SAP Product, Quotation and Underwriting Management

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SAP Fioneer digital core insurance solutions provide the advanced policy, product, quotation, underwriting, claims, and billing, as well as incentive and commission management functionalities insurers need to improve efficiency, and customer loyalty.

Key Features

Product Configurator:

Provides flexible tools for product agility to industries with service-based products

  • Model the features, data and business rules of a product and deploy them to a runtime environment where they can be accessed by applications
  • Build hierarchies of reusable product objects using assembly, bundling and inheritance to make ongoing product maintenance more efficient
  • Embed Fiori product eApps into your web-based applications that need simplified access to product data
  • Build marketing, sales and service apps that consume product OData services
  • Provides a single central repository for all lines of business
  • Expose business rules via external services

Quotation and Underwriting Management:

Allows customers to manage the full quotation and underwriting lifecycle

  • Capture application data electronically
  • Provide rating via integration to internal and external rating engines
  • Quote management for indicative and full quotes
  • Automated underwriting to support straight-through processing and manual underwriting
  • Run natively on the SAP HANA platform using SAP HANA XS Advanced (XSA) and with exclusive support for the SAP HANA database

Key Benefits

Product Configurator:

  • Improve the agility by reusing and repurposing existing products to design and develop new products, variants and services
  • Reduce product maintenance costs
  • Ensures consistent product data across the value chain and across channels using product services integration

Quotation and Underwriting Management:

  • Speed up the closing cycle with optimized insurance quoting, offering, and application management.
  • Drive underwriting efficiency with an integrated platform for reviewing submissions, assessing risk, recording decisions and making counteroffers.
  • Free up underwriters for high-value work by automating routine, low-risk decisions.