CNA will use ProductAuthority as a faster alternative to building an in-house solution to streamline its product development processes, increase product capacity and reduce costs.
ProductAuthority has been built to capitalize on a services-oriented architecture approach and, according to Camilion, the system fundamentally changes the way insurers develop and implement products by completely separating product from process.
ProductAuthority creates agility by externalizing all product data and rules from multiple, hard-coded operational systems into a central repository, where business users can build and modify their own products. These reusable product definitions include product information, such as eligibility, packaging, underwriting rules and forms management.
It also incorporates a product manager’s workbench to automate product development processes and test products prior to integration, a product catalog that gives all product stakeholders access to product features, rules and status, and a publisher that generates full product specifications directly from the repository.
