Product development and pricing: Insurance

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With constantly changing market conditions and regulations, there is a need to develop innovative products that satisfy customer needs.

Our consultants have extensive experience with life insurance product development and are well-equipped to provide support at all stages, including carrying out feasibility/field studies, developing product features, carrying out cash-flow modelling and profit testing, developing regulatory filing material, providing support in the UAT/implementation of the product, and carrying out on-going experience studies.

Over the years, our consultants have been involved in developing different types of products, such as:

  • Unit-linked with and without guarantees
  • Traditional (participating/non-participating) products
  • Pensions and annuities
  • Universal life
  • Riders
  • Group (protection/fund management)

Our consultants can also work with clients to integrate the product with the actuarial modeling software used by the company, such as MG-ALFA, PROPHET and AFM.

Next Steps

For more information, contact: