Boston – Specialty, excess and surplus insurance companies are global in nature and, as such, require policy administration systems that include an ever-changing set of product configurations and operating models. This is the backdrop for a larger discussion released last week by three senior analysts at Boston-based Celent, Catherine Stagg-Macey, Donald Light and Ashley Evans, who authored “Policy Administration Systems for Specialty, Excess, and Surplus Insurers: A Global Solution Spectrum.”

“By their nature these markets require a high level of agility,” says Light. “It’s not surprising, that [in our research] we see a high level of interest among insurers in new and replacement policy administration solutions that will provide a competitive advantage.”

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