«Craig Beattie January, 2014 This authorised reprint contains material excerpted from a recent Celent report profiling and evaluating 52 different ...»
For a European Insurance Holding Company the initial licence and maintenance fee is typically €500,000 to €1 million. Total insurer expenses (excluding the licence) are also typically €500,000 to €1 million. The participation of insurer staff on the implementation team is ten FTEs for the first year.
The continuing maintenance/support fee is 20% of the licence fee in all scenarios.
Copyright Notice Prepared by Celent, a division of Oliver Wyman, Inc.
Copyright © 2013 Celent, a division of Oliver Wyman, Inc. All rights reserved. This report may not be reproduced, copied or redistributed, in whole or in part, in any form or by any means, without the written permission of Celent, a division of Oliver Wyman (“Celent”) and Celent accepts no liability whatsoever for the actions of third parties in this respect.
Celent is the sole copyright owner of this report, and any use of this report by any third party is strictly prohibited without a licence expressly granted by Celent. This report is not intended for general circulation, nor is it to be used, reproduced, copied, quoted or distributed by third parties for any purpose other than those that may be set forth herein without the prior written permission of Celent. Neither all nor any part of the contents of this report, or any opinions expressed herein, shall be disseminated to the public through advertising media, public relations, news media, sales media, mail, direct transmittal, or any other public means of communications, without the prior written consent of Celent.
Any violation of Celent’s rights in this report will be enforced to the fullest extent of the law, including the pursuit of monetary damages and injunctive relief in the event of any breach of the foregoing restrictions.
This report is not a substitute for tailored professional advice on how a specific financial institution should execute its strategy. This report is not investment advice and should not be relied on for such advice or as a substitute for consultation with professional accountants, tax, legal or financial advisers. Celent has made every effort to use reliable, up-to-date and comprehensive information and analysis, but all information is provided without warranty of any kind, express or implied. Information furnished by others, upon which all or portions of this report are based, is believed to be reliable but has not been verified, and no warranty is given as to the accuracy of such information. Public information and industry and statistical data, are from sources we deem to be reliable;
however, we make no representation as to the accuracy or completeness of such information and have accepted the information without further verification.
Celent disclaims any responsibility to update the information or conclusions in this report.
Celent accepts no liability for any loss arising from any action taken or refrained from as a result of information contained in this report or any reports or sources of information referred to herein, or for any consequential, special or similar damages even if advised of the possibility of such damages.
There are no third party beneficiaries with respect to this report, and we accept no liability to any third party. The opinions expressed herein are valid only for the purpose stated herein and as of the date of this report.
No responsibility is taken for changes in market conditions or laws or regulations and no obligation is assumed to revise this report to reflect changes, events or conditions, which occur subsequent to the date hereof.
For more information please contact firstname.lastname@example.org or: