ServicesInsurance Product Development

UNMATCHED INSURANCE PRODUCT DEVELOPMENT SUPPORT

Design profitable products that enhance your portfolio, serve your customers better, and grow your organization. Our seasoned insurance product development specialists can help every step of the way.

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UNLOCK NEW REVENUE STREAMS AND MAINTAIN YOUR COMPETITIVE EDGE

The market for insurance products and delivery methods is always changing—you can’t afford to stay still. If you’re not proactively anticipating customer needs and responding with relevant, useful products, your organization is already behind. Our experienced actuaries and insurance product development experts help you capitalize on more opportunities to get ahead…and stay there.

Experienced Product Development Teams

Our team of experts has in-depth product knowledge spanning the full spectrum of P&C (admitted and non-admitted), Life, A&H, Travel, and Pet. We help you design rates, rules, and forms for completely independent or bureau-based products as you expand into new lines of business, jurisdictions, and/or distribution channels.

  • Traditional P&C, Life and A&H
  • Excess and surplus lines
  • Gap medical products
  • Niche consumer products
  • Insurtech products & applications
  • And more

Jurisdictional Insight

Using our detailed knowledge of each jurisdiction’s requirements, our insurance product development specialists help you prepare rates, rules and forms that comply with each jurisdiction’s insurance bulletins, regulations, and statutes.

  • Amendatory endorsements
  • Jurisdiction-specific forms
  • Notices
  • State exception pages
  • Regulatory research
  • Compliance audits

Product Development Expertise

Our insurance product development experts help you design appropriate rates, rules, and forms for completely independent or bureau-based products. We can streamline your expansion into new lines of business, jurisdictions, and/or distribution channels, providing experience-based insight that helps you meet your organization’s goals.

  • Policy Forms Development
  • Rate/Rule Manual Creation
  • Optimizing Rating Flexibility
  • Bureau Product Customization
  • Product Reviews

Filing Support & Regulatory Tracking

Accelerate your approval process by letting our experts file complete, approvable rates, rules and forms on your behalf. We monitor industry trends and regulatory updates, providing product enhancement guidance and form revision expertise to help you avoid excessive DOI interrogatories.

  • Rate filings
  • Amendments
  • Multi-state management
  • Insurance bureau monitoring

WHO WE HELP

Our experienced actuarial, regulatory compliance and technology consultants will assist organizations of any size and at any stage in their development. We respect each company’s unique internal workflow and business goals and craft our solutions to align with our clients’ individual needs.

Insurance and Reinsurance Companies

MGAs, MGUs, and Program Managers

New Insurance Entity Startups

Insurance Agents and Brokers

Captive Insurers

Self-Insurers

Insurtech Firms

Insurance Investors

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Planning for Your 2024 Life, A&H and Hybrid Products?

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Forms Consulting

Perr&Knight provides a variety of insurance forms related services to all types of organizations who deliver insurance products to consumers and businesses, including admitted insurance companies, surplus lines carriers, program managers, agencies, InsurTechs and other startups.

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Insurance Product Development

The Importance of Collaboration in Product Development
By Terri Hitchcock
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Speed-to-Market Tips for New Product Development
By Karen Barrett Daley
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Why Partner with an Insurance Product Design Specialist?
By Terri Hitchcock
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Guidelines for Filing Program Business
By Michael Covert
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MOVE FORWARD WITH CONFIDENCE

Whether you are developing a new insurance product, moving to a new software system, or launching an insurtech solution, our experts can help you every step of the way.

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