Sistran Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Sistran Strengths, Domain Expertise, and Key Differentiators

Since its establishment in 1977, Sistran has been a provider of software solutions and services catering to the insurance industry. With a rich history, the company serves over 150 insurance carriers, ranging from small enterprises to large corporations within the life and property-and-casualty insurance sectors.

Sistran's solutions empower insurers to elevate both their operational and financial performance. By optimizing the processes of risk acceptance and loss mitigation, enhancing risk selection, automating underwriting, enabling straight-through processing, minimizing claim cycle time, improving efficiency, lowering expenses, and enhancing overall outcomes, Sistran contributes significantly to the advancement of insurance operations.

Sistran Recent Developments

The latest version, SISE 2.0, serves both operational and administrative functions across various business lines. Designed for flexibility, it enables the seamless creation of products for individual and mass sales. The updated 3G SISE offers comprehensive, modular solutions, including workflow management, subscription tracking, decision dashboards, financial oversight, regulatory compliance, dynamic reporting, billing, collections, reinsurance, claims processing, and product management.

Sistran Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Sistran applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Sistran and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified SISE (Life, P&C, Surety), iConnectance, AVA customers.

Sistran Key Enterprise and Cloud Applications

SISE (Life, P&C, Surety), iConnectance, AVA

Sistran Revenues, $M:

Sistran Revenue Breakdown By Type, $M:

Sistran Enterprise Applications Revenues By Functional Markets, $M:

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Sistran Direct vs Indirect sales

Sistran Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Sistran Customers

No. of Sistran Customers: 155

No. of Sistran Enterprise Applications Customers: 155

No. of Sistran Cloud Customers: x

No. of Sistran Cloud Subscribers: x

Each SISTRAN relationship is uniquely tailored for individual clients, offering personalized insurance solutions and partnerships. Deployments are adapted to specific environments, whether local or hosted, with flexible pricing options, ecosystem integration, and access to expert consulting services.

SISE, SISTRAN's insurance suite, streamlines business operations through automation and rule-based underwriting, drawing from nearly 40 years of industry experience and 150 successful implementations. SISE enables rapid product development, fostering innovation, adaptability, and quick responses. The platform's straight-through processing and integrated workflows ensure cost-effective transactions and high efficiency in policy and endorsement processing.

Sistran Market Opportunities, M&A and Geo Expansions

In November 2023, SISTRAN launched AVA, a Virtual Insurance Assistant ChatBot platform accessible via WhatsApp. Built on the Keego framework, AVA leverages SISTRAN's deep insurance expertise and offers key features such as generating insurance quotes, initiating pre-claims, handling inquiries, and processing assistance requests. Designed specifically for the insurance industry, AVA positions itself as a competitive and tailored solution for insurers.

In May 2018, Sistran Informatica has launched FastPay, a 100% customizable solution that may be integrated with any enterprise resource planning (ERP) platform. FastPay enables claims to be analyzed and managed in a structured and secure manner.

Sistran Risks and Challenges

Sistran faces competitive pressure from larger enterprise software providers and emerging fintech disruptors, which may impact pricing and market share. The rapid pace of technological advancements requires continuous investment in innovation, while economic fluctuations and shifting customer demands could affect business growth and profitability.

Sistran Ecosystem, Partners, Resellers and SI

In April Sistran and Utrace have formed a strategic alliance to deliver an innovative, high-value solution to the auto insurance market. This partnership integrates SISE's core system, with UTRACE’s advanced accident management platform, enhancing claims processing and policyholder experience.

With offices spanning across Latin America, including Argentina, Brazil, Ecuador, Colombia, Panamá, Guatemala, México, and Puerto Rico, along with established service partnerships, Sistran effectively caters to global carriers. The company's value-added resellers are Satyam & Prevail, complemented by strategic partnerships with industry leaders such as Oracle, Microsoft, IBM, and Sybase.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: