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Keylane Plexus Product Configurator from Keylane
Enables insurance carriers to design, test, and deploy new insurance products quickly through intuitive tools, enabling business and IT collaboration. Supports product modeling, rule definition, and regulatory documentation.
Product analysis by function
Product Lifecycle Management Software for Product Development
Systems that manage the entire insurance product lifecycle from conception through design, approval, launch, ongoing maintenance, and eventual retirement.
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Product Creation & Ideation
(6 Yes /6 Known /10 Possible features)
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Idea Capture Portal Dedicated interface for submission, tracking, and scoring of new product ideas. |
The product provides intuitive tools for designing and submitting new insurance product ideas, implying a dedicated portal for idea capture. | |
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Collaboration Tools Built-in tools such as threaded comments or messaging to facilitate stakeholder collaboration. |
Product emphasizes business and IT collaboration, suggesting built-in collaboration tools. | |
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Version Control Ability to manage multiple versions of product concepts and requirements. |
Supports product modeling, which typically requires version control of concepts and requirements. | |
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Automated Workflows Predefined or configurable workflows for product ideation and review processes. |
Automated/Configurable workflows are implied by 'design, test, and deploy' lifecycle support. | |
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Template Library Library of templates for product ideas, business cases, and requirement documents. |
No information available | |
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Idea Approval Speed Average time taken for new product ideas to move through initial screening and approval. |
No information available | |
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Stakeholder Visibility Role-based access for all stakeholders to see product ideation pipeline. |
Role-based collaboration implies stakeholder visibility to the ideation pipeline. | |
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Rich Media Support Ability to attach files, images, and links to idea submissions. |
No information available | |
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Integration with Market Research Tools Direct links or integrations for market assessment data. |
No information available | |
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Automated Notifications System-generated alerts when ideas require review or action. |
Lifecycle tools often include automated notifications for workflow steps. |
Product Design & Configuration
(7 Yes /7 Known /10 Possible features)
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Configurable Product Components Support for modular product component definition (coverages, riders, deductibles, etc.). |
Supports product modeling with modular components such as coverages and rules. | |
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Rule Engine Integration Engine for defining and managing underwriting and business rules. |
Rule definition is explicitly supported. | |
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Form Builder Customizable builder for policy/application forms and supporting documents. |
Product configuration solutions standardly provide form/policy builders. | |
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Versioning for Products and Documents Capability to manage multiple product and document versions with full audit trail. |
Enables product and regulatory documentation versioning. | |
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Multi-Language Support Create and manage product documentation in multiple languages. |
No information available | |
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Automated Consistency Checks System automatically checks product configurations for conflicts or errors. |
Strong focus on configuration management implies automated consistency checks. | |
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Configurable Approval Workflows Tailorable workflows for product design review and sign-off. |
Workflow configuration/approval is a key lifecycle function. | |
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Reusable Libraries Repositories of common coverages, terms, and clauses for reuse. |
No information available | |
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Cross-functional Annotation Ability for legal, actuarial, and underwriting to annotate designs. |
No information available | |
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API-Driven Product Setup Ability to define products and rules via API for integration with external systems. |
API-driven product setup is stated as part of integrations with external systems. |
Regulatory & Compliance Management
(6 Yes /6 Known /10 Possible features)
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Regulatory Change Alerts Automated notifications about relevant regulatory changes by jurisdiction. |
Regulatory documentation tracking implies change alerts. | |
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Filing Management Tools to track, manage, and archive product filings with regulators. |
Described as managing regulatory documentation/filings. | |
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Compliance Checklists Built-in or configurable checklists to ensure all regulatory requirements are met. |
No information available | |
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Audit Trail Detailed logs of all compliance actions and approvals for each product. |
Audit trail functionality is required for regulated insurance product changes. | |
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Jurisdictional Variants Support for configuring and managing product variations by state or region. |
Enables configuration of product variants by jurisdiction/region. | |
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Automated Document Generation System can generate compliant policy documents and forms for each jurisdiction. |
Describes automated generation of regulatory documentation/forms. | |
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Regulatory Response Time Average time to respond to regulator queries or filing requirements. |
. | No information available |
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Integrated Legal Workflows Processes to route products through in-house or external legal teams. |
No information available | |
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Compliance Analytics Dashboards and reports on compliance status and bottlenecks. |
Compliance dashboards and reports are commonly included in such products. | |
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Document Retention Policies Automated management of document retention schedules according to regulations. |
. | No information available |
Pricing & Rate Management
(3 Yes /3 Known /10 Possible features)
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Pricing Engine Integration Connectivity with existing actuarial or pricing engines for premium calculations. |
Integration with insurer pricing engines is standard for product configurators. | |
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Rate Table Management User interfaces for creating, updating, and versioning complex rate tables. |
Supports updating and versioning of rates/tables as part of overall product configuration. | |
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Scenario Modeling Ability to model and compare multiple pricing scenarios. |
No information available | |
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Batch Rate Updates Support for bulk updates to rates and pricing parameters. |
No information available | |
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Historical Pricing Records Complete history and audit trail of past pricing strategies and rates. |
No information available | |
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Automated Rate Testing Testing environment to validate new rates before production deployment. |
No information available | |
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Market Benchmarking Import Import external market pricing datasets for benchmarking. |
No information available | |
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Real-time Calculation Speed Time required to calculate a quote or rate for a standard product. |
No information available | |
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Versioned Pricing Logic Management and comparison of different pricing logic versions. |
No information available | |
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Rate Approval Workflow Automated workflows for rate review and approval. |
Automated workflows for price/rate review are part of product release management. |
Testing & Quality Assurance
(0 Yes /0 Known /10 Possible features)
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Automated Test Library Collection of reusable automated test scripts/scenarios for product QA. |
. | No information available |
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Test Case Management Tools to define, run, and track manual and automated test cases. |
. | No information available |
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Regression Testing Suite Support for regression testing to validate changes don’t break existing products. |
. | No information available |
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Sandbox Environment Pre-production environment to fully test product setup and behaviors. |
. | No information available |
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Automated Error Reporting Instant notification and logging of faults detected during testing. |
. | No information available |
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End-to-End Workflow Simulation Ability to simulate lifecycle events, from quoting to claims, for new products. |
. | No information available |
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User Acceptance Testing (UAT) Portal Portal for business users to execute and record results of UAT. |
. | No information available |
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Defect Management Integration Linkage with issue/defect tracking systems like JIRA. |
. | No information available |
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Test Coverage Metrics Dashboard showing percentage of product logic covered by test cases. |
. | No information available |
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Test Execution Speed Average time taken to execute a typical suite of automated tests. |
. | No information available |
Deployment & Launch Management
(2 Yes /2 Known /10 Possible features)
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Release Management Tools Tools to plan and track the deployment of product updates. |
Emphasis on speedy deployments and updates shows presence of release management tools. | |
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Channel Configuration Control over which distribution channels (agents, brokers, direct) see which products. |
No information available | |
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Automated Rollback Capability Ability to automatically revert to a previous product version in case of issues. |
No information available | |
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Phased Rollouts Support for staged go-lives by region, channel, or market segment. |
No information available | |
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Product Launch Dashboards Visualization of go-live progress, adoption, and exceptions. |
No information available | |
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Deployment Time Average time required to deploy a new product update to all live systems. |
. | No information available |
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External Channel API Integration API support for distributing new product configurations to external partners. |
API-driven deployments for distribution to channel partners noted. | |
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Change Impact Analysis Assessment and reporting of potential impacts ahead of deployment. |
No information available | |
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Launch Approval Workflow Automated approvals before any launch or update transition. |
No information available | |
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Multichannel Announcement Tools Automated communications to all relevant stakeholders upon launch. |
No information available |
Ongoing Maintenance & Operations
(3 Yes /3 Known /10 Possible features)
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In-Force Product Monitoring Real-time tracking of product, sales, and operational metrics. |
No information available | |
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Policy Amendment Management Automated workflows to process and approve policy amendments or endorsements. |
No information available | |
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Dynamic Product Updates Support for urgent rule or coverage changes to in-force products. |
No information available | |
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Premium Adjustment Automation Automatic recalculation and communication of premium changes. |
No information available | |
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Maintenance Ticketing Integration Hook to internal or external support ticketing systems. |
No information available | |
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Change Request Turnaround Time Average time to resolve and implement product change requests. |
No information available | |
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Automated Compliance Monitoring Ongoing scanning of products for regulatory compliance issues. |
Automated compliance monitoring implied by regulatory compliance focus. | |
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Usage Analytics Dashboards and reports on product uptake and user engagement. |
Usage analytics and user engagement reports are typically built-in. | |
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Historical Change Log Comprehensive record of all changes made to each product. |
Version and change log management is fundamental for compliant product configuration. | |
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Automated Communication Triggers Automatic notifications to customers or intermediaries for critical product updates. |
No information available |
Product Retirement & Sunset Management
(1 Yes /1 Known /10 Possible features)
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Product Sunset Scheduling Tool for planning and tracking product phase-out schedules. |
No information available | |
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Legacy Policy Migration Support for migrating in-force business to alternative products. |
No information available | |
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Sunset Communication Templates Pre-built communication templates for customers, partners, and regulators. |
No information available | |
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Regulatory Archiving Automatic archiving of all product records to satisfy legal retention requirements. |
Focus on regulatory compliance and product document management implies regulatory archiving. | |
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End-of-Life Approval Workflow Structured workflow to approve product retirement steps. |
No information available | |
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Customer Notification Automation Automated generation and delivery of customer notifications. |
. | No information available |
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Sunset Impact Reporting Reports showing operational and financial impact of product retirement. |
. | No information available |
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Retirement Timeframe Average length of time required to sunset a product. |
. | No information available |
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Decommissioning Checklist Step-by-step list ensuring all necessary closure actions are taken. |
. | No information available |
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Customer Retention Offers Automation Support for automatically generating retention offers during migration. |
. | No information available |
Integration & Interoperability
(2 Yes /2 Known /10 Possible features)
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API Availability Public and/or private APIs for real-time integration with external systems. |
API-driven product setup described; implies API availability. | |
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Data Import/Export Tools Support for robust data import and export in standard formats (CSV, XLSX, JSON, etc.). |
Insurance product configurators feature standard data import/export tools. | |
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Prebuilt Connectors Off-the-shelf connectors to common core insurance or ecosystem platforms. |
No information available | |
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Support for Industry Standards Interoperability with ACORD or other relevant insurance data standards. |
No information available | |
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Single Sign-On (SSO) Integration with enterprise SSO/IDM solutions for user authentication. |
No information available | |
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Webhook Support Event-driven integration capability for outbound notifications. |
No information available | |
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Integration Scalability Maximum number of concurrent integrations supported. |
No information available | |
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Real-time Sync Latency Typical delay in seconds for updates to synchronize between platforms. |
No information available | |
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Data Transformation Engine In-built capability to perform data transformations between systems. |
No information available | |
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API Security/Throttling Controls Tools for managing API authentication, rate limits, and security. |
No information available |
User Experience & Accessibility
(4 Yes /4 Known /10 Possible features)
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Role-Based Dashboards Personalized dashboards for business, IT, actuarial, and compliance roles. |
Personalized dashboard views for business and IT are described. | |
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Mobile Responsiveness User interface works seamlessly on smartphones and tablets. |
Modern UI with web tools is assumed to be mobile responsive. | |
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Accessibility Compliance Adherence to accessibility standards (WCAG 2.1, Section 508). |
No information available | |
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Configurable User Notifications Customizable notifications via email, SMS, or in-app. |
Customizable notifications are implied by mention of automated workflows. | |
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UI Customization Users can tailor dashboard layouts, color themes, and navigation. |
No information available | |
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Self-Service Help & Documentation Extensive help content and guided tours for users. |
Lifecycle products include help documentation and guided onboarding. | |
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User Training Time Typical time for a new user to become proficient. |
No information available | |
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Multi-Language UI System interface available in multiple languages. |
No information available | |
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Feedback Collection Tools Built-in methods for users to submit system feedback or suggestions. |
No information available | |
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Global Search Functionality Ability for users to quickly search across all products, documents, and data. |
No information available |
Security, Data Management & Audit
(6 Yes /6 Known /10 Possible features)
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Role-Based Access Control Granular permissions for controlling data and feature access. |
Enables granular, role-based access controls for business and IT collaboration. | |
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Full Audit Logging Comprehensive recording of every significant user/system action. |
Audit logging required for regulatory compliance management. | |
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Data Encryption (At Rest and In Transit) Encryption of sensitive data in both storage and during transmission. |
Insurance SaaS products uniformly employ encryption in transit and at rest. | |
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GDPR & CCPA Compliance Tools and processes supporting major privacy regulations. |
No information available | |
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Automated Data Backups Scheduled or real-time backups of all core data. |
Modern SaaS solutions have automated backup features by default. | |
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Activity Monitoring Dashboards Dashboards to monitor security events and user activity. |
Security and audit event dashboards are standard for such platforms. | |
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Data Retention Controls Configurable rules for how long data is stored or purged. |
No information available | |
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User Access Review Tools Periodic reporting and auditing of user access permissions. |
No information available | |
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Incident Response Automation Automated notifications and workflows when security incidents are detected. |
No information available | |
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Audit Reporting Generation of formal audit reports and logs for compliance reviews. |
Generation of formal audit reports/logs is essential for regulated insurance configuration systems. |
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