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FINEOS AdminSuite Product Configuration from Fineos
Gives insurers the flexibility to configure products, rates, and business rules for group and individual markets; supports versioning and integration across the FINEOS Platform.
Product analysis by function
Product Configuration Engines for Product Development
Flexible systems that allow insurers to define, configure, and modify insurance products without extensive programming, enabling faster time-to-market.
More Product Configuration Engines
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Product Definition and Management
(0 Yes /0 Known /11 Possible features)
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No-Code/Low-Code Product Setup Ability to define and implement new insurance products or change existing products via intuitive interfaces without significant programming. |
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Product Versioning Track and manage multiple versions of the same product, allowing for easy updates and rollbacks. |
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Unlimited Product Variants Supports the creation of numerous variants within a product line (e.g., differing terms, coverages, regions). |
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Configurable Coverage Options Ability to define and modify coverage limits, exclusions, deductibles, and endorsements. |
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Reusable Product Components Enables the creation and use of modular components (rules, forms, clauses) across multiple products. |
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Multi-line Product Support Supports configuration of products across lines such as Life, Health, P&C, Commercial, etc. |
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Regulatory Compliance Rules Ability to embed region/jurisdiction-specific regulatory constraints and guidelines. |
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Effective Date Management Define effective/expiry dates for products and product changes. |
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Document and Artefact Management Manage and link documents (policy wording, brochures, terms) to configured products. |
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Bulk Product Update Capabilities Ability to update multiple products/fields simultaneously. |
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Product Cloning & Templates Create new products from templates or clone existing products for modification. |
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Rule and Workflow Engine
(0 Yes /0 Known /10 Possible features)
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Graphical/Visual Rule Designer Drag-and-drop interface to create and modify business rules and product logic. |
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Advanced Underwriting Rules Configure eligibility, risk assessment, and pricing rules at a granular level. |
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Workflow Automation Design and automate product-related workflows (e.g., approval, issuance, endorsement). |
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Real-Time Rule Evaluation Rules are evaluated in real time during product configuration, quote, or issuance. |
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Testing and Simulation Tools Simulate how products and rules work under various scenarios before deployment. |
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Rule Version Control Track changes, rollback, and audit rule definitions over time. |
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Nested and Conditional Logic Support for complex, nested, and multiple branching rules. |
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Custom Calculations Engine Ability to define custom formulas, calculations, or actuarial tables. |
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Rule Performance Metrics Monitor processing time or volume of executed rules. |
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Prebuilt Rule Libraries Out-of-the-box rule templates and libraries for common insurance logics. |
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Integration and Interoperability
(0 Yes /0 Known /8 Possible features)
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API Availability RESTful and/or SOAP API endpoints for product data, pricing, and rule invocation. |
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Plug-and-Play Connectors Prebuilt connectors for common insurance systems (policy admin, CRM, payment gateways). |
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Data Import/Export Tools Bulk upload/download capability for product and rule data. |
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Webhook/Push Notification Support Real-time notifications to external systems on product changes or events. |
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Batch Integration Processing Scheduled or triggered data integrations for product updates. |
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Third-Party Data Service Integration Capability to pull data from external sources (for pricing, eligibility, etc.). |
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Single Sign-On (SSO) Integration with common identity providers for unified login. |
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Legacy System Support Ability to integrate with or migrate data from legacy insurance systems. |
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User Experience and Accessibility
(0 Yes /0 Known /9 Possible features)
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Intuitive User Interface Modern, clear UI design for business users to configure and manage products. |
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Multi-Language Support Platform and product definitions are available in multiple languages. |
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Accessibility Compliance Conformance to accessibility standards (e.g., WCAG). |
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Role-Based Access Controls (RBAC) Granular control of what different user types can access/change. |
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Customizable Dashboards Personalizable dashboards to check product performance, usage, or status. |
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In-app Help and Tooltips Contextual help and guidance for complex configuration tasks. |
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Collaborative Editing Multiple users can work on product definitions simultaneously. |
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Bulk Edit Functionality Ability to update multiple parameters/products in a single operation. |
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Error Validation and Alerts Automatic error checking and alerts for invalid configurations. |
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Pricing and Rating Engine
(0 Yes /0 Known /8 Possible features)
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Flexible Rating Models Supports multiple rating/actuarial models (e.g., tiered, dynamic, usage-based). |
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Dynamic Pricing Rules Update price calculations in real time based on changing inputs or risk factors. |
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Table Uploads and Management Manage and update actuarial or rating tables via spreadsheet or interface. |
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Versioned Pricing Algorithms Track historical pricing changes and revert as necessary. |
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Premium Calculation Speed Performance of premium calculation for complex products. |
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Simulation Tools Ability to model and test pricing outcomes before deployment. |
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Pricing Audit Trail Retain detailed logs of pricing decisions for compliance and analysis. |
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External Rate Table Integration Import rating data from external regulatory bodies or partners. |
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Testing, QA, and Sandbox Environments
(0 Yes /0 Known /8 Possible features)
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Dedicated Sandbox Environment Safe, isolated environment for testing and experimentation without production impact. |
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Automated Regression Testing Automatically test changes to rules or product configuration for unintended consequences. |
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Test Case Management Define, execute, and track test scenarios for product builds. |
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Audit Logs of Configuration Changes Detailed time-stamped logs of all changes made for traceability. |
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Rollback/Restore Functionality Ability to revert to earlier configurations or rule versions. |
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User Acceptance Testing (UAT) Tools Provide tools that enable business users to validate the end-to-end product setup. |
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Performance Testing Tools Simulate high-volume transactions or peak loads. |
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Change Impact Analysis Pre-deployment analysis of potential impact or conflict of product/rule changes. |
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Security and Compliance
(0 Yes /0 Known /8 Possible features)
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End-to-End Data Encryption Encryption of data in transit and at rest. |
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Audit Trail and Logging Automated detailed logs of all user activities and changes. |
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Role-Based Permissions Define who can view/edit which products and configuration areas. |
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Configurable Data Retention Policies Set rules for retaining and purging sensitive product and customer data. |
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Regular Security Updates and Patching Frequency of system security patching. |
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Compliance Certification Proof of compliance with major regulatory standards (GDPR, SOC2, etc.). |
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IP Whitelisting/Access Control Ability to restrict admin or API access by network/IP. |
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Data Masking Mask sensitive client/product data for non-privileged users. |
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Deployment, Scaling, and Performance
(0 Yes /0 Known /8 Possible features)
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Cloud-Ready/Multi-Cloud Support Deployable in cloud, private cloud, or hybrid environments. |
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Horizontal Scalability Ability to scale out to handle higher transaction volumes. |
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High Availability/Uptime System design supporting minimal downtime. |
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Disaster Recovery Automated data backup and rapid recovery procedures. |
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Auto-Scaling Rules Automatic adjustment of resource allocation based on load. |
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Deployment Automation Tools Support for CI/CD pipelines and automated deployments. |
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Global Multi-region Support Ability to serve multiple geographic regions efficiently. |
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Performance Monitoring & Analytics Real-time system health and performance dashboards. |
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Analytics and Reporting
(0 Yes /0 Known /8 Possible features)
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Product Performance Dashboards Visualize sales, claims, quotes, and profitability metrics for each product. |
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Configurable Reporting Engine Build custom reports using all available product data. |
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Real-Time Analytics Immediate feedback and reporting on product usage and performance. |
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Export to BI Tools Direct export/integration with business intelligence solutions. |
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Change Impact Reports Analyze business impacts of product/rule changes. |
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Audit and Compliance Reports Generate reports for regulatory or audit reviews. |
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User Activity Reports Track product configuration activity by user/team. |
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Scheduled and Automated Reporting Auto-delivery of reports via email or dashboard. |
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Extensibility and Customization
(0 Yes /0 Known /7 Possible features)
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Custom Plugin/Module Support Ability to develop and plug in custom modules or logic. |
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Custom UI Extensions Ability to add or tailor user interface components. |
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Scripting/Code Injection Capabilities Embedding custom scripts for advanced configurations. |
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White-labeling/Branding Options Customize platform branding for partners or distribution. |
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Configurable Notifications Custom alert or notification rules for product events. |
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Open API Specification Compliance Conforms to industry standards (e.g., OpenAPI, Swagger) for APIs. |
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Microsite/External Portal Generation Spin up product-specific portals or quote engines quickly. |
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