Policy Administration Systems: Positioning for the Future

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Author(s):

Karen Furtado, Partner

Publication Date:

July 8, 2011

Number of Pages:

28

Price:

$1,495.00 USD

Policy Administrations System (PAS) implementations and conversions are expensive, resource intensive, and time consuming. Increasing competitive pressures and continuing economic challenges are prompting many P&C and L&A insurers to look at upgrading or replacing current core systems.

 

This research report, Policy Administration Systems: Positioning for the Future,addresses the current state of PAS systems among P&C and L&A insurers and examines the requirements for future capabilities. The research addresses the following questions:

 

·       What are the priorities for the replacement of core systems?

·       What are the primary business drivers incenting PAS change and what expectations are being set for the new environment?

·       What are the most important criteria influencing buying decisions?

·       What features are viewed as being the most important in new or replacement PAS systems?

 

For an example from this research report, see Figure 1, showing survey results about the current state of PAS solutions by line of business.

 

 

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