Latin America Policy Administration Systems 2015: Life, Annuities, and Health Edition

by Juan Mazzini,  Luis Chipana, December 21, 2015
Vendor Reviews
Latin America

Abstract

Celent provides a detailed look at 17 policy administration systems for Latin American life, health, and annuities products.

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

“Innovation, efficiency, and rapid time to market are some of the main motives of insurers that are looking to replace a core system. Although there is no single solution that can meet all an insurer’s needs, this report provides a very good understanding of the available solutions in the region that can help insurers arrive at a decision,” says Luis Chipana, an analyst with Celent’s Insurance group and coauthor of the report. 

“As the insurance market in the region becomes more competitive, and a more flexible system becomes a must, we will see more insurers looking to fill the gap in their legacy systems with newer core systems,” says Juan Mazzini, a senior analyst with Celent’s Insurance group and coauthor of the report.

This report features Celent’s Vendor View. This presents comparative views of the vendor marketplace in areas such as: Advanced technology and technical flexibility, Breadth of functionality, 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 120 pages and has 22 figures and 65 tables.

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

1

Introduction

2

Policy Administration Systems: Definition and Functionality

3

Report Methodology

6

Vendor Profiles

8

Computer Sciences Corporation: GraphTalk A.I.A

9

Concentrix Corporation: GIAS (Genelco Insurance Administration Solution)

15

CONSIS INTERNATIONAL: Acsel-e

21

CSI Group: iAXIS

28

DC Sistemas y Servicios S.A.: Equis

34

eBaoTech Corporation: eBaoTech LifeSystem Suite

40

Fadata AD: INSIS

46

Hewlett Packard: INGENIUM

51

i2S Informatica - Sistemas e Serviços SA: i2S Life

57

I4PRO INFORMÁTICA LTD4: I4PRO ERP LIFE

62

Indra Sistemas: Ione

70

IN MOTION SERVICIOS, S.A.: VisualTIME

76

Majesco Ltd: Majesco Policy for Life, Annuities and Group

83

Oracle Corp.: Oracle Insurance Policy Administration

89

SAP: SAP Policy Management

96

Sistran Consultores, s.a.: SISE 3G Business Edition Life

102

Tata Consultancy Services: TCS BaNCS

107

Conclusion

113

Leveraging Celent’s Expertise

115

 

Support for Financial Institutions

115

 

Support for Vendors

115

Related Celent Research

116

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