Power your digital omnichannel strategy with the proven Product Configurator

SymbioSys Product Configurator enables Insurers to quickly configure Life, Annuity, Pension, and Health products with an ability to integrate their front-end tool. It provides flexibility for Insurers or IT solution providers to develop the front-end mobile app or web solution powered with proven Product Configurator to enjoy the best of both worlds. Said service comes with ready-to-use API’s and SDK’s for computing premium/sum assured, generating illustrations, validating the captured data, providing the UI behaviour etc.

SymbioSys Product configurator has configured over 500 base plans and 1000+ riders so far and caters to the need of global insurance markets.

Business Challenges

• Ability to create target segment specific variations within same product
• Ability to have 2 versions of product available for selling, in parallel
• Ease of integrating product engine with home grown digital apps
• Customer engagement tools for mapping life events for informed decision making

Business Drivers

• Ability to launch innovative products in short time
• Support for calculating premium for Standard and risk-based loading
• Availability across diverse digital platforms in connected and disconnected mode

Features

• Unified Product Configurator with availability across diverse digital platforms
• Ready integration layer with API’s (Online) and SDK’s (for offline iOS and Android apps)intuitive UI’s, intelligent validations at source
• Create innovative sales offerings within same product with unique packaging options
• Ease of configuring Riders along with Plan-Rider association rules
• Ability to configure products for Joint life, Supplementary life, multi-lives etc.

Benefits

• Short time to launch innovative products
• Ease of creating product variations for specific partners or customer segment
• Ease of integration with any front-end tool on diverse platforms
• Availability in connected and disconnected mode