- Insurers operate fragmented, heavily customized legacy policy administration systems (PAS) platforms that are hard to scale, integrate, and support real-time data or digital experiences.
- Determining the right modernization path (upgrade, re-platform, replace, or maintain) is critical to long-term business alignment.
- Rising claims costs, regulations, and customer demands add urgency to PAS decisions.
- Competitive pressures demand faster, more flexible systems than legacy PAS can provide.
Our Advice
Critical Insight
- Carriers do not compete on policies alone; they compete on the strength of their PAS.
- The right PAS unites operations, embeds compliance, and powers agility to capture growth in volatile markets.
- Aligning PAS modernization with business strategy reduces risk, accelerates value delivery, and drives sustainable growth.
Impact and Result
- This buyers guide gives P&C insurers a clear process for PAS modernization, starting with an analysis of market capabilities and innovations to align technology choices with strategic goals.
- It includes assessing organizational readiness and technical fit, then comparing pathways to select the best option.
- The Vendor Evaluation Tool maps capabilities, scores vendors, and ensures alignment with business and technology needs, helping reduce risk, speed value delivery, and enable sustainable growth.