Ovum Decision Matrix: Selecting a Life Insurance Core Administration Platform for Use in Europe

Introduction

As European life insurers face the challenges of weak market growth, increasing regulation, volatile investment returns and the uncertainties of the eurozone crisis, the ability of core insurance platforms to support product introduction, regional expansion, and process optimization will be critical. However, given that the choice of core administration platform can play a pivotal role in an insurer’s business effectiveness for 10 to 20 years, platform replacement is probably one of the most crucial technology decisions an insurer can make.

Highlights

The reports identifies key criteria that life insurers must assess when selecting a core platform vendor, and categorizes vendors as market leaders, market challengers, and market followers.

Features and Benefits

  • The report provides a detailed methodology for evaluating vendors.

  • Provides a detailed assessment of 10 leading platform vendors serving the European life insurance sector.

  • Makes recommendation that will help life insurers identify potential platform vendors for their business.

Key Questions Answered

  • What are the key criteria that life insurers need to assess when selecting a core processing platform?

  • Who are the key core platform vendors serving the European life insurance market?

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