The Pegasystems Product Configuration Solution Framework™ provides best practices for creating and maintaining product-configuration information that is critical to the carrier's success.
Organizations can enjoy unprecedented agility in their ability to quickly bring new products to market:
Enables organizations to add new product configurations and see these configurations available in production applications in real time. Allows re-use of product components, enables organizations to build products quickly and to maintain them more easily.
Gives organizations better control over product-specific rules, abstracting them from the individual business processes into a common product-configuration repository.
Provides a data structure for defining products with four classes of object: product group, product, component, and feature. All components and products are reusable and can be included in any number of products without constraint.
Purpose-built product-configuration rule forms allow actuaries to easily define configuration rules for product groups, components, and features.
Organize and reuse references to other product objects as well as displaying validation, eligibility, pricing, tax and commission rules.
Product Explorer provides fast access, allowing users to browse products in tree format and see relationships between reusable components.