Ecosystem
Powering businesses across industries and borders with comprehensive insurance ecosystems.
No/low-code and high-performance quotation engine that supports pre-sale and in-force (re-projection) illustrations for rapid product onboarding.
Combine Product Configurator with other Fermion Wealth API services for enriched comparison within seconds!
Legacy &
Competitors
Product
Configurator
Time to run a quote for a variable universal life product
Legacy & Competitors:
2 - 10 minutes
Product Configurator:
50 - 900 milliseconds
2 - 10
minutes
50 - 900
milliseconds
Time to onboard quote of a unit-linked product with riders
Legacy & Competitors:
30 - 60 days
Product Configurator:
1 - 2 days
30 - 60
days
1 - 2
days
Budget proportion for IT development and testing of a savings product
Legacy & Competitors:
70%
Product Configurator:
10%
70%
10%
Note: Figures are based on product implementation in production
Enables easy upload of actuarial standardized and non-standardized excel files, and configurable illustration templates.
Full integration capabilities with existing planning and insurance systems such as underwriting and administration
Performs basic and complex calculations such as forward, reverse, bi-directional and sustainability-based premium, coverage, face value and policy values calculations.
