Although North American life, annuity and pension administration systems technology providers have seen a decline in deals since 2009, vendors with stand-alone systems have increased their deal volume. In a new report, “Deal Trends and Predictions in the Life Insurance Policy Administration Solutions Market: 2012 North American Edition,” Celent notes that deals are down 12.8 percent since Celent published its 2009 ABCD Vendor View report. Since that time, Celent notes only six major deals have occurred in the policy admin space.
That said, the outlook for the North American policy administration system market is expected to be cautiously upbeat over the next three years, with a compound annual growth rate of 10.2 percent, according to the report.
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