How to Develop a Web Portal for Insurance Products-Insurance Business

Insurance Product Development is the strategic and technical process of designing, developing, testing, and launching Insurance Product development that meet customer needs while aligning with regulatory requirements and the company’s business objectives. This process involves market research, risk assessment, pricing strategy, underwriting criteria, policy design, and regulatory compliance. It also includes collaboration between actuarial, legal, marketing, technology, and operations teams to ensure the product is both competitive and sustainable.