Rating and Product Configuration Solution For a Leading Health Insurance Company

  • Faster turnaround time in introducing new products to the market.
  • Improved consistency and accuracy in application of business rules.
  • Improved efficiency in introducing changes to rating logic and rates.

Business Situation

The client is a specialist in the health insurance and provides Health, Accident Care, Overseas Travel, Health + Life (Combi) and Group products.

The client was planning to launch multiple health insurance products within a short duration to enable rapid business growth.

The client sought to empower business users with a technology solution to aid efficiencies in definition of new products across multiple channels and market segments.


The client sought a solution that enabled:

  • Rapid rollout of new products.
  • Reusability of rating logic and product definitions for greater efficiencies.
  • Automated determination of risk eligibility.
  • Rapid definition of rating logic and applicable taxes.
  • The ability to support different product offerings across channels and/ or market segments.


ValueMomentum implemented the iFoundry solution to make product and rating accessible to multiple applications. The solution:

  • Configured health products in iFoundry, including coverages, coverage relationship and rules that govern product offering, eligibility for the product, and underwriting rules.
  • Defined Rating Logic for Health, PA and Overseas Travel Products in iFoundry, including Rate Tables and Rating logic, support for various transaction types.
  • Collaborated with Business Users and Technology team to ensure seamless manifestation of business intent across systems.