I. Product Definition, Maintenance & Cloning Module
· Pain Point Addressed: Complex and time-consuming product definition and configuration processes.
· Key Features:
1. Full-dimension product definition covering product layer and liability layer (pricing/coverage), supporting data entry, version control, attribute maintenance, and rapid cloning.
2. A shared product definition pool with unified access, enabling lifecycle visualization through status labels (New / Check-In / Check-Out) and review statuses (Draft / Under Review / Approved).
3. Multi-level attribute configuration reduces repetitive work. One-click cloning copies existing products along with liability relationships, formulas, and rules, requiring only minimal parameter adjustments.
II. Formula Management System (FMS)
· Pain Point Addressed: Fragmented management of calculation formulas.
· Key Features:
1. Centralized management of all policy product formulas for unified maintenance, reuse, and invocation.
2. Supports formulas for premiums, sum assured, surrender value, etc., linked to product liability groups/items, stored in a unified database to prevent fragmented management.
3. Integrated with the product calculation service layer and engine to ensure consistent formula versions across scenarios (e.g., underwriting loadings, claims assessment).
III. Product Calculation Engine
· Pain Point Addressed: Incomplete coverage of calculation scenarios and inconsistent rule execution.
· Key Features:
1. Unified calculation engine covering ten common calculation categories (e.g., premium, sum assured, surrender value, policy value, bonus).
2. Dynamically extracts parameters (e.g., liability group ID, policy year) during calculation, ensuring logic stays synchronized with product configuration.
IV. Product Configuration Module
· Pain Point Addressed: Lack of integration across business-stage configurations.
· Key Features:
1. Centralized configuration across all business stages—new business, underwriting, policy servicing, and claims—ensuring data linkage and unified management.
2. Rules defined for each stage (e.g., insurable interest for new business, occupation class for underwriting, payment plans for servicing, claims settlement rules) with full lifecycle rule management.
V. Product Review & Version Management
· Pain Point Addressed: Unstandardized review workflows and chaotic version iteration.
· Key Features:
1. Standardized review processes via the product review pool, with statuses and review comments synchronized to the database in real time for compliance.
2. Dedicated version tracking tables support version creation, query, and rollback, ensuring product iterations are fully traceable.
VI. Product Replication & DDL Import/Export
· Pain Point Addressed: High cost of cross-environment migration and rule reuse.
· Key Features:
1. Product Replication: One-click cloning of existing products with full relational table data replication; only differentiated fields (e.g., product code) need to be updated.
2. DDL Import/Export: Supports bulk import in test environments and export for backup/migration in production, with file validation to ensure data integrity.
