How does Product Factory help insurers develop modular products, or new propositions?

Developing insurance products has changed over the past few years, with a new focus on modular products and propositions. Insurers are now looking for ways to deconstruct and repurpose existing products, to create new, flexible products that suit the changing needs of their customers. Our no-code platform, Product Factory, does just this, using our logic and rules engine, Spark, to automate this process.

In the video below, our Head of Solutions, Daniel Morgan, explains the benefits of Product Factory for insurers who are looking to develop modular products.