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).
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Fadata Group is a software solutions provider focusing primarily on serving the insurance sector to bolster client engagement, invigorate innovation and propel greater margins of business value. The company grants the insurance arena access to the newer generation of vital insurance platforms. The span of expertise includes an array of cloud services that are flexible and capable of accommodating all lines of business and processes related to insurance while adhering to the ethos of emphasizing open ecosystems. Fadata manages its operations on a global scale, marking its presence in excess of 30 nations that are spread across Europe, the Middle East, Africa, and Latin America. The company has established an expansive international network involving distribution and implementation partners. They also work with both global private equity firms and London-based providers of insurance services.
Keylane is a European provider of SaaS platforms to the insurance and pension industry. The company's solutions are designed to streamline current business processes, while also preparing clients for future adaptations and agility. Primarily, Keylane's focus revolves around offering an ecosystem of emerging technologies that help clients improve their services and products. The company is headquartered in Utrecht, Netherlands and has more than 750 employees. Its services span across numerous countries, such as Netherlands, Belgium, Germany, Denmark, Norway, and Switzerland.
The company, recognized as a crucial player in the insurtech sphere, is dedicated to advocating for and initiative continuous digital transformations specifically within the life and pensions industry. The primary business challenge it addresses involves facilitating a seamless transition to a digital environment for firms operating in these sectors.
Msg life is a prominent IT specialist company for insurers. With over four decades of experience and extraordinary actuarial expertise, msg life provides an advantageous combination of specialist knowledge of its actuaries and IT professionals for its clients. Its diverse portfolio encompasses standard software, tailored services, and cloud solutions catering to the contemporary demands and future needs. The relentless sharpening of their solutions to align with market requirements provide sustainable use of advanced software architecture and valuable products. Msg life assists insurers in adapting to changing consumer patterns, developing new products swiftly and cost-effectively, thereby ensuring the insurers' competitive advantage. The company operates from offices in several cities across Europe and the USA, and boasts of a team of more than 1200 employees. The leadership team includes Dr. Andrea van Aubel, Francesco Cargnel, Robert Hess, Milenko Radic, and Dr. Wolf Wiedmann.
Agito is a holistic technology partner of insurance.
Offering digital insurance software solutions by focusing on the Insurtech industry, Agito has been providing services in all branches for insurance companies since 1997. Agito offers integrated and end-to-end solutions to insurance companies
The Company's fields of operation cover product development and implementation of core business applications in Health Insurance, Life Insurance, Private Pension, and Property & Casualty insurance solutions.
Agito team develops the products offered to the sector with the latest technologies while ensuring their compliance with local regulations and parallelism with sector dynamics.
Strategically focusing on the basis of insurance industry solutions, Agito enables its clients to act more competitively under the variable conditions and challenges of domestic and foreign markets.
IN2 is a communications and research organization with a focus on fostering positive transformations in otherwise hard-to-reach sectors, such as conflict zones. It employs innovative and engaging two-way communications to facilitate connections between intended audiences in a comprehensible and localized manner. The approach is based on comprehensive understanding of these audiences, which allows the development of community-driven campaigns. Even in challenging areas, IN2 works to empower marginalized individuals and foster stability. The communication function entails a broad spectrum of services like research, strategy planning, communication campaigns, presence in digital and social fields, monitoring and evaluation. Furthermore, IN2 also offers training and services related to disinformation countermeasures, digital communication security, reputation management, and supply chain security. Other areas of specialty include cultural heritage protection and linguistic services. Their work touches various sectors and focuses on engaging the community, media development, and crisis planning, among others.
VERMEG is a software company that caters to three primary financial sectors: Banking, Capital Markets and Insurance. It provides business solutions aimed at tackling challenges associated with the digital transformation of the financial services industry. Aligning itself as a systems architect, VERMEG aids its clients in reducing costs and controlling Time-To-Market during the modernization of their information systems. Apart from offering standard software solutions that align with the evolving digital requirements, VERMEG also provides custom-made solutions that are designed using their tools and business expertise. With a workforce exceeding 1500 members, the company operates globally, across numerous countries including Australia, Belgium, Brazil, China, UK, France, Germany, Japan, Hong Kong, Luxembourg, Mexico, Netherlands, Singapore, Spain, Tunisia and the United States. It serves an extensive client base that spreads over 40 countries in the world.
Sapiens International Corporation is a firm specializing in the digital transformation of the financial sector, particularly insurance. With four decades of industry knowledge, Sapiens provides a robust insurance platform equipped with pre-integrated, low-code solutions and a cloud-based approach to expedite digital transformation. The solutions encompass an extensive range from core to complementary aspects including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. The operations of Sapiens span across North America, the United Kingdom, EMEA, and Asia Pacific, serving customers in 30 countries.
TCS, part of the Tata group, focuses on shaping the future through innovation, technology and the utilization of collective knowledge. It is a multinational organization based in India, with consultants placed in various countries around the world, with notable skills and expertise. They work diligently to provide technology solutions that resolve critical business challenges. TCS is also noted for proactive stances on critical global issues, resulting in recognition in various sustainability indices. It operates within business principles aligned towards achieving sustainable growth.
Wyde, a subsidiary of Mphasis, was established in 1997 and has been an international software provider ever since. It is known for the creation of Wynsure, a comprehensive Insurance Policy Administration Solution. Wyde has its headquarters in Bloomington, Minnesota, USA, and it operates out of offices in Canada, an R&D Center in Paris, France, and Delivery Centers in Poland and India. Wyde's Wynsure platform, a multi-language, multi-currency, and highly configurable product, offers solutions for policy administration, claims and billing focused on the Group Benefits market. This solution can be deployed for one or multiple lines of business, satisfying various business challenges, including as a SaaS offering. The company's progress is propelled by its commitment to technology excellence, a customer-centric approach in solution design, continuous investment in product development and R&D, and its innovative capacity to adapt swiftly to market demands.
Msg life is a prominent IT specialist company for insurers. With over four decades of experience and extraordinary actuarial expertise, msg life provides an advantageous combination of specialist knowledge of its actuaries and IT professionals for its clients. Its diverse portfolio encompasses standard software, tailored services, and cloud solutions catering to the contemporary demands and future needs. The relentless sharpening of their solutions to align with market requirements provide sustainable use of advanced software architecture and valuable products. Msg life assists insurers in adapting to changing consumer patterns, developing new products swiftly and cost-effectively, thereby ensuring the insurers' competitive advantage. The company operates from offices in several cities across Europe and the USA, and boasts of a team of more than 1200 employees. The leadership team includes Dr. Andrea van Aubel, Francesco Cargnel, Robert Hess, Milenko Radic, and Dr. Wolf Wiedmann.
DXC Technology operates globally, focusing on enabling companies to efficiently run their critical systems and operations. This is achieved through modernizing IT, optimizing data architectures, and ensuring security and scalability across various cloud environments. The target audiences are large companies and public sector organizations, who seek the services of DXC Technology to improve performance, competitiveness, and their IT customer experience.
Coopengo is the publisher of Coog, an open-source software solution developed for entities in the insurance and social protection sectors such as insurers, brokers, mutuals, and provident institutions. It was established by professionals experienced in software publishing for the insurance sector. Coopengo specializes in designing and providing state-of-the-art software solutions, introducing a unique economic equation into the market.
Edlund A/S is a Scandinavian firm that delivers specialized IT solutions primarily targeted at the management of life, pension, unitlink, and insurance portfolios. The firm designs standard IT solutions that offer stability, reliability, and high adaptability. These solutions are designed to provide stability and operational latitude, given the volatility of the industry. The firm's solutions include standard modules that cater to the entire value chain, providing standardized processes for best practices while also permitting customization to meet client-specific needs without increasing complexity excessively. The firm ensures high standards of service by employing professionals with comprehensive education and experience in relevant fields. Further, the firm leverages technologies such as Microsoft .Net, C#, Microsoft SQL Server, Windows Communication Framework, and Windows Presentation Framework for its solutions.
msg global solutions operates globally as a systems integrator and managed services provider with a specialty in SAP solutions. It aims to enhance functions such as accounting, regulatory reporting, performance management, customer experience, and IoT. The company is widely recognized for its extensive expertise in the financial services sector, but its offerings benefit a variety of industries by optimizing operational efficiency and supporting improved decision-making capabilities.
Established in 2007 in Redmond, Washington, Bravura Software focuses on developing high-quality and user-friendly products for both individuals and businesses. The company reaches out to a worldwide customer base. Bravura Software's primary product is OptiTune Enterprise Edition, a detailed Remote Monitoring and Management (RMM) system used by organizations to manage large numbers of computers and to deliver technical support to their personnel. The company offers solutions for tackling challenging issues while maintaining productivity and user enjoyment.
ITSurance Group provides technology solutions for the financial services industry, with a primary focus on the insurance sector. The company leverages industry expertise and advanced technology to create novel and scalable solutions tailored to the evolving needs of insurance companies and banks. At the heart of its product line is the ITSurance Platform 'SOUL', developed specifically for life insurance firms and banks offering insurance services. This core system allows for handling of various group and individual life insurance products efficiently. Additionally, it offers services including the ITSurance Data Analytics Platform, the ITSurance Customer Engagement Platform, and the ITSurance Cloud Services. All of these address different operational needs of insurance providers, from data analytics to customer engagement and IT optimization. In line with the insurtech trend, ITSurance Group aims to drive digital transformation within the sector.
Accenture is a professional services corporation that has global capabilities in cloud, digital, and security domains. With proficiency and dexterity spanning across more than 40 sectors, Accenture provides a range of services such as Strategy and Consulting, Technology and Operations Services. It also features something named Accenture Song, powered by an extensive network of Advanced Technology and Intelligent Operations centers. It caters to clients in more than 120 countries, harnessing the capability of transforming changes into values to foster shared success.
Adacta is a software provider with a specific expertise in the insurance sector. Established in 1989, the company has concentrated on enhancing digital capabilities within insurance organizations. Adacta has developed AdInsure, an insurance platform that benefits both Life and Property & Casualty insurers by optimizing their operations and procedures. The purpose of this platform is to provide insurance companies with a technological basis that remains relevant towards future developments. The company also cultivates a culture centred on mutual empowerment, fostering a supportive and encouraging working environment crafted to advance the potential of its colleagues.