North American life insurers bought more core processing systems in the fourth quarter of 2010 but fewer document management and content management systems.
Insurers in the life, health and annuity category made 41 publicly announced core processing system deals during the latest quarter, up from 22 during the fourth quarter of 2009, according to Celent, Boston.
The core processing deal total was the largest Celent has recorded since at least the first quarter of 2009.
The number of document and management system deals announced fell to 14, from 40, and was the lowest deal count for that category that Celent has recorded since the first quarter of 2009.
The total number of life, health and annuity system deals fell to 90, from 114.
- Allison Bell