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News from 2009 ACORD LOMA Insurance Systems Forum: Exigen Insurance Solutions Launches Product Factory

Exigen Insurance Solutions launches Product Factory, integrating product development and management into its policy administration solution, at 2009 ACORD LOMA Insurance Systems Forum.

Exigen Insurance Solutions (San Francisco) introduced Product Factory, an enhancement to its PolicyCore policy administration solution that adds built-in, configurable product development and management. Among the ways that Product Factor is able to improve product development and management, according to the vendor, are the following: Products can be defined as components reusable across lines of business and geographies; users can build new products by cloning an existing product; advanced versioning control provides a clear audit trail of a products history; and rules and a tools-based approach makes products easily configurable.

PolicyCore is part of Exigen Suite, Exigen Insurance's new end-to-end suite of modular policy, billing and claims core systems. Exigen Suite also includes Distribution Core, a new core product with functionality such as producer management, producer portal, compensation management and distribution channel management.

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

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