Change the insurance product without rebuilding the systems around it.
Keep product structure, underwriting information, pricing relationships, documents, and published versions in one governed place that your team can operate.
Keep the insurance product legible to the people who own it.
A product is more than a collection of fields. Product Factory keeps its segment, line of business, coverage structure, underwriting requirements, pricing relationships, and supporting documents inside one visible configuration.
- Product structure
- Organize the information and behavior that belong to the product.
- Shared definitions
- Use governed Data Inventory fields instead of recreating meaning inside each product.
- Operational relationships
- Connect the product to pricing, submissions, and documents before publication.
- Segment
- Commercial
- Line of business
- Property
- Product fields
- 48 governed definitions
- Pricing
- Property model 3.4
- Documents
- Quote, binder, policy
- Owner
- Commercial product team
Publish a version that the operation can rely on.
Teams can prepare a new version without changing live business, review it explicitly, and publish it for new submissions when it is ready. Prior versions remain part of the product record.
- Controlled change
- Draft work stays separate from the version currently used by the operation.
- Visible availability
- Published products are the versions available for new submissions.
- Draft
Configure the product without affecting live underwriting.
- Review
Put the proposed version in front of the people accountable for it.
- Published
Make the approved version available for new submissions.
- Archived
Retain the prior record without offering it for new business.
The published product becomes the operating reference.
Product Factory connects the definitions, calculations, underwriting work, and documents that need to agree on which product version is in force.
- Data InventoryBuild the product from shared definitions rather than isolated form fields.
- Pricing FactoryAttach governed rating models and rate tables to the product version.
- Submission WorkbenchMake published products available for new underwriting work.
- Document TemplatesGenerate documents that follow the approved product structure.