Camilion Solutions, a provider of insurance product development solutions and modern property/casualty policy administration systems, now offers insurance product portfolio rationalization workshops for both property/casualty and life/annuity insurance carriers.
The workshop helps insurers identify product component similarities and redundancies; standardize product data and unify previously disparate lines of business; and eliminate duplicate or unprofitable products.
By the end of the workshop, insurers are able to determine which of their products they should continue to sell or maintain and which to discontinue and run off, while examining the pricing, marketing, and distribution of remaining products.
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