The February 2023 Aite-Novarica Group report provides an overview of the property/casualty policy administration systems market, profiling 42 stand-alone core solutions with details on features, capabilities, client bases, partnerships, and roadmaps. Recent deals are driven by insurtech startups, greenfield implementations, and MGAs prioritizing speed to market through low-code platforms. Traditional carriers continue core modernization, emphasizing data accessibility, self-service configuration, and partner ecosystems. Cloud adoption is now dominant, with most vendors offering SaaS models and true cloud deployment, making cloud deals the vast majority of new contracts.

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