Product Development

Smart product development for competitive advantage

At Prescience, we help you develop innovative, profitable products within a viable market â�� giving you a competitive edge.

We offer end-to-end solutions so that life insurance business is written competitively and profitably.

We help you:

Identify market needs
Identify distribution channels
Understand risk
Reduce operating costs

Prescience Added Value Services include:

Develop new ways to distribute life insurance products
Explore non-traditional distribution channels (banks, Internet, direct response mailing)
Advise financial institutions entering life and health insurance market

Our product expertise includes:

Traditional life insurance and annuity
Disability insurance
Interest-sensitive life insurance and annuity
Critical illness insurance
Investment-linked life insurance and annuity
Accident & medical insurance
Customized innovative products

Product Development Services

Product design & review
Reinsurance negotiation
Policy contract wording
Profitability analysis
Illustration software
Market research
Regulatory filing
Agency compensation