Set Up Digital Insurance Products

Create a product catalog to organize and sell all the insurance products and services that your company offers to customers. Setting up insurance products defines what your company sells and how it’s structured, to help you deliver accurate quotes and a seamless customer experience.

• Set Up the Product Record Types and the Product Layout
  Create specification types for the product specification record types and adjust the Product layout.
• Create Attribute Categories and Attribute Definitions for Digital Insurance
  Create attributes to capture the characteristics or properties of products. For example, limit and deductible are attributes of coverage whereas age, gender, first name are attributes of a driver.
• Create Products for Digital Insurance
  Set up the insurance product classifications and products that define your offering.
• Create Extended Attributes
  Use extended attributes to centralize data and reduce duplication errors by dynamically pulling information from existing records, such as Contact or Account objects. For example, when adding a driver to a policy, extended attributes can automatically populate the driver’s contact information from a linked Contact record.
• Create a Selling Model for Digital Insurance
  All products in the product hierarchy use the One-Time product selling model. If the One-Time product selling model is not available, you can create it.
• Create a Product Catalog for Digital Insurance
  Define your product offerings in Product Catalog Management with product catalogs. Catalogs enable efficient organization and management of all the products your business offers.