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Product and Policy Lifecycle Solutions

Drive collaborative product management and straight-through processing

Manage the entire insurance product and policy lifecycle with SAP solutions. With a high degree of automation, you can streamline sales and policy administration. And you can even implement a product and demonstrate its value to marketing, sales, and policy administration. As a result, you have the power to stay responsive, reduce operating costs sustainably, and speed time to market with compliant product innovations.

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Solution Capabilities

Learn about the capabilities of SAP software:

Product Development

Deliver products and services to market faster

Strengthen your business’ competitive position with product development solutions from SAP. Our software can help you:

  • Centralize product design and configuration by offering modular product components
  • Rearrange reusable sample products and elements for new or adjusted products
  • Explore new distribution channels to meet changing customer demands
  • Release new products faster and at a lower cost
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Quotation Management

Rate, quote, bind, and issue policies – better and faster

Issue policies accurately and quickly with quotation management solutions from SAP. Our software can help you:

  • Evaluate, quote, and price premiums precisely by accessing accurate product data
  • Enable product managers, business analysts, actuaries, underwriters, and brokers to work from the same product information
  • Create and store accurate, complete, and reusable insurance product definitions –beyond pricing and calculations
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Policy Processing

Improve customer satisfaction with automated policy administration processes

Support simplified, highly automated policy processing on a single platform. With SAP software, you can:

  • Respond quickly to changing market demands with intuitive product-related adaptions and integration between underwriting with policy maintenance
  • Deliver business transactions that support favored user interfaces with a high degree of process automation
  • Increase customer satisfaction while streamlining policy administration and lowering maintenance costs
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Reimagine the way you do business with SAP Digital Business Services

Businesses everywhere are transforming into digital enterprises – but it’s not always that easy. SAP Digital Business Services can help guide your transformation journey every step of the way, from strategy to technology implementation and beyond.

Our experts take a holistic approach, helping you identify and implement new processes and capabilities while ensuring your operations continue to run smoothly. We’ll work to make sure your SAP software delivers ongoing, unsurpassed value as you address the evolving demands of the digital economy. 

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Quickly adopt and maintain SAP solutions

Get the support you need to efficiently implement and operate your SAP solutions – and take advantage of new technologies. We offer a range of support services, from foundation level to strategic engagement and co-innovation.

View product documentation

Get a wealth of information – about everything from installation and upgrades to security, integration, and product availability.

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