tech11 Product Engine
The tech11 Product Engine is a stand-alone (or in Suite) usable Product Engine for Insurers of any size in the P&C area. It covers a product configurator as well as a tariff configurator (Pricing Engine) for any P&C line-of-business for both, individual and commercial insurance products.
- Configure insurance product model (product structure, attributes etc.)
- Configure Single, bundle or bracket products
- Link business transactions to products
- Manage all administrative product data (contract term date, due dates, automated renewal or adjustment periods, payment frequencies etc.)
- Manage validation formulas, rules and error messages
- Export or access product structure as JSON
- Generate corresponding tariff structure via Excel
- Calculate individual tariffs within Excel
- Use Excel as Calculation Core
- Integrate 3rd party calculation cores / pricing engines (optional)
All product and rating engine functionalities are pure configuration. No coding. Intuitive User Interface to design and deploy insurance products or via JSON/REST-API. Great acturial support by providing Excel as basis for any tariff calculation. Onboarding ("How to use") of insurance business people within few days.