New York, NY, USA
January 3, 2008

Document Automation Solution Vendors for Insurers 2007

Report Published by Celent

As the document automation space has matured, there has been a convergence of functionality and features offered by vendors. This is a positive development for clients, but can make the selection process difficult. Insurers will need to answer some questions about their usage of a document automation solution before making a vendor choice.

Document automation is the authoring or automatic generation of a document to communicate with external parties. Because the majority of incoming and outgoing communication in most stages of the insurance life cycle is still paper-based, simplifying document generation through automation solutions is a high priority for CIOs. In a new report, Document Automation Solution Vendors for Insurers 2007, Celent examines 11 document automation vendors and solutions.

Recent years have seen a substantial amount of convergence among document automation solutions. Nearly all vendors now offer a WYSIWYG ("What You See Is What You Get") interface for template design, as well as both ad-hoc and batch capability. At an even more detailed level, most vendors build templates from document components, allowing a content author to create text blocks, rules, and logic once and then reuse it across multiple templates.

As service-oriented architecture (SOA) has become a landmark in most insurers' technology road maps, all the profiled document automation vendors have made a major commitment to SOA, either building solutions from the ground up using Java and/or .NET or providing web service wrappers.

Source: Celent
*Skywire Software includes Documaker and IStream.

"Vendors are providing solutions that will allow customers to rethink their entire document production strategy, giving new kinds of users access to the process and extending the life cycle of an electronic document beyond printing," says Jeff Goldberg, Celent senior analyst and co-author of the report. "Future developments in the space will continue to push the boundaries of the concept of a document," he adds.

The report features Celent's ABCD Vendor View, which is a standard representation of a vendor marketplace designed to show the relative positions of each vendor in four categories: Advanced technology, Breadth of functionality, Customer base, and Depth of client services. Unlike a simple "four-quadrant" map, solutions in the upper right are not necessarily the best solutions-there is no one "best" for all cases. Insurers should consider which factors in breadth, technology, experience, and client service are most important to them and use the profiles and comparative tables in this report to generate their own shortlists. Only fully profiled vendors are included in the ABCD Vendor View.

The 59-page report contains eleven in-depth profiles, five figures, and seven tables. A table of contents is available online.

Members of Celent's Life/Health Insurance and Property/Casualty Insurance research services can download the report electronically by clicking on the icon to the left.  Non-members should contact info@celent.com for more information.

 

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies [NYSE: MMC].

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