State of Policy Administration
2025
31 vendors analyzed.
8 market shifts.
The 90-day race is reshaping the industry.
What's Inside
1. What really changed in August 2025
Duck Creek announced 90-day implementations and forced every major vendor to follow within months. Smaller vendors had been doing this for years, but when the big players moved, it reset market expectations. Here's what that means for your next platform decision.
2. Your renewal just got interesting
When vendors offer $250K packages to new MGAs while charging you $800K+, that's leverage. Learn the questions that get them to justify the premium or start negotiating.
3. Real AI vs. marketing slides
Some vendors have agentic underwriting live in production. Others have slide decks. You'll learn which questions separate actual deployments from vaporware—like "show me three production customers using this."
4. Who's getting acquired and why it matters
CEO changes, profitability pivots, market pullbacks—these signal acquisition. Here's what to negotiate now (data portability, exit terms) before your vendor becomes someone's integration project.
5. Why composability is harder than it sounds
Mixing best-of-breed components requires someone to own data models, business logic, and integration management. For most organizations, buying a suite they use 15% of is still more practical.
6. The "coreless" debate as leverage
Even if you never pursue coreless architecture, this industry conversation gets you better APIs, data portability terms, and flexibility in negotiations.
7. When big vendors invaded MGA territory
Joshu and Instanda built reputations on speed. Now they compete against Duck Creek's brand at similar prices. Learn who has real architectural advantages versus who's retrofitting.
8. Why enterprise vendors suddenly need you
Their enterprise pipelines dried up. MGAs became the only growth segment. Understanding this desperation changes how you negotiate—they need your deal more than they're saying.
9. The real cost of GWP pricing
When vendors take 0.5-1% and you keep only a few points after distribution, that adds up fast. Learn what transparent pricing actually looks like and what to push back on.
10. How to use your leverage right now
Multiple vendors deliver in 90-120 days at compressed prices. At renewal, force vendors to justify enterprise pricing against their MGA packages. Here are the specific asks that work.
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About
Finsure is a consulting firm dedicated to delivering clear, unbiased insight into the insurance market, helping organizations cut through complexity and make confident decisions. Building on years of hands-on industry experience, the team created Faroe—a product designed as a natural add-on to existing Policy Admin Systems. While PAS platforms excel at transactions, rating, and compliance, they weren’t built to provide real-time visibility or portfolio intelligence. Faroe fills that gap. It gives MGAs and carriers instant insight into every quote and bound policy, enabling them to monitor appetite, exposure, performance, and data quality across their entire book from day one. Your PAS keeps the lights on. Faroe shows you everything that matters—built by insurance experts who know exactly what the market was missing.