Policy Administration 2010

Strategy Series

Posted: August 1, 2010

The global economy may still be fighting to regain solid footing after the precipitous financial crisis of 2008, but in the insurance policy administration systems market, business is very much alive and flourishing.

According to numerous industry analyst sources, there are nearly 60 vendor companies offering policy administration systems in the U.S. alone. With policy administration implementation being a major project for any P&C insurer, however, it is perhaps surprising that there are so many companies actively selling and servicing such products. Why do we have so many vendors, and can those companies hope to survive in the long term.

For answers to these and other questions about the continually active policy administration market, we consulted several noted industry analysts to get their views.

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