The
flexibility of BRICS architecture makes it easy to adapt the
system to suit the needs of any insurance company in response
to the ever-changing market conditions.
The Product Builder is a screen-based tool to define and maintain
the insurance products to be offered to the brokers. The module
allows new products to be defined with different rating parameters,
and is an integrated part of the system and all application
modules refer to the Product Configuration specified here.
Product Builder module within BRICS has three sub modules:
- Screen Builder
- Quote Builder
- Document Builder
A new LOB/Product can be created using the Product Builder
for which data capture screens can be created using Screen Builder
and Quote Builder can then be used to configure the underwriting
rules and rating logic. Once this is done, Document Builder
can be used to create templates for the output documents for
the newly created LOB.
All the product data and validation rules/algorithms are kept
in the Product Builder for each product in consistent versions. |
Globally
