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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
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
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

Reimagine the way you do business with SAP Digital Business Services

The digital economy is having a profound impact on SAP customers and requires a new level of orchestration to evolve your business, unleash full business value, and ensure business continuity. SAP Digital Business Services brings business and IT together to help you reimagine your business using our digital business framework.

Based on over 40 years of experience working with the world’s most progressive organizations and a robust partner ecosystem, SAP Digital Business Services can guide you on the path to innovation and digital transformation, while securing critical business processes.


Evolve your business by breaking new ground with a trusted adviser who knows you best

Unleash the full business value of your SAP investment and define a clear digital road map to adoption

Ensure business continuity with active guidance, while migrating to next-generation technology 


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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