msg globals

From standard components to individual products

Insurance companies face a dilemma with market demand for individualized insurance packages at low cost – product diversification to customer requirements drives costs up, but keeping prices competitive requires product standardization and automation.

Our Insurance Product Factory approach bridges the gap with mass customization of white-label products.

We provide comprehensive consulting and high-performing, product-based solutions to help you configure white-label insurance and financial products specifically designed to cater to different distribution channels and expedite individual product tailoring to customer and market requirements while cutting complexity and effort.

We have successfully implemented the Insurance Product Factory approach in projects using our msg.PM product management system and SAP modules for insurance. We aim at an efficient combination of selected pre-assembled product components while adhering to integrative enterprise architecture guidelines and incorporating technical and functional roles; you benefit from short time-to-market and increased product profitability.