Gartner Research

Critical Capabilities for Life Insurance Policy Administration Systems, Europe

Published: 22 September 2021

Summary

Rearchitecture to the cloud and conversion of services to RESTful APIs dominate R&D of life insurance policy administration vendors. Insurance CIOs should use this Critical Capabilities document to examine the capabilities and maturity of these offerings alongside other core competencies.

Included in Full Research

  • Agito
  • DXC Technology
  • Fadata
  • Lumera
  • msg life
  • Sapiens
  • Tata Consultancy Services
  • New Product Development/Maintenance
  • New Business Management
  • Workflow and Process Management
  • Component-Based Architecture
  • Ongoing Policy Administration
  • Group Servicing Functionality
  • Reporting and Analytics
  • Claims Management
  • Product Configuration
  • Straight-Through Processing of Applications
  • Contract Changes and Claims Support
  • Group Business Support
  • Adaptability of the System
  • Digital Business Support
  • Decision Support

Analysts:

Laurie Shotton,  Rajesh Narayan

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Critical Capabilities: A deeper look into provider offerings

How does a Critical Capabilities report work?

As a companion to the Magic Quadrant™, a Critical Capabilities report scores competing products and services against a set of meaningful differentiators. It reveals which options are the best fit in various use cases to help you focus on the vendors best suited to your needs.

A Critical Capabilities report is more than just a diagram. You also get:
Sharper focus

Narrow down the product and service criteria most important to you.

Individualized use cases

Use interactive features to customize usage scenarios based on your organization’s unique needs.

Faster decision making

Use data to speed up provider selection and accelerate the procurement process.

A Gartner Critical Capabilities report is just one of our many offerings.

We provide actionable, objective insight to help organizations make smarter, faster technology decisions to stay ahead of disruption and accelerate growth.

Pick the right provider with confidence

We use a Critical Capabilities report, the Magic Quadrant and more to ensure you select the best-fit provider to avoid the costly repercussions of a poor decision.

Align deal structures and optimize spend

We benchmark pricing against the market so you avoid unnecessary charges.

Reduce complexity and risk

We analyze contract terms and conditions to protect you against future price increases and unanticipated costs.

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