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The agenda introduces product architecture, how to develop it, key considerations and success factors, and an open Q&A. Content frames agility in product management as disciplined design, deployment, and monitoring, linking market understanding, regulatory completion, coverages and forms, pricing and business rules, and clear product definitions. 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Seminars conducted under the auspices of the CAS are designed solely to provide a forum for the expression of various points of view on topics described in the programs or agendas for such meetings.  \n􀂃 Under no circumstances shall CAS seminars be used as a means for competing companies or firms to reach any understanding – expressed or implied – that restricts competition or in any way impairs the ability of members to exercise independent business judgment regarding matters affecting competition.  \n􀂃 It is the responsibility of all seminar participants to be aware of antitrust regulations, to prevent any written or verbal discussions that appear to violate these laws, and to adhere in every respect to the CAS antitrust compliance policy.  \n2 2016 CAS Ratemaking and Product Management Seminar Copyright © 2015 Deloitte Development LLC. All rights reserved.  \nAgenda  \n􀂃 What is Product Architecture?  \n􀂃 Developing a Product Architecture  \n􀂃 Considerations and Success Factors  \n􀂃 Open Q&A  \n3 2016 CAS Ratemaking and Product Management Seminar Copyright © 2015 Deloitte Development LLC. All rights reserved.  \nThe Nimble Insurer  \nP&C carriers are responding to pressure to become more “fleet footed” inan increasingly analytically-driven and efficient marketplace  \nOpportunity:  \nCarriers are making substantial investments to improve flexibility and speed as they go to market.  \nProduct Management  \nMarketing  \nSales & Distribution  \nUnderwriting  \nChallenge:  \nWhile speed-to-market is a common mantra across the industry, carriers struggle to achieve desired outcomes for a variety of reasons:  \n􀂃 Talent Shortages  \n􀂃 Operational Silos  \n􀂃 Cumbersome Processes  \n􀂃 Outdated Technology  \n􀂃 Data Limitations  \n􀂃 Challenges with implementation and change management  \n4 2016 CAS Ratemaking and Product Management Seminar Copyright © 2015 Deloitte Development LLC. All rights reserved.  \nAgility in Product Management  \nImprove speed to market through better discipline in the design, deployment, and monitoring of products  \nUnderstand market and customers  \nManage product performance  \nIntegrate products with core functions  \nComplete regulatory  \nrequirements  \nDevelop coverages and forms  \nDevelop pricing and business rules  \nDefine appetite and product features  \nProduct Management Lifecycle  \n~~  ~~Critical~~ ~~Success~~ ~~Factors~~  ~~  \n􀂃 Clearly articulated, broadly understood product strategy  \n􀂃 Culture of collaboration across functions  \n􀂃 Understanding of roles and accountability for all involved in the process  \n􀂃 Processes and technology that effectively support operational excellence  \n􀂃 Effective product monitoring processes  \nA modular product architecture provides a foundation for better agility in product management  \n5 2016 CAS Ratemaking and Product Management Seminar Copyright © 2015 Deloitte Development LLC. All rights reserved.  \nWhat is Product Architecture?  \nWhat is a Product?  \nCentral to the construction of the product architecture is alignment on the definition of a product  \n\n|  |  |  |  |  |\n| --- | --- | --- | --- | --- |\n|  |  |  |  |  |\n|  |  | \u003Cbr>Insurance Produc\u003Cbr>| t |  |\n|  |  |  |  |  |\n|  |  |  |  |  |\n\n• Coverage Offerings  \n• Value Added Services  \n• Underwriting Guidelines  \n• Forms & Endorsements  \n• Rate Plans  \n• Business Rules  \n• Data  \n• Marketing Materials  \n• Broker Communications  \n􀂃 From the customer point of view, a product is a bundle of insurance coverage and related services, such as claims handling and risk management  \n􀂃 From an operational point of view, underwriting guidelines, forms, rate plans, rules, and data are used to define, underwrite, price, and manage the product  \n􀂃 Marketing materials and broker c","cbCaiqG5tqKZkmEu","https://ap.wps.com/l/cbCaiqG5tqKZkmEu","pdf",867859,23,"English","# Agenda\n## What is Product Architecture?\n## Developing a Product Architecture\n## Considerations and Success Factors\n## Open Q&A\n# Agility in Product Management\n## Product Management Lifecycle\n# What is Product Architecture?\n## What is a Product?\n# Introduction to Product Architecture\n## Components\n## Dimensions","[{\"question\":\"What does the document mean by “product architecture” in product management?\",\"answer\":\"It describes an organized framework for defining products by structuring product elements to support reusability and efficient updates for new market offerings.\"},{\"question\":\"How does agility connect to product management in the seminar?\",\"answer\":\"Agility is framed as improving speed to market through better discipline in designing, deploying, and monitoring products, while integrating market understanding and core functions.\"},{\"question\":\"What are the key points of the antitrust notice for seminar participants?\",\"answer\":\"Participants must ensure discussions do not restrict competition or impair independent business judgment, and they are responsible for preventing any written or verbal conduct that appears to violate antitrust laws and adhering to CAS antitrust compliance policy.\"}]","rpm_2016_presentations_pmgmt-2 - 2016 CAS Ratemaking and Product Management Seminar - Anti-Trust Notice | PDF",1789241475,8]