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

1063 Sistran

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 is SISE 2.0 released in 2022. SISE functions across various business lines, catering to both operational and administrative domains. Engineered for agility and flexibility, it facilitates the seamless creation of new products for individual and mass sales. The latest version, 3G SISE, offers modular and comprehensive solutions, including workflow, subscription management, decision-making dashboards, income and expense tracking, administrative accounting, regulatory compliance, dynamic reporting, billing and collections, reinsurance, claims processing, and product management..

In 2019, Sistran presents the KS - Kumulus / Securitas algorithm, registered with the INPI and extensively tested, which guarantees to unquestionably identify the best collective pricing for a given situation. It took a few years of hard work and a lot of creativity to innovate and design a mathematical algorithm that would solve the challenge of the combinatorial explosion involving a huge number of possibilities.

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 Overview

Av. Corrientes 1386

Buenos Aires, x, C1043, Argentina

54 11 4373-8011

https://www.sistran.com/


Ownership: - x

Number of Employees: 850

Functional Markets: ERP Financial, ERP Services and Operations,

Key Verticals: Banking and Financial Services, Life Insurance, P&C Insurance, Specialty Insurance,

Sistran Key Enterprise and Cloud Applications

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

Sistran Revenues, $M:

Type/Year20222023YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Sistran Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareS&MSaaSPaaSIaaSOtherTotal
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Sistran Revenues By Region, $M

Region% of Total Revenues2023 Total Revenues, $M2023 Enterprise Applications Revenues, $M2023 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Sistran Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

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 of 2023, SISTRAN unveiled its latest innovation, AVA, a ChatBot platform. AVA, which stands for Virtual Insurance Assistant, serves as a dedicated service channel accessible through WhatsApp, leveraging SISTRAN's extensive expertise in the insurance industry. The platform, developed on the Keego framework, boasts compelling initial features such as generating insurance quotes, initiating pre-claims for potential claims, handling inquiries, and facilitating requests for assistance. As a product of SISTRAN, AVA meets the unique and precise requirements tailored for insurance companies, solidifying its position as a highly competitive solution in the market.

In May 2018, Sistran Informática 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.

In March 2016, SISTRAN partnered with Hyland to offer the Latin American insurance market a complete end-to-end solution to help insurance companies better organize and manage enterprise information.

Sistran Risks and Challenges

Sistran aims to bolster its presence and foster growth within the insurance and IT markets across the Americas. This strategic focus addresses anticipated sluggish growth in specific target countries, notably Brazil, reinforcing the company's commitment to sustained expansion

Sistran Ecosystem, Partners, Resellers and SI

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.

Sistran Cloud Infrastructure Insights

Subscribe to read more about:

  • Sistran Public Cloud and Infrastructure (IaaS)
  • Sistran Platform (PaaS)
  • Sistran Application Delivery
  • Sistran Private Cloud and Data Centers

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:

https://www.appsruntheworld.com/About Us
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ



Buyer Intent: Companies Reading this Research Report
ARTW Buyer Intent uncovers actionable customer signals, identifying software buyers actively reading this research report. Gain ongoing access to real-time prospects and uncover hidden opportunities. Companies Actively accessing this research report include:
  1. Shamlatech Solutions, a India based Professional Services organization with 15 Employees
  2. McKinsey & Company, a United States based Professional Services company with 45000 Employees
  3. DreamVPS, a Israel based Professional Services organization with 20 Employees
LogoCompanyIndustryEmployeesRevenueCountryEvaluated
Shamlatech SolutionsProfessional Services15$1MIndia2024-11-25
SubscribeSubscribeProfessional Services45000$15.0BUnited States2024-07-11
SubscribeSubscribeProfessional Services20$2MIsrael2024-06-24
SubscribeSubscribeProfessional Services20$2MIsrael2024-06-23