Product Configurator
Insurance product configuration drives your entire life-cycle transaction. The STEP Solutions Product Configurator is a user-friendly interface that enables product configuration by specific business user.
The System’s easy to navigate interface offers users a complete product definition and configuration of product parameters:
- Plans, benefits, coverage levels, state variations, premium rates
- Underwriting risk classes, guidelines, requirements
- E-Apps, forms, disclosures
- e-Signature requirements
- Correspondence
- Policy accounts
- Policy provisions
- Workflow
Product configuration for processing and life-cycle management includes:
- Knock out / classification rules
- Risk assessment and decisioning rules
- Policy administration rules
- Calculations / financial management rules
- Settlement rules