Policy Administration: P&C Plans and Priorities

An SMA Research Report

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Author(s):

Karen Furtado, Partner

Publication Date: July 26, 2013

Number of Pages: 30

Price: $1,495.00 USD

This SMA research report, Policy Administration: P&C Plans and Priorities, explores the current state of PAS systems, looks at what is influencing buying criteria, and examines the status of PAS implementations. The research addresses the following questions:

• Where are we in the buying cycle of the policy administration market?
• 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 is the success rate for new system implementations? What is the failure rate? Why are there failures?
• Are modern PAS solutions delivering the capabilities that insurers require?

For an example from this research report, the figure below shows survey results regarding the frequency of PAS system replacements.

 

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