How does Product Factory help insurers develop modular products, or new propositions?

Developing insurance products has changed over the past few years, with a new focus on modular products and propositions. Insurers are now looking for ways to deconstruct and repurpose existing products, to create new, flexible products that suit the changing needs of their customers. Our no-code platform, Product Factory, does just this, using our logic and rules engine, Coherent Spark, to automate this process.

In the video below, our Head of Solutions, Daniel Morgan, explains the benefits of Product Factory for insurers who are looking to develop modular products.

Daniel Morgan

Head of Solutions

Daniel is our Head of Solutions at Coherent. He oversees the development of Coherent’s innovative product suite. Over the past 10 years working across more than 25 countries, Daniel has recognised the systemic challenges facing insurers. Building on this knowledge, he has been able to identify and implement technology solutions that change preconceptions and drive positive change. Throughout his career, Daniel has heard people say “but we’ve always done it that way”. His mantra is to refuse to accept that things should stay the way they are!

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