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Making an insurance product factory: Using the right products, at the right time

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The economic landscape has been a challenging one to navigate for some time and while there were hopes for a speedy recovery following the pandemic, the reality is that the UK economy has taken yet another blow with the onset of much higher inflation, rising interest rates and the escalating cost of living.

As consumers navigate this challenging time, insurers can’t rely on brand loyalty alone to keep customers on board. Product offerings need to be relevant, transparent, timely and of good value. To achieve this, insurers need the ability to build new business lines quickly and efficiently.

This article shines a spotlight on how product factories can help insurers build and launch new lines of business quickly and efficiently.

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