Celent analyzed policy administration systems for life and annuities insurance, using the Celent ABC Vendor View, a resource for identifying premier technology solutions serving the insurance and financial industries. The vendor view (below) shows the relative positions of each vendor in three categories: Advanced Technology, Breadth of Functionality and Customer Base and Support.
The Celent ABC Vendor View is a resource for identifying premium technology solutions serving the insurance and financial services industry.
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Celent Opinion
“Since our last review, Sapiens has made major investment in the solution. The configuration module provides an intuitive interface leveraging specific rules capabilities with Sapiens Decisions ,Sapiens business logic and modeling engine.”
“The Sapiens CoreSuite L&A internal user interface remains one of the best we have seen on the market, with a great balance between tables, graphics, and visuals. We particularly value the historical view of policies using a chronological timeline.”
“Sapiens CoreSuite for L&A remains a robust system in terms of features and function. With the investments started by Sapiens over the past few years along with its future road map, we think the vendor will continue to expand its customer base in North America. CoreSuite for L&A is worth looking at when shortlisting”
The Vendor View shows the relative positions of each vendor in three categories:
Advanced Technology
Breadth of Functionality
Customer Base and Support
Sapiens CoreSuite’s leading position in two key categories means the company’s CoreSuite solution is described by Celent as “Luminary” which is the top tier in Celent’s Technical Capabilities Matrix.
The Technical Capability Matrix places each solution into one of five categories based on the depth and breadth of its technology and functionality.
Customers said:
“Transparency. Easy to work with. Strong subject matter expertise in all areas.”
“Strong executive engagement. Modern system architecture. Flexible product configuration by business resources.”
“There are some functions of the system that are user friendly. Consultants have been helpful.”
Customer Feedback
Here is what clients told Celent they liked the best:
We operate in a collaborative delivery model with a very successful self-sufficiency capability. The vendor, as both software vendor and implementation partner, has been a trusted partner. Excellent built-in Insurance Risk Management capabilities. IDITSuite has proven to be a very successful implementation. The level of customisation capability is exactly as is required and includes the necessary controls to ensure maintainability over time.
Delivery culture
Continuous investment in platform
Customer centricity
About the system: the integrity of the modules, product management, setup manager
About the vendor: responsiveness, taking care of client’s requirements and the staff’s knowledge of business and technology
Celent Technical Capability Matrix
Celent ABC Vendor View for EMEA Policy Administration Systems
Customer Feedback
Sapiens has a digital insurance platform proposition offering end-to-end modular insurance solutions, of which IDIT is a component. Sapiens IDIT is a multilingual, multicurrency, very functional, and highly configurable solution with a user-friendly, web-based interface.
ABC Vendor View
Since 2007, Sapiens IDITSuite has been consistently recognised by Celent for excellence in the following categories:
2007
2009
2011
2012
2014
2016
2018
2021
2023
Advanced Technology & Breadth of Functionality
Advanced Technology & Breadth of Functionality
Advanced Technology & Breadth of Functionality
Advanced Technology
Advanced Technology & Breadth of Functionality
Advanced Technology & Breadth of Functionality
Advanced Technology
Breadth of Functionality
Breadth of Functionality
Since 2007, Sapiens IDITSuite has been consistently recognised by Celent for excellence in the following categories:
2007
2009
2011
2012
Advanced Technology & Breadth of Functionality
Advanced Technology & Breadth of Functionality
Advanced Technology & Breadth of Functionality
Advanced Technology
Advanced Technology & Breadth of Functionality
Advanced Technology & Breadth of Functionality
Advanced Technology
Breadth of Functionality
Breadth of Functionality
2014
2016
2018
2021
2023
Sapiens CoreSuite for Life & Annuities was Named a Luminary PAS and Excels on both Advanced Technology and Breadth of Functionality
