In a report that analyses the global insurance software market and is used by insurers to decide where to invest in technology, Cleva Life was selected as a reference solution.
Celent, a global research and advisory firm specialising in the insurance and financial services sectors, recently published its 2025 Policy Administration System: Life Insurance; EMEA Edition . In this report, Cleva Life was recognised as a Functionality Standout, highlighting the platform’s ability to meet the evolving needs of life insurers across the EMEA region.
Cleva has developed strong life and pension capabilities across Europe and North Africa. We have observed the company’s investment in AI to improve operational efficiency, streamline workflows, enhance data accuracy, and strengthen customer management,” said Karun Arathil, Senior Analyst at Celent. “Insurers may wish to include Cleva in their evaluation – particularly those seeking a life and pension platform that supports both individual and group business lines
What Celent Identified in Cleva Life
The analysts highlighted several strengths that set the solution apart:
This recognition as a Functionality Standout reinforces Cleva Life’s position as a robust, configurable, and forward-looking platform, designed to support insurers operating in demanding and highly regulated markets.
The Road Ahead
Celent also highlights Cleva’s future trajectory: technology modernisation in line with the latest standards, transition to a SaaS model, and further development of AI capabilities across the platform. These are areas under active development, with a defined roadmap, reinforcing the confidence of those investing in a solution designed not only for the present, but also for the years ahead.
The Pan-European Personal Pension Product (PEPP) in Portugal Act No.1/2025, published on the 6th of January 2025, complies with Regulation (EU) 2019/1238, which establishes the Pan-European Personal Pension Product (PEPP), a pension savings scheme available across the European Union. The main goal of this product is to offer European citizens a complementary alternative to national pension systems, promoting portability, transparency and consumer protection.
In a time in which adaptability and efficiency are crucial for the success of the companies, the insurance industry faces its own challenge with the need to update its core systems to remain competitive.
In a rapidly changing world, technology is an unavoidable means in any sector of activity, but it is never an end. When technology does not evolve to keep up with the change in the business context, particularly in the insurance industry, time may dictate that it becomes an end, due to the criticality that operational risks, not addressed at the right time, may represent.
Cleva is committed to the development of core solutions that boost the digital transformation of the insurance industry through a comprehensive and integrated platform with a complete functional range from managing policies to risk assessment and customer service.