Life Insurance Policy Administration Systems, Europe Reviews and Ratings

What are Life Insurance Policy Administration Systems, Europe?

Gartner's view of the market is focused on transformational technologies or approaches delivering on the future needs of end-users. It is not focused on the market as it is today. Gartner defines the Life Insurance Policy Administration Systems market as the purchase of Policy Administration Systems (PAS) that enable life insurers or pension providers to manage the entire life cycle of life insurance policies or pension products. In this research, we will use the term 'life insurance policy administration systems' to cover life insurance and pension products. Some of these systems will focus on specific insurance segments only, such as individual life or group pensions, while others are capable of managing different lines of business (LOBs).

Products In Life Insurance Policy Administration Systems, Europe Market

"INSIS from FADATA: A reliable, flexible and connectivity oriented platform"

Our experience in INSIS demonstrate that is a very flexible platform, with breadth out of the box functionality and covering all Line of Business. Fadata also have very capable professionals that tries to help you the most. The operations within INSIS are very reliable and so is a very robust platform. It also has the entire functionality exposed through APIs which ease the connection with other platforms and third parties

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"Good product and partnership"

very good partnership, good fit of product features to our business model, very good possibiltiy to customize functionalities, integration to overall applications very easy

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"Strategic partnership with great teamwork. Lack of user's ability to configure the system."

Itello has skilled employees (developers and business knowledge) and works relatively agile. The governance structure is flexible on a operative level. Strategically though not very flexible. Part of the software was developed in the first years from 2000 so there are many parts that needs to updated and probably part of the architecture. Itello needs to understand that their business model gain profit by providing business services included in the license fee i.e. enterprise service bus, business rule engine, workflow and process management

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"Knowledgeable Team; Modern Technology; Commercial Flexibility"

The LeanApps team are very easy to work with and generally deliver what they promise on time and within budget.

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"Implementation was easy and fast. Project team was highly motivated and dedicated."

Implementation was easy and fast but we need some customization because of our company processes. We delivered the project much faster with agile approaches. Project team was really very motivated and dedicated for this delivery. After the deployment Agito continue to support us for the all kind of needs and requirements.

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"We had problems in beginning but now it works "

Fast responses, good value/price ratio, readiness to show best practices and guide customer trough processes

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"Policy admin system that can handle wide range of products and supporting high volumes"

what worked well: - Philosophy and possibilities of Solife - Wide range of product support (leading to successful product harmonisation) - Drive and flexibility of people and organisation - Working together with software integrator (editor/integrator) what worked not so well: - still working on optimizing internal processes

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"Excellent core product, very responsive partners, potentially expensive"

Very strong product from a product configuration perspective, very flexible and modular. Very good presales process, very competent contract negotiation process (for what in our situation was a complex mix of products and services). Variable delivery quality, heavily influenced by skill and experience of Sapiens delivery manager (we chose to implement without an SI partner; very little choice of SI partners with Sapiens experience in our geography). Had both poor and really good experience depending on the manager. Sapiens professional services are expensive and project planning is sometimes sub-optimal; scope and cost creep can be a real issue if not managed/ mitigated carefully by eg fixed cost projects

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"Implementation as requested by our organisation "

vendor available to understand needs, tool generally provides what is requested from it. Supplier ready to work hand in hand with organisation

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"Partnership is key"

Implementing big systems requires good tech and a good implementation partner. More importantly the relationship needs to mature and be beneficial for both parties, particularly in this fast changing technological world that we live in. TCS has been an excellent partner to work with and is committed to making Bancs successful for our business.

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"Very reliable delivery partner with mature admin component - iSuite is relatively new."

Very good actuarial and IT development house - good quality deliverables. Relative inmature project management. Early adapters of the i-Suite with some teething problems (organsiational and technical integration problems).

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"When it was necessary to ask the DXC teams, we were able to obtain the appropriate answers"

We always have a tailored response to our needs. For example, we very quickly launched a project to enrich the functionalities of our version with that of the standrd for the launch of our new PER offer.

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"Stable, mature core life insurance platform covering e2e business processes and products "

Core policy administration system covering full range of individual and group life products (term, endowment, investment and others). Flexible, easy in integration and fast migration from legacy. Fast end user adoption.

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"Implementation was easy but the standard product needs a ticher functionnal frame"

Coopengo is a responsive company with a very flexible product. The staff is very pleasant and very skilled. Neverthe less the standard product needs to be richer in terms of functionnality and process

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"Solid - stable - user friendly package"

The software is very reliable, stable and solid. The support delivered by Msg is incredibly fast and of very high quality. I really can appreciate the personal contact with the team members of MSG. The functional support packages and error support packages are always very well documented and tested before delivered at the client. Conclusion: a partner where you can count on.

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"Why we liked working with Bravura"

+ A dedicated team from the vendor housed within the premises to work on implementation + Vendor team is easy to deal with both with the client and 3rd party vendors - Vendor team is a little rigid in allowing very specific enhancements to the product functionality (which is understandable for most part but not acceptable in cases where the requirement is very basic and should've been part of the COTS to begin with)

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