The political and financial upheaval that now define much of the Europe, Middle East and Africa is reflected in the reticence of insurers to invest in new core systems, a new study from Celent finds.
The report, “Deal Trends in Life, Pensions, & Annuities Policy Administration Solutions, 2011 EMEA Edition,” examines the size and dynamics of the policy administration solution markets across the EMEA region. Authored by Celent senior analysts Jamie Macgregor and Nicolas Michellod, the report tracked 96 policy administration system deals between January 2009 and June 2011 and used the period of January 2007 to June 2009 as a basis for comparison. “Using this data and adjusting for overlaps, an overall downward trajectory has been seen of 19 percent to date,” the report states. “Large deals experienced the biggest drop of 42 percent.”
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