Product Configuration
Product configuration for life insurers
Simfuni lets life insurers configure product rules, benefits, rating and ledger mapping within the platform, so products can be launched and adapted without hard-coding every change.
Benefits
Launch and adapt products with less technical effort
Launch products faster
Configure product rules, benefits, rating and fees without waiting for every change to be hard-coded into a release.
Adapt to change more easily
Update product behaviour as regulations, market needs or internal rules change, while keeping the product definition controlled.
Reduce technical dependency
Give teams a configurable product layer for rules, benefits and mappings, reducing reliance on manual workarounds or spreadsheet-based logic.
Keep operations aligned
Apply the same product definition across quoting, issuing, billing, renewals, claims and finance, so downstream processes stay consistent.
Key capabilities
Configure the product, not the code
Policies are issued against configurable products that hold the rules, the benefits and the rating. Change the product and the behaviour follows, so you can adapt and launch without waiting on a release.
Product rules configuration
Hold the logic for a product in one place, so quoting, issuing and servicing all follow the same rules.
Benefit-level configuration
Define benefits and riders, including eligibility, stand-downs and the documents a claim will require.
Premium rating rules
Set the rating that drives premiums, including rate type and CPI indexing at renewal.
Workflow rules
Configure how product changes move through servicing, renewal, underwriting and claims workflows.
General ledger mapping
Map each transaction type to its debit and credit accounts, so finance stays accurate as products change.
How it works
Launch products faster and adapt to change
Configure once, then carry the rules through the lifecycle
Quoting, issuing, billing, renewals and claims all read from the same product configuration. Change a rate, a fee or a benefit rule once, and every part of the lifecycle follows it, with general ledger mapping keeping finance correct throughout.
- Rules, benefits and rating in a single definition
- CPI indexing and rating applied automatically at renewal
- Fees defined once and shown across the lifecycle
- Finance mapping built in, so the ledger stays aligned as products change
