OpenQuote OpenQuote is an open source, web based, insurance quotation solution.
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quotation Product insurance quotation product definitions product rules insurance

OpenQuote Description

OpenQuote is an open source, web based, insurance quotation solution. OpenQuote is an open source, web based, insurance quotation solution which allows quotes to be produced, and products maintained, over the web. Any number of products can be configured to support any line of business via externalized product definitions and rules. For more information please feel free to browse this site or ask questions in our project forums.The system can be made available to brokers and proposers, quotes can be made and saved for the broker or proposer to return to at a later date. OpenQuote can issue quotation documentation to the broker or proposer and keep the Underwriter informed about all quotations and when they are accepted.An insurance product is configured by specifying the information that is required to be captured from the proposer, this configuration is then used by OpenQuote to automatically generate all the required screens. Basic products predefined for various lines of business can be extended (used as a basis for) by new products when they are created, this speeds up time to market because less configuration is required. Any existing product can be extended this way by future products, with the new products inheriting all of the original product rules and attributes.Processed quotations and accepted quotations can be packaged up as an xml message for policy administration systems to use, this provides a mechanism to help automate transition from quote to policy.Benefits· Reduce time to bring new products to market· Lower cost of product creation· Improve consistency of client interaction· Reduce cost of product ownership and management· Empower business users to easily prototype products· Enable business to quickly react to market trends· Allow business to explore new lines of businessHere are some key features of "OpenQuote":· Produces insurance quotations· Fully web enabled· Handles multiple lines of business simultaneously· Handles multiple insurance products simultaneously· Spreadsheet configured risk evaluation rules and rates· Handles broker and direct to market sales· Quotes are saved for later review/take up by proposer· Produces and issues quotation documentation· Informs underwriter when quotes are generated and accepted· Automatic screen generation· Product inheritance for faster time to market· XML to aide policy administration system integrationTechnical Summary· J2EE server side system (Java 2 Enterprise Edition)· MySql database· Alfresco document management· JBoss application server· JBoss Portal for user interface presentation· Drools rule engine for business rules (rating, validation, risk assessment etc.)· FOP (Formatting Objects Processor) document production (Quotation PDF)· Web browser accessed user interface· Operating Systems: Windows, Linux, OS X, Solaris, Unix compatibleWhat's New in This Release:· 2035944 SavedQuotations button labels are wrong· 2035941 Irish Broker PI: Notification emails not being delivered· 2035939 Irish Broker PI: Requote errors· 2035937 Irish Broker PI: Product name is wrong on notification· 2035936 Irish Broker PI: order does not set status· 2034786 $DEBUG_OPTS needs removing from run.bat

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