The report profiles 22 policy administration systems and reflects the positions of ten policy administration solutions evaluated and judged relative to industry peers. Within this framework, the top performers according to Celentâs assessing dimensions / criteria receive a corresponding XCelent Award. Bravura was named a leader in the Depth of Service category and was evaluated based on the delivery of its life insurance solution.
The reportâs author, Celent Senior Analyst, Wenli Yuan said: âCelent endeavoured to include as many of the leading life and pension insurance policy administration systems available in Asia-Pacific as possible, in this report. These systems were evaluated based on advanced technology and technical flexibility, breadth of functionality, customer base and depth of client services. Bravura obtained the highest score for depth of client serviceâ.
Roland Slee, Bravuraâs Managing Director, Asia Pacific said: âWe are honoured to have received this acknowledgement from Celent. Excellence in service is at the very core of our business and paramount to the delivery of high quality solutions.
âFrom requirements gathering, to implementation and ongoing support, service is vital. To be recognised by Celent in an impartial evaluation such as this is testament to Bravuraâs standing as financial technology industry leaders and our deep focus on client service provisionâ.
Bravuraâs life insurance solution is a client-centric, rules-based application with workflow management that supports the rapid launch and flexible administration of many different product types. It is delivered with building blocks for term assurance, critical/terminal illness, disability, redundancy, premium waiver, whole of life and a range of unit-linked policies. The system supports all lifecycle functions, including managing clients, managing products, new business, underwriting, policy administration (policy servicing), billing and collection, fund/unit management, claims management, and reinsurance.