Life Insurance Policy Administration Systems: An EMEA View
Report Summary
Life Insurance Policy Administration Systems: An EMEA View
PAS vendors in EMEA have recognized carriers’ need to cut costs and developed tools to help automate processes.
Boston, April 5, 2017 – Life insurance carriers in Europe, the Middle East, and Africa face operational challenges due to legacy systems that have limited carriers’ ability to meet the digital needs of both consumers and agents. Carriers that cannot react quickly will fall down a path of self-destruction, while carriers that invest in more advanced PASs will more rapidly overcome these challenges. How can life insurance carriers in the EMEA region understand what PASs are available today and how they can support carriers’ goals, objectives, and culture?
Leveraging the Aite Impact Matrix (AIM), a proprietary Aite Group vendor assessment framework, this Impact Report evaluates the overall competitive position of 17 PAS vendors supporting life insurance carriers within the EMEA region: Aetins, Ai-London, Aquila Heywood, Comarch, Computer Sciences Corporation (CSC), Coopengo, EXL, FIS, Gratex, Majesco, msg life, Oracle, RGI, Sapiens, Tata Consultancy Services (TCS), Vermeg, and Wyde. This research is based on 42 qualitative and quantitative Aite Group interviews with life insurance IT executives in the EMEA region and technology vendors currently offering life insurance PASs in the EMEA region.
This 44-page Impact Report contains 15 figures and 10 tables. Clients of Aite Group’s Life Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.