From January 2011 to April 2013, more than 150 P&C insurers licensed a new policy administration system, according to a vendor report from Celent. As of April 2013, approximately 160 P&C insurers were in the implementation process. In that same two-and-a-half year span, nearly 50 life insurers licensed a new PAS.
The reports represent the fifth set of releases in Celent’s biennial series that looks at core systems available to P&C and life/health insurers in North America. Celent said activity level has remained high among both insurance sectors and PAS vendors since the first report in 2005.
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