LeanApps Life

Mastek

Elixir

Percana Group Ltd

Eclipse

Practis Holding B.V.

Insurance Business Engines (IBSEN)

Vereycken & Vereycken

UL3

Wyde Inc.

Wynsure

Limited Profiles

eBao Tech

LifeSystem

Exaxe

LifeCycle Plus

FINEOS Corporation

FINEOS Policy Administration

FirstApex

FirstLife

Genasys

Software Key to Insurance (SKI)

Geneva-ID

aiDA - Backoffice Classic

I2S

GIS - Global Insurance System

Linedata Services

MASTERi

Mastek

Elixir Group

Open Square

Pact

Oracle

Oracle Insurance Policy Administration

Profit Software

Profit Life&Pension

Sapiens International Corporation

L&P Insight

SunGard Data Systems

Compass

Tata Consultancy Services

TCS BaNCS Insurance

 

 

 

 

"The European IT vendor landscape has become increasingly difficult to navigate,” says Nicolas Michellod, senior analyst with Celent’s Insurance Group and author of the report. "Prioritizing decision elements is a crucial task in order to minimize the risk of choosing an inappropriate PAS and avoid facing time-consuming and expensive customization efforts."

Celent profiles 37 policy administration systems vendors in Europe, with 22 full profiles and 15 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. Vendors with full profiles included in this report are: Accenture, Adacta, Airas Intersoft Ltd., Aquila, Bravura Solutions, BSB, Comarch, COR AG, CSC, Elips, Fadata, FIS Software, Financial Information Technology, FJA AG, IN2, Itello, LeanApps, Mastek, Percana Group Ltd., Practis Holding B.V., Vereycken & Vereycken, and Wyde Inc.

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

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