Andesa Services Positioned in the Challengers Quadrant of the Magic Quadrant for North American Life Insurance Policy Administration Systems

Andesa Services, a leading provider of comprehensive, integrated policy administration, plan administration and support solutions for life insurance and annuity carriers and producers, today announced it has been positioned by Gartner, Inc., in the Challengers quadrant of the “Magic Quadrant for North American Life Insurance Policy Administration Systems” published in September 2014.

As stated in the report, “To be included in the Magic Quadrant, vendors must offer a software solution that provides core policy administration for life and annuity products in the North American market.” This is the second consecutive year that Andesa has been named to the Magic Quadrant.

We believe being positioned in the Challengers quadrant for the second consecutive year is proof positive that Andesa is successfully delivering on our commitment to our clients and that we are continuously focused on improving the user experience of our technology.

Policy administration vendors included in the report were evaluated on their “ability to execute” and “completeness of vision.” The “ability to execute” dimension was evaluated based on product or service, overall viability (business unit, financial, strategy and organization), sales execution/pricing, market responsiveness, marketing execution, customer experience and operations. “Completeness of vision” was evaluated based on market understanding, marketing strategy, sales strategy, product strategy, business model, vertical/industry strategy, innovation and geographic strategy.

“We believe being positioned in the Challengers quadrant for the second consecutive year is proof positive that Andesa is successfully delivering on our commitment to our clients and that we are continuously focused on improving the user experience of our technology,” said Ron Scheese, President and CEO. “For more than 30 years, Andesa has helped carriers of all sizes utilize modern technology to meet their strategic goals, improve operational efficiency, reduce costs and improve speed-to-market.”

About Andesa Services

Andesa Services provides comprehensive, integrated policy administration, plan administration and support solutions for life insurance and annuity carriers and producers. Andesa began as a pioneer in the field of SaaS policy administration. Today, more than 30 years later, we provide seven of the top 13 life and annuity carriers and several top brokers with a comprehensive suite of services backed by decades of proven, practical expertise in the life insurance industry. Andesa’s highly experienced team of U.S.-based professionals is made up of devoted client advocates who help insurers large and small save time, reduce risk and tap unrealized value.

To learn more about Andesa, visit http://www.andesaservices.com/, or follow the company on Twitter and on LinkedIn.

Disclaimer

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.

 
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