Life And Annuity Illustration Systems: North American Edition 2023 XCelent Awards

Celent analyzed 11 illustration vendors being used for life, health and annuities products in North America. The Celent ABC Vendor View is a resource for identifying premium technology solutions serving the insurance and financial services industry. Using the ABC Vendor View, Sapiens was positioned as an XCelent award winner for both Breadth of Functionality and Customer Base and Support.

DOWNLOAD THE REPORT

Celent Opinion

"Sapiens illustration system is a top-tier system. “

“The interface is clean and easy to use, even for the novice user. Multiple illustrations can be generated concurrently for the same client or different clients, including online comparisons. The system has multiple solves to back into the insurance required.”

“The system supports both presale and inforce illustrations with considerable postsale capabilities. Not all systems reviewed can bring in policy data for an inforce illustration.”

The Vendor View shows the relative positions of each vendor in three categories:

Advanced Technology

Breadth of Functionality

Customer Base and Support

Sapiens IllustrationPro’s leading position in two key categories means the solution is described by Celent as a “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 Life and Annuity Illustration Systems 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.

Sapiens IDITSuite VendorMatch

Celent
XCelent Awards

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

Advanced Technology & Breadth of Functionality

Advanced Technology

Breadth of Functionality

2014

2016

2018

2021
2023

Sapiens IllustrationPro was Named a Luminary solution and won XCelent awards for Breadth of Functionality and Customer Base and Support