Policy administration system (PAS) software enables insurers to execute customized end-to-end lifecycle management capabilities for each individual customer. The technologies such as advanced analytics and AI-based decision making are now allowing insurers to access a vast amount of customer data through multiple channels, including website and mobile platforms, which is driving the competition for providing a transparent and better service delivery based on the needs of the policyholders.
Quadrant Knowledge Solutions’ Life Insurance Policy Administration System (PAS- L&A) market research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. The study provides a comprehensive market forecast analysis of the global market and the overall market adoption rate as well. This research provides strategic information for technology vendors to better understand the existing market, supporting their growth strategies; and for users to evaluate different vendors’ capabilities, competitive differentiation, and market position.
The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. SPARK Matrix includes ranking and positioning of leading PAS- L&A solution vendors, with a global impact. The SPARK Matrix includes an analysis of vendors, including Accenture, EIS Group, EXL Service, Fadata Group, FAST, Infosys McCamish, Keylane, LIDP, Majesco, Mphasis Wyde, Msg Life, Oracle, QL Admin Solutions, Sapiens, Socotra, TCS, Vermeg, and Vitech.
2021 Life Insurance Policy Administration System SPARK Matrix
Source: Quadrant Knowledge Solutions
Table of Contents
- Key Research Findings
Market Overview and Technology Trends
Factors Influencing Technology Development and Market Growth
Market Adoption Trends
Competition Landscape and Analysis
- Competitive Overview and Analysis
- Key Competitive Factors and Technology Differentiators
SPARK Matrix™: Life Insurance Policy Administration System Market
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