Exigen Insurance Solutions, Inc., a provider of technologysolutions to property/casualty insurers, has announced the releaseof Product Factory, an enhancement to its PolicyCore policyadministration solution that adds built-in and configurable productdevelopment and management. PolicyCore is part of Exigen Suite, asuite of modular policy, billing, and claims core systems thatprovides value and speed to market.
|"Product Factory's building-block design offers completereusability," says Rowshi Pejooh, vice president of productmanagement for Exigen. "All product definitions, includingeligibility, packaging, underwriting rules, forms management, andpricing, may be cloned and configured to create new products. Itgives insurers full control over their product strategy."
|Product Factory improves product development and management bymaking products defined as components that are reusable acrosslines of business and geographies. Users then can build newproducts by cloning an existing product.
|The Exigen Suite also includes DistributionCore, a new coreproduct with functionality such as producer management, producerportal, compensation management, and distribution channelmanagement.
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