What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in insurance policy administration systems category. Our data sources in insurance policy administration systems category include;
Insurance policy administration systems help insurance companies handle policy-related routine tasks such as:
AIMultiple is data driven. Evaluate 14 services based on
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calculated based on objective data.
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We use the data sources on the side for ranking solutions and awarding badges in insurance policy administration systems category. Our data sources in insurance policy administration systems category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
Hub Intranet
Survey2Connect
Instec Policy
IVANS Download
Oracle Insurance Policy Administration
Taking into account the latest metrics outlined below, these are the current insurance policy administration systems market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
Hub Intranet
Survey2Connect
IVANS Download
Instec Policy
Oracle Insurance Policy Administration
These are the number of queries on search engines which include the brand name of the solution. Compared to other Insurtech categories, Insurance Policy Administration Systems is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 88%, 3% more than the average of search queries in this area.
178 employees work for a typical company in this solution category which is 157 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 6 companies with >10 employees are offering insurance policy administration systems. Top 3 products are developed by companies with a total of 7k employees. The largest company building insurance policy administration systems is Sapiens with more than 4,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
Hub Intranet
Instec Policy
Silvervine Policy Administration
Survey2Connect
IVANS Download
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Insurance Policy Administration Systems companies. The most positive word describing Insurance Policy Administration Systems is “Easy to use” that is used in 19% of the reviews. The most negative one is “Difficult” with which is used in 5.00% of all the Insurance Policy Administration Systems reviews.
According to customer reviews, most common company size for insurance policy administration systems customers is 51-1,000 employees. Customers with 51-1,000 employees make up 60% of insurance policy administration systems customers. For an average Insurtech solution, customers with 51-1,000 employees make up 44% of total customers.
These scores are the average scores collected from customer reviews for all Insurance Policy Administration Systems. Insurance Policy Administration Systems is most positively evaluated in terms of "Customer Service" but falls behind in "Ease of Use".
This category was searched on average for 265 times per month on search engines in 2022. This number has decreased to 170 in 2023. If we compare with other insurtech solutions, a typical solution was searched 265 times in 2022 and this decreased to 170 in 2023.