Latin American Policy Administration Systems 2012: Life, Annuities, and Health ABCD Vendor View

In the past few years, the vendor landscape for policy administration systems in Latin America has changed significantly, moving from a market mostly served by local and regional vendors to a more global one. Two-thirds of the solutions available in Latin America were not present in the region a few years ago.

In the report Latin American Policy Administration Systems 2012: Life, Annuities and Health ABCD Vendor View, 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 Latin America, North America, EMEA, and Asia.

“Core systems replacement in Latin America is mainly driven by a competitive market and the need to make the most efficient use of distribution channels,” says Juan Mazzini, Senior Analyst from Celent’s Insurance Group and author of the report. “We will continue to see many insurers reviewing their core systems in the coming years as policy administration systems solutions mature and the insurance market gets even more competitive.”

This report profiles 15 policy administration systems in use for life, health, and annuities products. It names the winners of the XCelent Awards using Celent’s ABCD Vendor View, which is our 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. The report also describes the core processes in a modern policy administration system, as well as the supporting capabilities and technology of vendor solutions.

This 111-page report contains seven figures and 66 tables.