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Product Development

Smart product development for competitive advantage

At Prescience, we help you develop innovative, profitable products within a viable market – 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