Chad Hersh: US PAS Marketplace Overview
Posted: Thursday, June 24th, 2010 at 1:59 PM | By: Camilion
Chad Hersh, Principal, Insurance Practice, Novarica recently published a blog post discussing the state of the US Policy Administration Systems (PAS) Marketplace. He reviews the key factors that led to the growth of recent PAS Systems replacement projects. A few highlights from the post include:
- A ton of innovation in the Property/Casualty Policy Administration System space with carriers adopting new solutions that have matured over the past decade
- Vendors that keep their solutions truly modernized and refreshed have the potential to survive in this competitive market
- In the next year or two, we will likely see the Life/Annuities systems market have a stronger recovery
- The P/C market is in a “steady state” with a strong 2010 flowing into strong pipelines for top vendors through 2011 and 2012
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"The P/C market is in a “steady state” with a strong 2010 flowing into strong pipelines for top vendors through 2011 and 2012" - Chad Hersh, Principal, Insurance Practice, Novarica