Sistran Strengths, Domain Expertise, and Key Differentiators
Sistran has been providing software solutions and services for the insurance industry since 1977. Sistran serves more than 150 insurance carriers, from small businesses to large enterprises in the life and property-and-casualty insurance industry.
Sistran’s solutions allow insurers to enhance their operational and financial performance by improving the processes of risk-acceptance and loss-mitigation, enhancing risk selection, automating underwriting, allowing straight through processing, reducing claim cycle time, increasing efficiency, reducing expenses and improving outcomes.
Sistran Recent Developments
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.
The Sistran team is composed of insurance and IT experts and has delivered solutions to insurance carriers in Latin America through more than 150 implementations.
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), customers.
Sistran Overview
Ownership: - x
Number of Employees: 760
Functional Markets: Analytics and BI, Content Management, CRM, ERP Financial, ERP Services and Operations,
Key Verticals: Insurance,
Sistran Key Enterprise and Cloud Applications
SISE (Life, P&C, Surety),
Sistran Revenues, $M:
| Type/Year | 2019 | 2020 | YoY 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:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Sistran Enterprise Applications Revenues By Functional Markets, $M:
Sistran Enterprise Applications Revenues By Verticals, $M:
Sistran Revenues By Region, $M
| Region | % of Total Revenues | 2020 Total Revenues, $M | 2020 Enterprise Applications Revenues, $M | 2020 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
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| 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
Sistran serves over 150 local, regional and multinational carriers in 14 countries. Sistran customers are AIU Caribbean, AIU Latin American, AIU México Seguros Interamericana S.A. de C.V. , Allianz Seguros, American Home Assurance Co., American International Insurance Agency, ANA Cía. de Seguros S. A. de C. V. , Aseguradora Mundial A., Aseguradora Patrimonial S.A. de C.V. , Aseguradora Suiza Salvadoreña S.A. , Bolívar Cía de Seguros del Ecuador S.A., Caja Popular de Ahorros de la Provincia de Tucumán, Caribbean Home Branch, Centro Seguros S.A. , Cervantes S.A. Cía. de Seguros y Reaseguros, Compañía de Seguros de Vida Aurora S.A. , Compañía Mundial de Seguros S.A., ECC Seguros, Gente Seguradora S.A. , Global Seguros S.A. , Internacional de Seguros S.A., La Equitativa del Plata S.A. de Seguros, La Interamericana Cía de Seguros Generales S.A., La Latinoamericana Seguros S.A., La Mercantil Andina Cía Argentina de Seguros SA, La Meridional Cía, Argentina de Seguros S.A. , La Nueva Cooperativa de Seguros Ltda., La Seguridad de Centroamérica Cía de Seguros S.A., La Territorial de Seguros S.A. , MBM Seguros, National Union Fire Insurance Co., National Unity Insurance Co., New Hampshire Insurance Co., Nivel Seguros S.A., Noble Aseguradora de Cobertura Pofesional S.A., Panamericana del Ecuador Cía de Seguros y Reaseguros S.A., Positiva Cía de Seguros, Rocafuerte Seguros S.A. , Seguros Constitución C.A. , Seguros del Estado S.A., Seguros de Occidente S.A., Seguros Sucre S.A. , Seguros Unidos S.A, Signature Insurance Agency, and UNACO Underwriters Adjusters Co.
Sistran Market Opportunities, M&A and Geo Expansions
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 will focus on strengthening the growth of the group in the insurance and IT market in the Americas where sluggish growth is expected among some of Sistran's target countries including Brazil.
Sistran Ecosystem, Partners, Resellers and SI
With offices in throughout Latin America (Argentina, Brazil, Ecuador, Colombia, Panamá, Guatemala, México and Puerto Rico) and service partnerships in place, Sistran is able to serve carriers globally. The company value-added resellers are Satyam & Prevail. It also has a strategic partnerships with Oracle, Microsoft, IBM, and Sybase.
Sistran Cloud Infrastructure Insights
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- 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:
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