Change Engine

The Change Engine empowers users to define new alteration types with less effort and at a faster pace, all within a configurable interface. It enables the addition of new business logic in a composable manner, while leveraging built-in logic.

Currently, our primary focus is on policy mid term adjustments (MTAs). The configurability of the Change Engine, coupled with its policy comparison logic, allows you to achieve the following:

• Create a visual designer to configure supported policy updates and changes;

• Redesign existing MTAs into atomic operations, ensuring simple reusability for newly introduce processes (such as calculating the premium based on the formula engine);

• Controlled and simplified extensibility.

With Change Engine, you can configure the alteration types that you want to make for a contract and choose which type of contract these can be applied to.