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
- 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.