Information Technology

Gartner Glossary

Product Configurators

A product configurator is stand-alone software that supports insurance product development activities, including pricing, product modeling and testing. Central components are a workbench, a calculation engine and a graphical user interface. While many policy management solutions have product management capabilities, product configurators are independent solutions that allow them to be used for companies with multiples lines of business or multiple core systems to have an enterprise product repository.

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