Evaluation Based on Completeness of Vision and Ability to Execute
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 June 19, 2013.
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. Andesa was one of two vendors added to the Magic Quadrant for the first time this year.
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 system architecture/flexibility, overall viability (business unit, financial, strategy and organization), sales execution/pricing, market responsiveness, track record, 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 our positioning in the Challengers quadrant is a testament to our commitment to administer blocks of policies reliably and at a predictable cost in a software-as-a-service (SaaS) model,” said Andesa Services President and CEO Ron Scheese. “Seven of the top 13 life insurance and annuity companies already rely on Andesa, and we look forward to expanding our offerings to even more industry leaders.”
About Andesa Services
Celebrating its 30th anniversary in 2013, Andesa Services has been a consistent leader in quality, highly efficient, integrated marketing and administrative solutions for life insurance and annuity companies and their distributors. Seven of the top 13 U.S. life insurance companies – as well as a number of the largest brokerage firms in the country – use Andesa’s suite of services to deliver superior policy administration, plan administration, reporting and illustration solutions. Andesa’s client-centric solutions combine a unique ASP/TPA business model with a modern technology blueprint and exceptionally knowledgeable insurance professionals in support of open and closed blocks of individual and group insurance. To learn more about Andesa, visit https://andesaservices.com/.
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