Leading Industry Analyst Firm sees BSB as a Challenger in European Life Insurance Policy Administration with Solife software

Louvain-la-Neuve, Belgium - 10 November 2011

Of 40 providers of life insurance administration systems tracked across Europe, Gartner, Inc has shortlisted 15 providers and positioned BSB as “Challenger” in its “Magic Quadrant for European Life Insurance Policy Administration Systems” .

“BSB’s positioning by Gartner in the Magic Quadrant is very rewarding and we see this as market recognition of the added value delivered by Solife software and confirmation of the relevance of our continuous investments in R&D,” says Jean Martin, CEO BSB group.

Gartner’s Magic Quadrant is a snapshot of the market for European life insurance policy administration systems. Gartner based its evaluation on “vendor’s ability to execute” and the “completeness of vision”. Challengers are positioned on the “ability to execute” axis where there are five criteria weighted “high” by Gartner. This specific evaluation covers the product itself (like quality, feature sets and skills), the vendor’s viability (the capacity to continue investing in the product), its sales executions and pricing (sales performance), its market responsiveness and track record (ability to respond to market and customers needs for change) and the customer experience.

Gartner takes into account the vendor’s product offering and overall strategy coupled to planned initiatives and product roadmap. The ability to adapt to market changes is also considered in the assessment.

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