Life/Annuity/Benefits Policy Administration Systems

Interest in policy administration system replacement remains strong at life, benefits, and annuity insurers. The companion report displaying the capabilities of the profiled vendors can be accessed here.

February 21, 2023 – The L/A/B PAS market remains strong for those vendors providing insurers improved product development speed and flexibility, as well as digital engagement. This report provides an overview of the available PAS and suites for U.S. L/A/B insurers. The report profiles 21 PAS solutions along with an overview of the providers’ key features and capabilities, client base, lines of business supported, strategic partnerships, key differentiators, and product roadmap.

This report is designed to assist insurers in drawing up their short lists of potential providers based on vendor market position and offering details. Vendor profiles are based on direct responses to an RFI distributed by Aite-Novarica Group, technical discussions with each vendor to verify the RFI responses, and subsequent follow-ups with the vendors to validate and confirm responses.

This report profiles the following vendors: Accenture, Andesa, DXC, EIS, EXL, FINEOS, FIS, Haven Technologies, Infosys, LIDP, Majesco, Management Data Inc., Mphasis, Oracle, Penn River, Sapiens, Socotra, Tata Consultancy Services, Verisk, and Vitech.

Clients of Aite-Novarica Group’s Life, Annuities, & Benefits service can download this report. The companion report displaying the capabilities of the profiled vendors can be accessed here.

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