Empower your business experts.
Visual Product Modeling System® (VP/MS) is a self-documenting portable rules and calculation engine designed to be used by a business expert in any insurance sector.
VP/MS drastically reduces time to market, as well as application development and maintenance time, by enabling the same calculations and rules to be ported to virtually any platform. With VP/MS, business experts can easily create calculations and rules for new business, administration and peripheral systems as well as Internet quotes and illustrations.
Develop New Products Rapidly
With VP/MS, rule and calculation modeling is put into the hands of business experts who know your business. The expert has the freedom to create, maintain and share product definitions, rules and calculations across system components and platforms, including the Internet.
You can support the development of rules and calculations by using standard calculations, drag-and-drop definition, table and/or formula-based rating, pre-defined components, user-defined reusable logic functions, built-in testing tools and self-documented report of the models.
Simplify Calculations and Rules
VP/MS can be used to define rules or calculations graphically. Business experts graphically create business rules, logic and calculations as components and models. These may be reused and included in other models to increase efficiency in design and implementation. VP/MS offers you the flexibility to have business users define your business rules and calculations. Some examples include:
- Surrender charges
- Target premiums
- DEFRA and TAMRA calculations
- Dynamic calculations of traditional cash values and dividends
- Full product calculations
- Administration rules
- Claims rules
- Enrollment rules
- Underwriting rules
- New business rules
- Billing rules
Accelerate Development and Testing
VP/MS Workbench simplifies testing by allowing individual product components to be tested interactively at any time. VP/MS archives these internal tests and can run them as required, relieving the developer of tedious and time-consuming data entry in the testing phase. This further reduces the elapsed time between product definition and market readiness.
Easily Integrate with Other Systems
VP/MS is a powerful solution that may be integrated with existing technologies or used as a standalone system. VP/MS is integrated into CSC systems such as nbAccelerator, CyberLife and VANTAGE-ONE. You can also use VP/MS as your suitability engine and as an illustration starter kit.