Report

AIM Evaluation: Life PAS Vendors’ External Third-Party Data Integration Capabilities

At the heart of any life insurance or annuity carrier is its core platform or policy administration system.
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Boston, March 28, 2019 – As the insurtech industry evolves, the number of ecosystems, tools, and data elements increase, creating more demand on the PAS to produce more integration points through application programming interfaces and microservice-based technologies. The ability to seamlessly integrate internally and externally, with minimal effort, is key to the success of these platforms. Life and annuity carriers that are limited by legacy core systems will fall behind the industry due to the inability to adapt to new data, integrate with new systems, develop new products, or reduce overall operational expenses.

Leveraging the Aite Impact Matrix (AIM), a proprietary Aite Group vendor assessment framework, this Impact Report evaluates the overall competitive position of 11 vendors, focusing on vendor stability, client strength, product features, and client services. This report profiles Accenture, Andesa, DXC, EIS Group, EXL, FIS Global, LIDP, Majesco, Oracle, Socotra, and Vitech.

This 61-page Impact Report contains 24 figures and 12 tables. Clients of Aite Group’s Life Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Aquila Heywood, Cegedim, Comarch, Concentrix, Coopengo, FAST Technologies, Fineos, Gratex, iPipeline, JDi Data Corporation, msg life, NTT Data Corporation, Sapiens, SE2, Sunlight Solutions, and Tata Consultancy Services.

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