RiskWrite 4.0: an insurance product builder’s perspective

RiskWrite’s product build capabilities have been considerably extended in version 4.0, allowing more complex insurance products to be developed, and with more features to help support the quotation process.  This significantly extends the scope of products our carriers and MGAs can build and assists their brokers with distribution via a greatly enhanced user experience.  The following are just 3 examples of the many new features I can use:

  • Tables allow repeating data sets to be captured for a product, for example, multi-vehicle or other multi-asset based products.  Tables can be configured to display in a number of different ways, and tables can contain other tables to ‘n’ levels, e.g. a Vehicles table can contain a table for vehicle modifications.
  • Action buttons and hyperlinks can be embedded in a product’s question set, e.g. to perform an address lookup or display a Key Facts document as part of the quote process.
  • Dynamic fields allow real-time calculation on-screen as part of the quote process.  This can be used for indicative premium calculation based on answers given by an underwriter or broker user.