Gartner Research

Best Practices for Assessing Risks of North American Life and Annuity Insurance Policy Administration SaaS Solutions

Published: 28 May 2015

ID: G00275044

Analyst(s): Steve Horneman

Summary

North American life and annuity insurers are increasingly interested in the benefits of SaaS for policy processing, but their options are limited and largely unproven. Insurance CIOs considering SaaS must carefully assess provider capabilities or risk implementation failure.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Select Vendors That Offer a Solution Roadmap That Clearly Aligns With Your Company's Business and IT Objectives
  • Heavily Favor SaaS Providers That Can Demonstrate a Solid Track Record in On-Premises Policy Processing Implementations
  • Focus Early-Adopter SaaS Initiatives on Comparatively Low-Risk Policy Administration Processes That Offer Real Potential in Solving Business Issues Through a Hybrid Cloud Computing Strategy

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