Outcome Brief

Build a Product Factory

The New Standard in P&C Insurance

There’s a new standard in P&C insurance in terms of the efficiency, execution, and innovation required to better protect people, property, and organizations.

Product factories enable insurers to innovate new, market-relevant products, reusing common product definitions across their portfolios, allowing them to offer tailored coverages without creating a massive library of products that are expensive and time-consuming to maintain.

In this outcome brief we will address:

  • What exactly is a product factory?
  • The old standard vs. the new standard
  • How to get there with a process that evolves over time
  • Benefits of the new standard

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