For the purposes of the current ‘EMEA Policy Administration Systems 2017: Life, Annuities, and Pension ABCD Vendor View’ report Celent researched the systems of 38 international IT service providers for the insurance and finan-cial services sectors. In the ‘Advanced Technology’ category the adesso solu-tion, in|sure PSLife, an administration system for life insurers, took first place.
This category assessed servicing of the systems, flexibility of the data model, scalability, ongoing improvement of technical performance, configurability and integration of external and internal data and systems. In addition, cus-tomer references in respect of functionality and the total number of solutions supplied were also fed into the assessment.
“in|sure PSLife offers a good balance between extended functions and fea-tures – particularly in terms of production configuration and modern technol-ogy. Above all, we value the logic offered to users via the system in respect of product modelling and compliance with German standards during the course of the application process,” wrote Celent analysts, Jamie Macgregor and Ni-colas Michellod, in the report.
in|sure PSLife, is a contract and claims administration system, which includes all relevant business-related circumstances and displays the full range of life insurance products. The software solution has, over less than 10 years, devel-oped into a leading administration system on the enormous life insurance market and is used by five German insurers.
“We are very happy to be receiving the XCelent Technology Award already for the second time. This renewed distinction is proof of our intensive invest-ment in the platform and the outstanding work of the team behind the prod-uct,” said Josef Goeres, Managing Director of adesso insurance solutions. “We have achieved outstanding success in Germany with in|sure PSLife and in future we would like to celebrate similar success on other markets too.“