Configure The Insurance Product Factory

The Insurance Product Factory makes it easy for you to create, deploy and maintain insurance products, and product sub-components. The products that you develop can transition between different business statuses, like Draft, Approved, Closed, or they can be updated to a new version, they can be the subject of special offers, or they can be part of recurring offers. For all these cases and more, use Insurance Product Factory to be on track with accurately recording said changes, control product behavior, and efficiently organize the updated information.

Lean how to define the following components to be used when creating your insurance product:

• Insurance Lines Of Businesses - details about creating and maintaining LOB classifications;

• Insurance Products - general details about insurance products;

• Perils And Conditions - details about how to create and configure perils, conditions, or both;

• Insurance Types - details about how to create and configure types;

• Insured Object Types - details about how to create and configure object types;

• Product Interrogation History - details about how to access the API interrogation history of a product;

• Business Formulas - details about how to define your insurance formulas for your products.