Keylane enters the Leader’s sector of Gartner’s Magic Quadrant for Life Insurance Policy Administration Systems in Europe.
Gartner’s Magic Quadrant
Gartner’s Magic Quadrant assesses vendors on their ability to execute and completeness of vision. It is designed to help life insurers make well-informed decisions about the provision of policy administration systems and differentiate the vendors by focusing on those key areas that are fundamental to the decision making process. Gartner investigated more than 40 vendors working in over 46 countries to provide a balanced analysis of the European vendor market. Only nine made it to the Quadrant.
“This recognition of Keylane’s vision and ability in its life insurance solution is most welcome” says Ronald Kasteel, executive board member at Keylane. “We see this as a validation of our vision of the shape of life insurance administration systems to come and the dedicated team we have that is working to build that vision of a modern, digital system that meets our customers’ needs both now and in the future”.
Keylane has made significant investment in its provision of insurance services across the full range of policy administration. Our strategy of building shared components across our core policy administration systems means that we can provide integrated services to multi-line insurers under a single, user-friendly interface with shared functions and economies of scale. Our portal now supports the front and back office throughout the entire life cycle.
Most experienced SaaS provider
Ronald Kasteel added, “Keylane’s digitally enabled SaaS policy administration model is fully maintained by us, keeping pace with legislative changes and continually providing new function. Our customers have total confidence that their system will remain current, relevant and fully managed insulating them from the demands and costs of external change. We are fully committed to working with our customers over the long term to create and deliver the services they need.”
Keylane has an enviable track record of SaaS implementations and migrations for its Life insurance customers. Our Migration factory has proved that migrations can be reliable and cost effective. We have successfully completed over 30 migrations and, for instance, with a.s.r. a top Dutch insurer, we are consolidating 7 legacy systems with over 1800 products to 1 system with 8 products.
Keylane has attained compliance with ISO 27001 and ISAE 3402 standards giving its customers peace of mind that they can rely on a safe, secure service for all their policy administration needs.