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tech11 Product Engine

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Overview

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.

Key Features

- 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)

Key Benefits

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.

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