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Policy administration is getting redefined as new data sources, AI, ML and recommendation engines change the insurance offer life cycle.

Insurers can expect competition to remain intense for policy-administration systems without a major vendor to choose from in the near future, says Celent, a major consulting service.

Insurers can expect competition to remain intense for policy-administration systems without a major vendor to choose from in the near future, says Celent, a major consulting service.

Seeking the right fit has enabled Maple to be named a co-winner of a RAVE Award for its Aspire policy administration system.

Maximum Processing's Stingray software solution was selected as a co-winner in the policy administration system category.

Ebix's ability to achieve customer satisfaction helped its EbixAdvantage product earn a RAVE Award as a co-winner in the policy administration category.

MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek Limited, announced its new policy administration software offering, Elixir North America Policy Administration System, an end-to-end back office solution managing of the policy lifecycle from new business to claims for life, health and annuity insurance carriers.

Policy administration system implementations consistently make the ‘A List’ of important projects for insurers every year. There always are a large number of policy administration projects under consideration in the insurance industry—some to handle new lines of business, some to manage processing for new companies—but the vast majority are undertaken...