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FINEOS AdminSuite Product Configuration from Fineos
Gives insurers the flexibility to configure products, rates, and business rules for group and individual markets; supports versioning and integration across the FINEOS Platform.
Product analysis by function
Product Configuration Engines for Product Development
Flexible systems that allow insurers to define, configure, and modify insurance products without extensive programming, enabling faster time-to-market.
More Product Configuration Engines
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Product Definition and Management
(11 Yes /11 Known /11 Possible features)
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No-Code/Low-Code Product Setup Ability to define and implement new insurance products or change existing products via intuitive interfaces without significant programming. |
FINEOS AdminSuite is marketed as a configurable insurance product engine supporting product setup and modifications without deep coding, indicating no-code/low-code setup. | |
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Product Versioning Track and manage multiple versions of the same product, allowing for easy updates and rollbacks. |
Official documentation and product notes reference support for versioning and managing product changes, matching product versioning. | |
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Unlimited Product Variants Supports the creation of numerous variants within a product line (e.g., differing terms, coverages, regions). |
Supports configuration of variants across group and individual segments, which implies support for unlimited product variants. | |
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Configurable Coverage Options Ability to define and modify coverage limits, exclusions, deductibles, and endorsements. |
Marketing claims include flexibility in configuring rates, benefits, rules, and coverage options, indicating strong support for configurable coverage. | |
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Reusable Product Components Enables the creation and use of modular components (rules, forms, clauses) across multiple products. |
The suite supports modular setup and reusable configuration for product building blocks. | |
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Multi-line Product Support Supports configuration of products across lines such as Life, Health, P&C, Commercial, etc. |
FINEOS AdminSuite covers group, voluntary, and individual insurance across Life, Disability, Absence, Accident, etc., showing multi-line product support. | |
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Regulatory Compliance Rules Ability to embed region/jurisdiction-specific regulatory constraints and guidelines. |
Documentation lists regulatory compliance and jurisdiction-specific product constraints as part of configuration options. | |
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Effective Date Management Define effective/expiry dates for products and product changes. |
Configurable product versions and changes include effective and expiry date management per documentation. | |
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Document and Artefact Management Manage and link documents (policy wording, brochures, terms) to configured products. |
Supports documentation and linkage of artefacts and documents to the product setup. | |
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Bulk Product Update Capabilities Ability to update multiple products/fields simultaneously. |
Claims bulk product update and bulk configuration options as part of AdminSuite feature set. | |
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Product Cloning & Templates Create new products from templates or clone existing products for modification. |
Supports product templates and cloning to accelerate rollout of new products. |
Rule and Workflow Engine
(7 Yes /7 Known /10 Possible features)
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Graphical/Visual Rule Designer Drag-and-drop interface to create and modify business rules and product logic. |
No information available | |
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Advanced Underwriting Rules Configure eligibility, risk assessment, and pricing rules at a granular level. |
The platform allows for configuration of rating, eligibility, and complex underwriting rules. | |
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Workflow Automation Design and automate product-related workflows (e.g., approval, issuance, endorsement). |
Automated workflows and workflow engines are key features cited in FINEOS AdminSuite's product literature. | |
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Real-Time Rule Evaluation Rules are evaluated in real time during product configuration, quote, or issuance. |
Business rules for product configuration, rating, and quoting are stated to process events in real time. | |
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Testing and Simulation Tools Simulate how products and rules work under various scenarios before deployment. |
Simulation and testing functionality referenced in product documentation, for testing rule and product setups. | |
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Rule Version Control Track changes, rollback, and audit rule definitions over time. |
Tracks and manages rule changes and versions, supported by FINEOS product documentation. | |
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Nested and Conditional Logic Support for complex, nested, and multiple branching rules. |
Supports sophisticated, nested, and conditional business logic for insurance products. | |
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Custom Calculations Engine Ability to define custom formulas, calculations, or actuarial tables. |
Custom rating formula and calculations engine is referenced repeatedly in product documentation. | |
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Rule Performance Metrics Monitor processing time or volume of executed rules. |
No information available | |
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Prebuilt Rule Libraries Out-of-the-box rule templates and libraries for common insurance logics. |
. | No information available |
Integration and Interoperability
(8 Yes /8 Known /8 Possible features)
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API Availability RESTful and/or SOAP API endpoints for product data, pricing, and rule invocation. |
AdminSuite exposes RESTful APIs for product configuration, quoting, and data integration. | |
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Plug-and-Play Connectors Prebuilt connectors for common insurance systems (policy admin, CRM, payment gateways). |
Integrates with other FINEOS modules and external systems using prebuilt connectors. | |
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Data Import/Export Tools Bulk upload/download capability for product and rule data. |
Bulk data import/export via interfaces mentioned as supported in documentation. | |
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Webhook/Push Notification Support Real-time notifications to external systems on product changes or events. |
The AdminSuite architecture supports webhooks and push notifications for key product events. | |
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Batch Integration Processing Scheduled or triggered data integrations for product updates. |
System supports both real-time and batch data integration operations. | |
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Third-Party Data Service Integration Capability to pull data from external sources (for pricing, eligibility, etc.). |
Supports integration with third-party data providers for pricing and validation. | |
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Single Sign-On (SSO) Integration with common identity providers for unified login. |
Integration with SSO and identity providers such as SAML and OAuth indicated in security documentation. | |
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Legacy System Support Ability to integrate with or migrate data from legacy insurance systems. |
Platform supports integration/migration from legacy policy admin systems, as described in transition and onboarding guides. |
User Experience and Accessibility
(6 Yes /6 Known /9 Possible features)
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Intuitive User Interface Modern, clear UI design for business users to configure and manage products. |
FINEOS is known for a modern UI aimed at business (non-technical) users for configuration. | |
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Multi-Language Support Platform and product definitions are available in multiple languages. |
No information available | |
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Accessibility Compliance Conformance to accessibility standards (e.g., WCAG). |
No information available | |
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Role-Based Access Controls (RBAC) Granular control of what different user types can access/change. |
Role-based user management and permissioning is standard in FINEOS AdminSuite. | |
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Customizable Dashboards Personalizable dashboards to check product performance, usage, or status. |
Dashboards for product and operational metrics are available and configurable. | |
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In-app Help and Tooltips Contextual help and guidance for complex configuration tasks. |
The user interface includes embedded help and tooltips for key functions. | |
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Collaborative Editing Multiple users can work on product definitions simultaneously. |
No information available | |
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Bulk Edit Functionality Ability to update multiple parameters/products in a single operation. |
Bulk editing for configuration is supported per documentation. | |
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Error Validation and Alerts Automatic error checking and alerts for invalid configurations. |
UI error validation and alerts are standard in the configuration process. |
Pricing and Rating Engine
(7 Yes /7 Known /8 Possible features)
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Flexible Rating Models Supports multiple rating/actuarial models (e.g., tiered, dynamic, usage-based). |
Multiple pricing models including dynamic and tiered are supported. | |
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Dynamic Pricing Rules Update price calculations in real time based on changing inputs or risk factors. |
Pricing rules are configurable and evaluated dynamically on rate changes. | |
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Table Uploads and Management Manage and update actuarial or rating tables via spreadsheet or interface. |
Uploading and managing rate tables via UI/spreadsheet interfaces are supported. | |
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Versioned Pricing Algorithms Track historical pricing changes and revert as necessary. |
Product allows for versioned pricing logic, per versioning feature set. | |
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Premium Calculation Speed Performance of premium calculation for complex products. |
No information available | |
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Simulation Tools Ability to model and test pricing outcomes before deployment. |
Simulation tools for pricing and product outcomes explicitly mentioned. | |
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Pricing Audit Trail Retain detailed logs of pricing decisions for compliance and analysis. |
Audit trails for product configuration and pricing are emphasized for compliance. | |
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External Rate Table Integration Import rating data from external regulatory bodies or partners. |
Rate table imports from external sources are supported. |
Testing, QA, and Sandbox Environments
(7 Yes /7 Known /8 Possible features)
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Dedicated Sandbox Environment Safe, isolated environment for testing and experimentation without production impact. |
A dedicated sandbox is available for safe testing according to the official product sheet. | |
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Automated Regression Testing Automatically test changes to rules or product configuration for unintended consequences. |
Automated regression testing is described as a quality assurance feature. | |
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Test Case Management Define, execute, and track test scenarios for product builds. |
No information available | |
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Audit Logs of Configuration Changes Detailed time-stamped logs of all changes made for traceability. |
Audit logging of configuration changes is a compliance and traceability feature. | |
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Rollback/Restore Functionality Ability to revert to earlier configurations or rule versions. |
Rollback to prior configurations is referenced as a key rollback/restore feature. | |
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User Acceptance Testing (UAT) Tools Provide tools that enable business users to validate the end-to-end product setup. |
User acceptance testing workflows described in documentation. | |
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Performance Testing Tools Simulate high-volume transactions or peak loads. |
Performance testing/scalability mentioned as supported in non-production environments. | |
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Change Impact Analysis Pre-deployment analysis of potential impact or conflict of product/rule changes. |
Change impact analysis is a built-in feature for deployments. |
Security and Compliance
(7 Yes /7 Known /8 Possible features)
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End-to-End Data Encryption Encryption of data in transit and at rest. |
FINEOS describes encryption both in transit and at rest. | |
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Audit Trail and Logging Automated detailed logs of all user activities and changes. |
Full audit log and logging features for all user and configuration activity. | |
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Role-Based Permissions Define who can view/edit which products and configuration areas. |
Granular permissions management (RBAC) is in place for AdminSuite. | |
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Configurable Data Retention Policies Set rules for retaining and purging sensitive product and customer data. |
Retention settings for product and policy data configurable in platform admin. | |
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Regular Security Updates and Patching Frequency of system security patching. |
No information available | |
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Compliance Certification Proof of compliance with major regulatory standards (GDPR, SOC2, etc.). |
FINEOS is SOC 2 Type II and ISO 27001 certified; GDPR, HIPAA compliance claims validated on security site. | |
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IP Whitelisting/Access Control Ability to restrict admin or API access by network/IP. |
IP whitelisting for admin/API access described in security controls documentation. | |
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Data Masking Mask sensitive client/product data for non-privileged users. |
Sensitive customer/product info can be masked for non-privileged users. |
Deployment, Scaling, and Performance
(7 Yes /7 Known /8 Possible features)
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Cloud-Ready/Multi-Cloud Support Deployable in cloud, private cloud, or hybrid environments. |
FINEOS AdminSuite is built for cloud-first and multi-cloud deployments. | |
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Horizontal Scalability Ability to scale out to handle higher transaction volumes. |
Documentation refers to horizontal and auto-scaling as part of cloud deployment. | |
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High Availability/Uptime System design supporting minimal downtime. |
No information available | |
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Disaster Recovery Automated data backup and rapid recovery procedures. |
Disaster recovery and automated failover are addressed in business continuity statements. | |
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Auto-Scaling Rules Automatic adjustment of resource allocation based on load. |
Auto-scaling is supported for cloud deployments. | |
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Deployment Automation Tools Support for CI/CD pipelines and automated deployments. |
CI/CD pipeline and automated deployment tools supported; reference to DevOps integration in literature. | |
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Global Multi-region Support Ability to serve multiple geographic regions efficiently. |
Suite is deployed by insurers in multiple global regions and is designed for multi-region support. | |
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Performance Monitoring & Analytics Real-time system health and performance dashboards. |
Real-time monitoring and analytics dashboards highlighted for system admins. |
Analytics and Reporting
(8 Yes /8 Known /8 Possible features)
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Product Performance Dashboards Visualize sales, claims, quotes, and profitability metrics for each product. |
Product dashboards for sales, claims, and operational data are standard. | |
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Configurable Reporting Engine Build custom reports using all available product data. |
Custom and ad hoc report generation and configuration directly referenced by support docs. | |
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Real-Time Analytics Immediate feedback and reporting on product usage and performance. |
Dashboards and real-time reporting/analytics highlighted in marketing and UI demos. | |
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Export to BI Tools Direct export/integration with business intelligence solutions. |
Integrates with enterprise BI tools (SAP, Tableau, etc.) via direct connectors and exports. | |
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Change Impact Reports Analyze business impacts of product/rule changes. |
Business impact/change impact reporting is a built-in compliance feature. | |
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Audit and Compliance Reports Generate reports for regulatory or audit reviews. |
Audit and compliance reporting tools available for insurers and administrators. | |
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User Activity Reports Track product configuration activity by user/team. |
User and team activity tracking/reporting supported through built-in analytics. | |
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Scheduled and Automated Reporting Auto-delivery of reports via email or dashboard. |
Scheduling and automatic report generation/delivery described in admin guides. |
Extensibility and Customization
(4 Yes /4 Known /7 Possible features)
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Custom Plugin/Module Support Ability to develop and plug in custom modules or logic. |
No information available | |
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Custom UI Extensions Ability to add or tailor user interface components. |
No information available | |
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Scripting/Code Injection Capabilities Embedding custom scripts for advanced configurations. |
No information available | |
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White-labeling/Branding Options Customize platform branding for partners or distribution. |
White-labeling and custom branding referenced as supported for partners. | |
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Configurable Notifications Custom alert or notification rules for product events. |
Notification/alert configuration is supported in product event settings. | |
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Open API Specification Compliance Conforms to industry standards (e.g., OpenAPI, Swagger) for APIs. |
FINEOS APIs are documented as conformant with OpenAPI / Swagger standards. | |
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Microsite/External Portal Generation Spin up product-specific portals or quote engines quickly. |
Rapid deployment of portals and quote engines is referenced as a key AdminSuite feature. |
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