Property/Casualty Policy Administration Systems: 2003

December 16, 2003

Abstract

New York, NY, USA December 16, 2003

Property/Casualty Policy Administration Systems Vendors: 2003

Between 2002 and 2006, Celent anticipates that North American property/casualty insurance carriers will have spent over US$500 million on policy administration systems (PAS).

In a new report, "Property/Casualty Policy Administration Systems Vendors: 2003," Celent examines North American PAS market trends and profiles and compares 27 PAS offerings from 22 vendors, recommending top choices for carriers to consider.

The report examines the business drivers behind PAS purchases, including the need for Web enablement, consolidation and integration, product development, and business process improvement.

"A surprising number solutions are available to property/casualty carriers that leverage newer technologies such as Java and .NET. With continued low prices due to market pressures, this is a great time for carriers to look at replacing or augmenting their policy administration systems," says Chad Hersh, a senior analyst in Celent痴 insurance practice and co-author of the report.

The 22 vendors profiled in this report include: Accenture, AGO, Allenbrook, AQS, AscendantOne, Bsolve, CGI (Flexinsure, GIOS, INSideOUT), Consis, CSC (Exceed and POINT IN), Decision Research, Delphi Technology, Duck Creek, ePolicy Solutions, Fiserv AIS/Fiserv SIS, IDP, INSTEC/Mayfare, Insurity, P&C Insurance Systems, Sapiens, Sherwood, Tata Consultancy Services (IIMS and Quantum), and The Innovation Group.

The 83-page report contains 6 figures and 31 tables.

  A Table of Contents is available online.

of Celent Communications' Property/Casualty 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.

        

Send mail to info@celent.com with questions or comments about this Web site.

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

 

New York, NY, USA December 16, 2003

Property/Casualty Policy Administrative Systems: 2003

Return to report Abstract

 

EXECUTIVE SUMMARY 3
INTRODUCTION 4
BUSINESS DRIVERS 6
MARKET OVERVIEW 9
VENDOR PROFILES 13
COMPARATIVE CHARTS AND ANALYSIS 71
RECOMMENDED SOLUTIONS 78
OBJECTIVITY & METHODOLOGY 82

Sign in to download reports and access personalized information