Insurance Product Development
There are many ways to increase revenue within an insurance company: Writing new lines of business – Expanding your geographic footprint – Creating new paths to deliver current products.
No matter the approach, our consultants are insurance experts who combine a strong actuarial foundation with a thorough understanding of insurance company operations. Our insurance product development experience includes the entire process, from company formation to regulatory compliance. We partner with your company to help you determine what products to sell, how to sell them, and at what price. We also excel at locating and using relevant external data and documentation to support new products. In short, our product development consulting experts can help your company implement products and pricing designed to fit with your broader business objectives.
Insurance Product Management
If you are focused on the maintenance and enhancement of products already in the marketplace, our product management consultants are ready to help you define your products, goals, and marketplace advantages to meet your business objectives.
We understand insurance language which allows us to work closely with your staff to manage your company’s products. Changes in the marketplace happen quickly, and we use sophisticated technology and statistical models to provide support that includes managing the operational and financial facets of your products. We also have deep experience helping carriers integrate their products with policy management software upgrades and changes.
Our insurance product management experience has equipped us to respond quickly and effectively to opportunities, threats, and regulatory requirements.
- Data Analysis
- Market Analysis
- Planning and Strategy
- Policy Form Creation
- Product Design, Review, and Implementation
- Rate Manual Changes and Updates
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