Product Development
Stanley Parsons Insurance Services offers the competitive advantage insurance companies need to succeed in today’s market.
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Our team has the experience and expertise needed to capitalize on regulatory opportunities and rapidly changing development of industry products. New product development or adjusting existing products rapidly and effectively is necessary for your company’s success.
Our services include:
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Product Development Services
We create market opportunities for our clients by assisting them in the development of new products for the launching of new insurance programs.
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We provide assistance with bureau-based insurance products as well as independent/proprietary target market programs, including the development of policy forms and endorsements, as well as rate and rule exception pages . We will prepare and assemble all state specific filings and bring your product to market.
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Competitive Analysis
Whether a competitive analysis on rates, rules, policy forms or endorsements, is needed SPIS can assist on numerous levels. We can prepare an analysis on a new program or an existing book of business or new program or provide an analysis in response to a DOI request or state interrogatories.
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Program Launch
Our analysts work closely with your team to build a countrywide or a state specific manual, as well as all the corresponding forms and work to address the regulatory nuances of each state.
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Rate and Rule Pages / Forms & Endorsements
We have the knowledge and resources to work in a collaborative effort to draft rates, rules, manual pages, and policy forms and provide guidance for developing and designing specific coverages and related underwriting guidelines.
Extensive knowledge of competing products, rates, and forms make our team an excellent resource for new product ventures.
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Call or contact us today to see how SPIS can partner with you in development of insurance products that can be a key to your success.