Jan 12, 2024
Amsterdam, NL, Jan 12, 2023 — Adacta announced that Gartner, a company that delivers actionable, objective insight to executives and their teams, included Adacta in its recent Market Guide for Life Policy Administration Systems (PAS) in the Europe, Middle East, and Africa (EMEA) region.
“Gartner surveyed 31 of the approximately 50 vendors operating in the EMEA life policy administration system market”. Adacta was recognized in the guide alongside 16 other organizations. This marks the first time Adacta was included in the Market Guide for Life Policy Administration Systems, EMEA.
According to Gartner, ‘’Insurance CIOs can use this Market Guide to develop a holistic understanding of the EMEA market and to refine their vendor shortlists for RFIs and RFPs.'' According to Gartner “A vendor included in this Market Guide should provide support and record keeping for end-to-end policy administration transactions, including new product development and ongoing product maintenance, quotations/illustrations and new business management, assessment and underwriting of risks, policy issuance, collections and disbursements, technical sub-ledger accounting, ongoing contract administration and endorsements, as well as benefits and claims management’’.
Alexey Tikhonov, CEO of Adacta, states:
"Being featured in Gartner's report for the first time in the life policy administration sector is a momentous occasion for Adacta. We believe, it acknowledges our expertise beyond our stronghold in non-life insurance and reaffirms our standing as an innovator in the insurance software market. Our focus remains steadfast on enhancing and expanding our offerings to empower insurers with technology that not only meets but advances industry standards."
As the industry faces rapid changes and technological advancements, Adacta continues to invest in its software to meet the evolving needs of its clients. The company's focus on delivering high-quality, adaptable solutions aligns with the market's shift towards system rationalization, modularization, and automation technologies.
Adacta remains dedicated to helping insurers navigate the complexities of modern policy administration, providing solutions that not only tackle current challenges but also pave the way for future growth and success.
Full report is available on Gartner's website (For Gartner subscribers only).
Gartner, Market Guide for Life Policy Administration Systems, EMEA, 6 December 2023. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Adacta is a leading software provider for the insurance industry. Its insurance platform – AdInsure – provides Life and P&C insurers with a future-proof way to streamline their operations and processes. Since 1989, Adacta has spent decades helping insurance organizations grow their digital capabilities and drive increased profit. Their mission is simple: Empower tomorrow's industry leaders to realize their potential through technology.
The AdInsure insurance platform is the digital foundation insurance businesses need to keep up with industry changes. It connects and supports all the insurance teams, helping them work smarter, launch faster, and provide modern customer experiences. Built around industry best practices, AdInsure combines comprehensive features in a single, unified platform. It delivers an innovative environment that connects insurance organizations with emerging technologies, service providers, partners, and clients.