Published: 09 September 2019
Summary
Improved business agility, legacy system inflexibility, and time to market are top reasons why CIOs from North American life insurers seek a new policy administration system. This research helps CIOs match policy administration capabilities with insurers’ needs to become more agile.
Included in Full Research
- Critical Capabilities Use-Case Graphics
- Vendors
- Accenture (ALIP)
- Andesa Services (AFAS)
- Concentrix (GIAS)
- DXC Technology (wmA)
- EIS Group (EIS Suite)
- EXL (LifePRO)
- FAST (FAST)
- Infosys McCamish (VPAS)
- Majesco (Majesco Policy for L&A and Group)
- Oracle (OIPA)
- QLAdmin Solutions (QLAdmin)
- Vitech Systems Group (V3)
- Context
- Product/Service Class Definition
- Critical Capabilities Definition
- Rule and Calculation Management
- New Business Management
- Workflow and Process Automation
- System Modularity and Integration
- Policy Life Cycle Management
- Digital Business Support
- Straight-Through Processing
- Reporting and Data Management
- Group Enrollment Functionality
- Group Claims Functionality
- Group Billing Functionality
- Individual New Business Capability
- Use Cases
- Group/Worksite Enrollment, Claims and Billing
- Individual/New Business Onboarding/STP
- New Product Development/Launch
- Policy/Contract Change
- Digital User Support
- Vendors Added and Dropped
- Critical Capabilities Rating