Products can be deployed for multiple companies, lines of business, risks and states.

Insurance Product Designer key features include:
	Reduced timeframe for development and launch of new products. Easy maintenance and versioning of products and existing books of business. Reuse of product definitions and decision flows across multiple lines of business.

The Insurance Product Designer includes a Business Rule Engine, a Rating Engine and Scripts to create dynamic forms.

Scripts:

Creates dynamic forms according to the specific information required for rating each product. Provides you with a simple but effective way to extend the use of the system without codification.

Integrated to the Rule Engine, allows you to apply the business rules and decisions as the information is entered by the user in the different systems.

Business Rule Engine:

This component administrates the business logic along the system. No codification is required.

User friendly rules interface allows you to enter the rule in a standard format of condition-action or through decision tables.

User defines actions to be executed according preset conditions and links information and components from the rating engine in order to perform product rating when accessed from the Quotation, Issue and In Force Administration systems.

User messages and service messages to be used for integration can be defined as well.

Rating Engine:

The Rating Engine allows you to create multi-risk packages or single risk packages. For each of them supports different sets of coverage packages or adding coverages at your convenience.

This component manages all rates, formulas and algorithms required to support insurance product rating for all lines of business. Commercial, technical and financial conditions of the products are defined in the rating engine.

In combination with the Rule Engine executes the business logic that allows you to come up with the exact rating for the product.