Insurance Solutions

Product and Policy Administration

Unisys Flexible Components for Product & Policy Administration offers Tier-1 insurers increased agility by exploiting the clarity of standards-based modeling and the flexibility of J2EE components built for Service Oriented Architecture. The Product and Policy Administration Solution is available for both Life and Non-Life Insurance product lines, and covers all the commonly used processes for product modeling and administration of insurance policies. 

The Unisys Product and Policy Administration solution consists of 3D Blueprint models at the business process layer and system layer and executable code in the form of J2EE components. This can allow insurers to achieve ongoing product and operational flexibility through the use of repeatable business process modeling, linked to flexible insurance product authoring that is not dependent on embedded code.  These models capture your company’s relevant business knowledge — so they don’t become obsolete as technology or business trends shift.

For example, if there’s a change in the business environment — such as a new compliance law — the technology can easily accommodate it. There’s no need to rebuild your system. Your 3D Blueprints let you reuse processes and objects across different types of insurance products and financial services platforms, speeding implementation.

A Scalable Product and Policy

Administration Solution

Built to modern, open standards within a multi-tiered architecture, these components can stand on their own and as a unit that can be plugged into an existing infrastructure. You can adopt the system incrementally, or all at once, and can include best-of-breed components with end-to-end functionality. The components are made up of many reusable business services that communicate using standard languages such as XML, ACORD and Web Services. The Product and Policy Administration solution is scalable, and has multinational capabilities.

Components for Product & Policy Administration offers insurers:

• Greater agility
• A manageable road map for implementing technology today and tomorrow 
• A system-wide view of the customer, financial operations, and operational information and metrics
• A highly scalable system designed to be multinational

Contact Unisys today to learn how we can provide solutions to improve your Product and Policy Administration and begin the transformation.