Exigen Insurance Solutions, a global provider of core solutions to insurers, announces the introduction of an International Business Insurance product designed to give insurers operating in global markets greater product flexibility and agility.
Exigen customers can select and deliver the business insurance coverages they wish to offer in any one country from a comprehensive global set of 85 coverages for over 600 occupation types. The product is available with PolicyCore, a component of the Exigen Suite of core processing systems for policy administration, billing, and claims management.
The product was built within PolicyCore's product management tool, Product Factory, which allows insurers to streamline product development and management to meet channel demands and to respond to market changes for existing products. The new product was designed in collaboration with experienced commercial lines insurance managers operating in multiple regions worldwide. Their input enabled the capture of a detailed set of product attributes and logic associated with coverages offered in Asia, Oceania, Latin America, the Middle East andEurope.
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