Product Studio

Policy creation has never been this easy or quick. With Product Studio™, users can build, define, dynamically validate, and deploy various insurance product models and policy types. Insurers can customize coverage details to meet customers’ demands while staying compliant with regulations.

The different configuration options in Product Studio allow you to:

• Define and update product data models, product lifecycle, and rules
• Create and update reusable product components and attributes
• Manage product versions, implementation processes, and deployment stages
• Have a product component and rules repository

Lifecycle Management

Reduce manual work in each phase of the policy lifecycle with Lifecycle Management: quoting, underwriting, and any re-rating or re-underwriting needed during renewal. This part of PolicyCore also tracks transactions, quotes, and any other changes across policy lifespans.

Rater

Calculate appropriate premiums, competitively price products, and accurately assess risk with Rater. Powered by the OpenL Tablets rules engine, Rater allows insurers to adjust business logic to meet their unique needs and keep up with market shifts.

Data and Analytics

Ensure all policy operations are data-driven with our data structuring, formatting, and analytics. Cultivating raw data from all relevant sources, this solution — alongside easy-to-use dashboards and reports — enables near-immediate insights, driving better decision-making and supporting more effective policy creation and management.

Census & Enrollment Intake

Benefits, health, and life and annuity insurers can gain even more from PolicyCore with this market-specific feature.

For automated, digital enrollment and census tracking, this specialized solution takes care of the full process from start to finish. It manages the connection with your enrollment technology partner, validates data, maps it to a supported format, stages it, and passes it to PolicyCore for processing.

Cash & Investments

Our robust cash management & investments solution helps you manage everything involved with managing and investing cash related to all the different types of insurance policies.

This handles everything: premium payments, different investment types and models, dividends, withdrawals, billing integrations, taxes and fees integrations, interest and return calculations, and so much more.