Property and Casualty Insurance Management Software 2023 RadarView Scan™

December, 2023

$1,995.00

Report Summary

This RadarView Scan provides key information on select vendors that offer property and casualty (P&C) insurance management software. The report begins with the definition and scope of the P&C insurance management software. It then highlights the capabilities of the vendors offering P&C insurance management software for enterprises.

Each profile provides an overview of the vendor, solutions, and capabilities developed and business challenges solved for enterprises, along with key developments made around P&C insurance management software.

Why read this RadarView Scan?

P&C insurance management software enables insurers to optimize insurance operations by administering policies and claims, underwriting risks, and managing billing and reporting to enhance customer service. The software helps modernize legacy systems and enable regulatory compliance by leveraging integration capabilities while detecting insurance fraud. It further assists P&C insurers in augmenting customer experience, reducing the time to market for new products, increasing profitability, and streamlining quoting and renewal processes by leveraging emerging technologies such as AI, analytics, and automation.

This report identifies a vendor offering P&C insurance management software. It also provides a comprehensive view of its capabilities.

The following figure from the full report illustrates vendor assessment:

MoneyShot2 PC Insurance Management Software 1030x687 - Property and Casualty Insurance Management Software 2023 RadarView Scan™

Featured Providers

This RadarView Scan includes an analysis of the P&C insurance management software vendors Applied Systems, BriteCore, Duck Creek Technologies, EIS, Guidewire, Insuresoft, Insurity, Majesco, OneShield, and Sapiens.

Methodology

The insights and analysis presented are based on our ongoing interactions with senior executives, vendors, subject matter experts, and Avasant Fellows, along with lessons learned from consulting engagements.

Our evaluation of vendors is based on public disclosures, case studies, product sheets, executive interviews, and our ongoing market interactions. The assessment is for the capabilities of implementing P&C insurance management software across enterprises, leading to our recognition of a vendor that has brought the most value to the market.

Table of contents

About the report (Page 3)

Executive summary (Pages 45)

    • Defining property and casualty insurance management software

Lay of the land (Pages 6–8)

    • P&C insurance vendors are utilizing generative AI, automation, and analytics to innovate new products for insurers
    • P&C insurance vendors are augmenting their digital offerings to enhance customer experience

RadarView Scan overview (Pages 9–13)

    • Research methodology and coverage

Vendor assessment (Pages 14–15)

    • Assessment of P&C insurance management software vendors

Vendor profile (Pages 16–26)

    • Applied Systems, BriteCore, Duck Creek Technologies, EIS, Guidewire, Insuresoft, Insurity, Majesco, OneShield, and Sapiens

Key contacts (Page 28)