Life and Annuity (L&A) Insurance Core Technology Products – Provider Compendium 2025 

North American Life and Annuity (L&A) insurers are under increasing pressure to enhance user experiences, improve operational efficiencies, and future-proof their core systems. Across individual life and group life and benefits lines, carriers are investing in next-generation technology platforms that enable straight-through processing, digital engagement, and modular service integration. Key enablers include cloud-native policy administration systems, AI-driven automation, and highly configurable ecosystems that integrate seamlessly with partners and distribution channels.

This report offers a detailed reference guide to 21 technology providers delivering core administration capabilities for L&A insurers. It examines how platforms support mission-critical functions – from underwriting and policy issuance to servicing, billing, and claims – and evaluates providers across dimensions such as client centricity, agility, regulatory readiness, and innovation maturity. The compendium also provides insights into provider investments, delivery models, and ecosystem alignment. It is intended to support enterprise buyers and IT leaders as they evaluate technology provider options and transformation partners across the L&A insurance value chain.