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Policy Administration Systems Replacement Still Top of Mind for Property/Casualty Insurers; Novarica Profiles Over 40 Vendors in 12th Annual Report

Bill Sinn | May 21, 2019

Property/casualty insurers continue to replace their legacy policy administration systems (PAS), with the goals of improving speed to market, supporting new product types, enhancing the use of analytics, and enabling digital channels. In its 12th annual Novarica Market Navigator report on Property/Casualty Policy Administration Systems, research and advisory firm Novarica profiles 42 vendor solutions, providing over 500 pages of information to help insurers understand and compare these complex systems.

"Insurer IT budgets are primarily dedicated to the maintenance, modernization, and replacement of core systems," said Martina Conlon, Executive Vice President of Research and Consulting and co-author of Novarica's new report. "CIOs should not expect a core system to encompass all available emerging technology within its borders. Rather, they should consider how a new system's architecture will provide the flexibility and agility needed to take advantage of future technology and allow integration with future partners."

Vendors included: AdvantageGO, Beyontec, BriteCore, CGI, CodeObjects, Decision Research Corporation, Duck Creek, DXC, eBaoTech, Ebix, ECCA, EIS Group, Finys, Focus on Innovation, Focus Technologies, Guidewire, Instanda, Instec, Insurance Systems Inc., Insuresoft, Insurity, Majesco, MFX, OneShield, Origami Risk, PCMS, Policy Administration Solutions, SAP SE, Sapiens, Solartis, SpeedBuilder Systems, Sunlight Solutions, TCS, Ventiv, Verisk, and West Point Insurance Services.

Please contact or call Victoria Spitz at 833-668-2742 Ext. 130 for more information.

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