Insurance Illustration Systems in Europe

by Nicolas Michellod, March 6, 2009
Vendor Reviews
EMEA

Abstract

Zurich, Switzerland 9 March 2009

Providing sales channels with efficient and reliable tools to facilitate the purchase of policies by potential customers represents a crucial challenge for most insurers in Europe.

In a new report, Insurance Illustration Systems in Europe, Celent profiles various insurance illustration solutions available in Europe today. Six full illustration systems are profiled in the report, which also features a limited profile of one solution.

This report uses Celent’s ABCD Vendor View, which is a standard representation of the vendor marketplace designed to show at a glance the relative positions of each vendor in four categories: Advanced technology and technical flexibility, Breadth of functionality, Customer base, and Depth of client services.

"In an area as complex as insurance illustration, there is no one ‘best’ solution for all cases. Insurers should consider which factors are most important to them, and use the profiles and comparative tables in this report to generate their own short lists," says Nicolas Michellod, senior analyst in Celent’s Insurance practice and author of the report.

"Prioritizing decision elements is crucial to minimizing the risk of choosing an inappropriate IT partner, which can make customization efforts too time-consuming and expensive," he adds.

This report examines the illustration vendors currently active in Europe. It provides details about functionality and technology attributes of illustration solutions currently on the market.

This 52-page report contains five figures and 24 tables. A table of contents is available online.

Members of Celent's Life/Health Insurance research service can download the report electronically by clicking on the icon to the left.  Non-members should contact info@celent.com for more information.  

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

Zurich, Switzerland 9 March 2009

 

Executive Summary 3
Introduction 5
Report Methodology 16
Celent's ABCD Vendor View 7
About the Profiles 9
BSB: e-Solife web portal 10
CSC: Visual Product Modeling System (VP/MS) 14
LeanApps: LeanApps Life 19
Percana Group: Eclipse Actuarial Module 24
Vereycken & Vereycken: UL3comm 29
Wyde Solutions: Wynsure 34
Limited Profile 39
Comparative Charts and Analysis 42
Final Thoughts 47

 

Sign in to download reports and access personalized information