SaaS P&C Insurance Core Platforms, North America
Declining deal volumes, disparities in R&D strategy, AI use cases and pricing make vendor selection complex for these long-term investments. CIOs can use this research to identify platforms that best align with their goals for innovation, resilience and differentiation.
Market Definition
Software as a service (SaaS) property and casualty (P&C) insurance core platforms enable insurers to support the administration of a range of P&C insurance products. They provide full product life cycle support by offering functionality, applications, services and content in a secure, cloud-based environment, offered as a service using subscription pricing. Theyencompass a single predefined and marketed core solution, either as a suite of pre integrated modules or a single application, supporting policy administration, billing and claims management. They also incorporate additional components to deliver customer, employee or partner experiences; data and analytics; integrations; and access to third-party technology solutions.
SaaS P&C insurance core platforms enable P&C insurance companies to manage and administer the entire life cycle of insurance policies and scope of products. They are mission-critical systems for insurance companies, foundational for digital optimization and enablers for digital transformation.
Depending on the vendor, core and noncore modules can be purchased and implemented separately or as a suite of tightly coupled modules in the cloud. In addition, a core system typically integrates with other information systems, such as general ledgers, CRM, payment gateways, data lakes and third-party data sources, to support the end-to-end operations of the insurer.
Report 2025
Here is a summary of the vendors featured in the Gartner magic quadrant 2025 report.
For the full analysis and detailed insights, you can read the report
here
and view the magic quadrant graphic
here.
| Market Status | Market Vendor |
|---|---|
Leader |
Guidewire (InsuranceSuite) |
Leader |
Majesco (P&C Intelligent Core Suite) |
Leader |
Duck Creek Technologies |
Visionary |
Salesforce |
Niche Player |
Socotra |
Niche Player |
OneShield Market Solutions (OMS) |
Niche Player |
Sapiens |
Niche Player |
Insuresoft |
Niche Player |
OneShield (Enterprise) |
Niche Player |
Majesco (P&C CoreConnect) |
Niche Player |
DXC Technology |
Challenger |
Guidewire (InsuranceNow) |
Challenger |
Origami Risk |
Challenger |
BriteCore |
Report 2024
Here is a summary of the vendors featured in the Gartner magic quadrant 2024 report.
For the full analysis and detailed insights, you can read the report
here
and view the magic quadrant graphic
here.
| Market Status | Market Vendor |
|---|---|
Leader |
Guidewire (InsuranceSuite) |
Leader |
Duck Creek Technologies |
Leader |
Majesco (P&C Intelligent Core Suite) |
Visionary |
Salesforce |
Niche Player |
Origami Risk |
Niche Player |
Sapiens |
Niche Player |
Insuresoft |
Niche Player |
OneShield (OMS) |
Niche Player |
OneShield (Enterprise) |
Niche Player |
DXC Technology |
Niche Player |
Majesco (P&C CoreConnect) |
Challenger |
Guidewire (InsuranceNow) |
Challenger |
BriteCore |
Challenger |
Socotra |