Celent consulting firm in Boston announced that it has publisheda report that provides a detailed look at 27 policy administrationsystem vendors for specialty, excess and surplus lines of businessfrom around the globe.

"This year has seen continued interest in core systemsreplacement among property-casualty insurers," said Celent. "In theunique and competitive specialty, excess and surplus markets,insurers require a policy administration solution that canaccommodate an ever-changing set of product configurations andoperating models."

The report, "Policy Administration Systems for Specialty,Excess, and Surplus Insurers," examines the vendors that servespecialty insurers in the United States, Canada, Bermuda, Europeanand London markets, the firm said.

Celent noted that it defines specialty insurance as coveringcomplex and/or unusual commercial risks.

"The five broad functional areas found in policy administrationsystems for specialty lines--underwriting desktop, rating engine,policy administration, billing and outward (or ceded)reinsurance--are also found in any complete, modern policyadministration system. What differentiates the policyadministration systems in this report is their ability to meet theunusual product configuration needs of specialty, excess andsurplus lines of business," Celent explained.

The report provides individual profiles for each solution thatcovers company background, geographies served, client base, productfeatures, lines of business supported and technology stack. Thereport also includes graphics with a comparative view of vendors ineach geographical area for quick reference, said Celent.

Further information is available at [email protected].

Celent helps financial institutions formulate comprehensivebusiness and technology strategies.