Product Operations

There are times when you need to create a draft product, rapidly. While the product is in Draft business status, the form is still editable and you can complete the product creation journey at a later time.

To create a draft product, please follow the next steps:

1. In Innovation Studio, at the top left corner of your screen, click the main menu icon to open the main dropdown list.

2. From this main list, click Insurance Product Factory. A second panel opens, to the left.

3. Next, click Insurance Products to go to the Insurance Products List.

4. On the Insurance Products List page, click Insert, at the top right corner of the page.
5. The Insurance Product form opens. Fill in only the mandatory fields, and you will be able to save the record as a Draft.

6. Click Save and close.

The following are the mandatory fields, that you must fill in before Save and close:

To create a product clone, please see the next section.

Follow the below steps for cloning an insurance product:

1. In Innovation Studio, at the top left corner of your screen, click the main menu icon to open the main dropdown list.

2. From this main list, click Insurance Product Factory. A second panel opens, to the left.

3. Next, click Insurance Products to go to the Insurance Products List page.

4. From the list, select the Insurance Product that you want to clone and double-click it.
5. Once opened, go to the top right corner of the screen, and press the Clone button to launch the cloning.
   Below, an example of the Clone button, next to Business Transactions button:
   
6. Next, the cloning pop-up opens. Use it to fill in a Name and an Insurance Product Code for the new product. After cloning, the product view opens and you can edit it - the product being in Draft status.

Follow the below steps for modifying an insurance product that is in Draft status:

1. In Innovation Studio, at the top left corner of your screen, click the main menu icon to open the main dropdown list.

2. From this main list, click Insurance Product Factory. A second panel opens, to the left.

3. Next, click Insurance Products to go to the Insurance Products List page.

4. From the list, select the Insurance Product that you want to edit and double-click it. Once opened, use the form to edit your product.

Follow the below steps for versioning an insurance product:

1. In Innovation Studio, at the top left corner of your screen, click the main menu icon to open the main dropdown list.

2. From this main list, click Insurance Product Factory. A second panel opens, to the left.

3. Next, click Insurance Products to go to the Insurance Products List page.

4. From the list, select the product that you want to version and double-click it.
5. Once opened, go to the top right corner of the screen, and press the Plus button to launch the versioning process. The product becomes editable.
6. Use the form to make your adjustments.
7. Once finished, use the status picker at the top left corner of the screen to change the status of the newly created version from Version Draft to Approved.
   Below, an example of the status picker:

   

8. After versioning, the product view opens and you can see your adjustments. You can also check the versioning log in the product's History tab.

Follow the below steps to delete an Insurance Product record:

1. In Innovation Studio, at the top left corner of your screen, click the main menu icon to open the main dropdown list.

2. From this main list, click Insurance Product Factory. A second panel opens, to the left.

3. Next, click Insurance Products to go to the Insurance Products List page.

4. From the list, select the product record and click Delete, at the top right corner of the page.

This functionality lets you add product data on a destination environment by using the FintechOSData Import Templates. The most important use case for this functionality is a fast bulk import into the system of numerous new insurance products - with all imported products being registered in Draft status. But this is not the only use case. For more details, consult the Importing Insurance Products page.

Here are the details for importing Product Data by using the available Data Import Templates configured for the Insurance Product Factory solution:

1. In Innovation Studio, at the top left corner of your screen, click the main menu icon to open the main dropdown list.

2. From this main list, click Evolutive Data Core. A second panel opens, to the left.

3. Click Data Import Templates to open the Data Import Templates List page.
4. From the list, select the Data Import Template that you want to update and double-click it. Once opened, scroll down to the List Of Data Imports section, and press Insert to upload your file. After import, you can see the new import added in the list and you also check the versioning log in the product's History tab.

The solution lets you interrogate product data by using API calls. For a specified insurance product, or product item (coverage), you can:

• get the premium calculation amount (price) valid at a certain date.

• get the underwriting decision result valid at a certain date.

• get all its attached tariff and underwriting formulas.

For more details, start from the Insurance Product Factory Endpoints page.

This functionality lets you access the product interrogation history on a destination environment. In Innovation Studio, in the Product Interrogation History section, you have an overview of all the API calls registered in your system.

To view your Product Interrogation records, follow the steps below:

1. In Innovation Studio, at the top left corner of your screen, click the main menu icon to open the main dropdown list.

2. From this main list, click Insurance Product Factory. A second panel opens, to the left.

3. Next, click Product Interrogation History to go to the Product Interrogation History page.

On the Product Interrogation History page:

• To inspect a record from the grid, double-click it.

• To export a record from the grid, select it and press Export, at the top right corner of your screen.

For more details, consult the Product Interrogation History page.