Product Configuration
Configure products without hard-coding the rules
Define products, benefits, rating and business rules through configuration rather than embedding them in code. Simfuni gives insurers greater control over how products operate, making it easier to launch, maintain and evolve products as requirements change.
Benefits
Make product change easier to manage
Insurance products evolve over time. Pricing changes, benefits are updated and business rules need to respond to new requirements. Simfuni separates product configuration from the underlying platform, helping insurers make changes without turning every product decision into a software development project.
Respond to change faster
Configure product rules and settings without requiring changes to the underlying platform code, reducing the effort involved in maintaining products over time.
Keep product behaviour consistent
Centralise product, benefit and rating configuration so the same rules are applied consistently wherever they're used across the platform.
Reduce reliance on development teams
Move more product configuration into controlled business settings, allowing technical teams to focus on platform development rather than routine product changes.
Support a growing product portfolio
Configure different products and benefits within the same platform, providing a scalable foundation for new propositions and migrated portfolios.
Key capabilities
Products, benefits and rules configured in one place
Simfuni's configuration engine defines how insurance products behave across the platform, from the benefits available and how premiums are calculated through to the rules that determine how cover operates.
Product and benefit configuration
Define products and their underlying benefits, including cover structures, terms and other product-specific settings.
Eligibility rules
Define the conditions that determine when products and benefits are available and who is eligible for cover.
Fees and loadings
Configure applicable fees, premium loadings and other adjustments that form part of product pricing.
Rating configuration
Configure premium rates and rating factors used to calculate the price of cover.
Benefit rules and limits
Configure benefit-specific settings, limits and other rules that control how cover operates.
Reusable configuration
Use common configuration components across products where appropriate, reducing duplication and helping maintain consistency.
How it works
Configuration that becomes part of the platform
Product configuration isn't held separately from the operational system. The products, benefits, rating and rules configured in Simfuni are used directly by the platform as policies are created, serviced and renewed, keeping product intent connected to operational execution.
Build the product structure
Define the structure of each insurance product and the benefits it contains. Product configuration establishes the available cover, relevant settings and relationships that determine how the product operates within Simfuni.
- Products and benefits
- Cover structures and settings
- Benefit-specific rules and limits
- Reusable configuration components
Configure how premiums are calculated
Rating configuration determines how Simfuni calculates premium for each benefit. Rates, factors, fees and loadings can be configured to reflect the pricing structure of the product and applied consistently wherever premium needs to be calculated.
- Premium rates and rating factors
- Fees and premium loadings
- Benefit-level pricing configuration
- Consistent calculation across the policy lifecycle
Put configuration into operation
Once configured, product rules become part of the day-to-day operation of the platform. Simfuni applies them as policies are created, changed and renewed, ensuring servicing and premium calculations remain aligned with the configured product.
- Configuration applied during policy creation
- Product rules used throughout servicing
- Premium recalculated as policies change
- Configuration carried through renewals