Tailored Products
One of the key factors that leads to extensive product libraries, and subsequently creates an ever-increasing maintenance overhead, is the requirement to tailor products for specific customers.
Much of this is addressed via Actisure’s product rationalisation capabilities, however Actisure allows you to go a step further by moving the level where tailoring takes place from the Product down to the Policy itself.
This capability alone has seen some of clients reduce their product library by a factor of 10 when moving their business to Actisure.