How to run an insurance core systems market scan

The insurance core landscape in numbers

The registry lists 93 insurance core vendors with 336 products, headquartered in 19 countries. 65 name at least one financial institution as a customer. 10 of the products mention an AI capability in their own text (3%).

The largest by named customers

The newest entrants

The full list, with every vendor's flagship product and named customers: Insurance policy administration and claims software.

How to evaluate insurance core vendors

1. Start from lines and channelsGeneral, life, health; direct, broker, bancassurance. A vendor deep in commercial lines may have no life product at all.
2. Configure a product in the demonstrationAsk for one of your products, with its rating factors and endorsements, configured live, and watch who does the configuring.
3. Follow a claimFrom first notice to payment, with a reserve change and a supplier in the middle; the claims workflow is where insurers spend.
4. Read the data modelParty, policy, claim and billing as one model or four; the answer decides the reporting and the integration work.
5. Check the migration recordNamed migrations of in-force books, with their elapsed time, are the evidence; policy counts alone are not.

The method for the scan as a whole, longlist to shortlist, is on the market scan page; the report template gives the headings.

The requirements that separate them

Must-haves in most scans of this category: the register's gates. Each needs evidence named beside it.

• Product and rating configuration by the insurer without vendor code changes
• Claims management with reserving, suppliers and payments in one workflow
• Billing for every distribution channel and payment method the insurer uses
• A single party and policy data model for reporting
• Named in-force book migrations
• Outsourcing, resilience and data terms that meet the prudential standard for insurers

Go further

• Insurance policy administration and claims softwareEvery insurance core vendor, the largest by named customers, the newest, the table and the questions.
• Insurance core in financial services this weekThe weekly brief: the news in this category, with its sources.
• Fintech Market Scan 2026The whole landscape in numbers.
• Have Vederca run the scanYour requirements to up to 15 insurance core vendors, every response evaluated, a report recommending a shortlist. One fixed fee.