Insurance Product Administration Pricing

Craft reusable coverage specifications and associate with multiple products. Override defaults and available options by product.

Define coverage terms for limits, co-pays, deductibles, and any other coverage attribute. Specific data types and values.

Manage “power attributes” to define scope and duration of terms at the time of a claim.

Map attributes to rating inputs and outputs.

Create and manage insurance products. Categorize by type, sub-type, target segment, and more.

Set up reusable product classes with inheritance of coverages, insured items, and rules.

Manage effective dates and activation statuses of products.

Link products to carriers. Limit to specific jurisdictions.

Define product eligibility rules based on any attribute.

Create reusable rating inputs for attributes not associated with insured items or coverages.

Set commissions as flat rates, fixed amounts, rate lookups, calculation procedures, or integration procedures. Manage effective dates of schedules.

Create reusable insurable specifications for people, property, businesses, and more. Associate with multiple products.

Create flexible item attributes and organize by attribute category.

Define hierarchies of parent-child specifications.

Map attributes to rating inputs and outputs.

Link insured parties to Salesforce accounts and contacts.

Define rules for optional coverages, including eligibility, default inclusion, and validation messages.

Define rules for optional coverages, including eligibility, default inclusion, and validation messages.

Dynamically hide available terms and values.

Dynamically display configuration messages, including errors and recommendations.

Leverage prebuilt Lightning Web Components for coverage configuration.

Create multistep rating algorithms with a type-ahead expression builder, conditional steps, and instant linking of rate tables.

Leverage dozens of predefined functions, including robust date manipulation and logical operators.

Upload rating tables from CSV data, via API or manual input. Set data types, inputs, and outputs.

Manage versions of calcs and tables with effective dating and prioritization.

Simulate rating with sample data and step-by-step debugging.

Define workflow steps for any object, including quotes, policies, contracts, and claims.

Define permitted state transitions, including exceptions.

Associate rules with state transitions by object, product class, and product.

Create rules with a type-ahead expression builder, with ample prebuilt functions, using product attributes and object fields.

Specify actions on rule evaluation to drive integration, notifications, data logging, and more.

Design Multistep Quote, Policy, and Claim experiences — all completely brandable, mobile-ready, and code-free.

Build graphical data presentations on any data source without code. Dynamic change presentation based on data states.

Get started with omni-channel policyholder experiences with preconfigured, mobile-ready components.

Get started with omni-channel broker experiences with preconfigured Agent Portal and guided flows.

Post and query data from Salesforce objects and transform from JSON or XML formats — all without code.

Integrate with external services and automation transactions — all without code.

Move product, rating, and other metadata between orgs and into production, with GUI or CLI tooling.

Provide CRM functionality and support for financial services firms.

Get started with Salesforce Quoting based on the products created in the Insurance Policy Administration module.

Get started with Salesforce with claims functionalities based on the products created in the Claims Management module.