The Client, is a leading insurance company providing insurance to Educators, Nurses, Firefighters and Peace Officers.
The Client was undertaking a transformation of its IT systems to better align with the needs of its agents, affinity partners and insureds.
To align with this vision, the CIO embarked on an end-to-end system replacement program with SOA as a foundation to enable the Carrier implement new solutions and strategies in a faster, simpler and more cost-effective manner.
Product definitions, rules, rating logic existed in Product and Rating Manuals at this Carrier. This posed time and cost challenges to effect changes.
The client sought to establish a central Product repository.
The client also sought to establish a central Rating Engine which could accurately and consistently automate Rating for multiple Products, across multiple Product Lines and Transactions.
ValueMomentum configured and implemented the iFoundry Solution for Rating and Product Configuration. This solution supported: