Insurance carriers can expect policy-administration system vendors to remain highly competitive because the industry still has no major vendor to choose from in the near term, a Celent report said. "The market for policy-administration systems in North America should remain reasonably strong for several more years. The features, functions and usability of a broad range of packages will continue to present strong price, value and risk metrics to many insurers," said Donald Light, a senior analyst with Celent.

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