Gartner Research

Insurance Product Configurators: Rising Interest and Fragmented Market

Published: 24 September 2010

ID: G00206939

Analyst(s): Kimberly Harris-Ferrante

Summary

Product configurators continue to evolve and gain interest among global property and casualty and life insurers. Insurers should know their role and value within the product development process, and how they complement the existing IT landscape.

Table Of Contents
  • Overview
  • Introduction
  • Clearing Up Confusion Over the Definition of Product Configurators
    • Product Configuration Versus Policy Administration/Management
    • Product Configuration Versus Rating
    • Product Configuration Versus Pricing Optimization
  • Market Summary
  • Vendor Comparisons and Market Distinctions
    • Connectivity to Surrounding Systems
    • Product Content Delivered in the Base System
    • Being Policy System-Neutral
    • Support of Next-Generation Product Development Requirements
    • Alternative Delivery Options
    • Users of the System
    • Ability to Support Life and P&C Products in a Single Instance

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