CSC Positioned in Leaders Quadrant in Magic Quadrant for European Life Insurance Policy Administration Systems

The Gartner report Magic Quadrant for European Life Insurance Policy Administration Systems evaluated 15 software providers for life insurance policy administration systems. Policy administration packages enable life insurers to develop new products, manage the underwriting process, maintain the policy data of their policyholders and issue life insurance policies.

The European market for life insurance policy administration systems has shrunk during the past five years. Three vendors in this research were part of merger or acquisition transactions. Life insurers and pension providers need to carefully assess the long-term viability of software providers.

CSC is pleased to be positioned in the Leaders Quadrant.

According to Gartner, “Leaders have the highest combined scores for Ability to Execute and Completeness of Vision. They have a thorough market understanding, a strong insurance industry focus and a clearly articulated vision for the future of the market and their product. Leaders are able to express the unique selling points for their life insurance policy administration systems, offering technically solid and functionally complete software products. They have a proven implementation track record with an adequate installed base, constantly develop new reference clients, are present in multiple European countries and have the necessary human and financial resources to further penetrate their market. They also have robust organizational structures and professional services resources. We have placed the largest emphasis on the product strategy, customer experience and product offering. There are three Leaders in this year's Magic Quadrant: COR&FJA with COR.FJA Life Factory, CSC and Fadata.

View the Gartner Magic Quadrant for European Life Insurance Policy Administration Systems.