Insurance Frameworks

Ensure products are sold and serviced correctly

The Pegasystems Product Configuration Solution Framework™ provides best practices for creating and maintaining product-configuration information that is critical to the success of product-intensive BPM applications such as account opening, product/service ordering, quote generation, contract generation, product fulfillment, and service delivery. By implementing product-intensive applications with Pegasystems SmartBPM®, organizations can realize unprecedented agility in their ability to maintain their existing products and in bringing new products to market.  Meanwhile, advanced business rules that ensure even the most complex products are sold and serviced correctly across a wide range of channels and applications.

Benefits

• Faster time to market — Enables organizations to add new product configurations and see these configurations available in production applications in real time. By enabling easy re-use of product components, it enables organizations to build product-intensive applications more quickly and to maintain them more easily. 
• Greater control — Gives organizations better control over product-specific rules, abstracting them from the individual business processes into a common product-configuration repository

Features

• Flexible product definition — Provides a data structure for defining products with four classes of object: product group, product, component, and feature.  All components and products are reusable and can be included in any number of products without constraint.
• Purpose-built product-configuration rule forms
  • Easily define configuration rules for product groups, components, and features
  • Organize and reuse references to other product objects as well as display, validation, eligibility, pricing, tax, and commission rules
• Product Explorer — Administrative tool provides fast access, allowing users to browse products in tree format and see relationships between reusable components.