{"version":"0.35.0","built_at":"2026-10-24T11:24:42.001Z","license":"CC BY 4.0 © Mike Reams","canonical":"https://catalog.mikereams.com","capability":{"id":"BC-1740","name":"Insurance Products & Policy","level":1,"parent_id":null,"l1_id":"BC-1740","industry":"financial-services","macro_id":null,"path":["Insurance Products & Policy"],"description":"Offer insurance cover priced for the risk and kept accurate for its whole term, by designing products and rates, underwriting each risk, issuing and servicing the policy, billing premium, reinsuring part of the risk and valuing the reserves the book needs. Covers P&C and life and annuities; handling claims sits elsewhere.","aliases":["Policy Administration","Insurance Operations","New Business & Policy Servicing","Underwriting & Policy"],"in_scope":["Insurance product design, rating plans and policy wording for P&C and life and annuities","Submission intake, risk selection, underwriting decisions and quotes","Policy issuance, endorsements, renewals, cancellations and life policy servicing","Premium billing, producer commissions, ceded and assumed reinsurance and actuarial reserving"],"out_of_scope":["An enterprise buying insurance for its own risks (see BC-130.50)","Generic customer invoicing outside insurance premium (see BC-250.10)","Reporting, adjusting and settling claims (see BC-1750)","Solvency capital and capital stress testing for the insurer (see BC-1780.30)"],"csdm_note":"Record as a Business Capability supported by policy administration, rating, underwriting, premium billing and reinsurance Business Applications; align it to the new business and policy servicing Business Services each line of business offers.","status":"active","successor_id":null,"child_ids":["BC-1740.10","BC-1740.20","BC-1740.30","BC-1740.40","BC-1740.50","BC-1740.60"]},"crosswalk":{"realized_by":[],"used_in":[{"vs_id":"VS-440","vs":"Quote-to-Bind","stage_id":"VS-440.10","stage":"Submit & Clear","order":1,"via":"BC-1740.20"},{"vs_id":"VS-440","vs":"Quote-to-Bind","stage_id":"VS-440.20","stage":"Underwrite & Price","order":2,"via":"BC-1740.20"},{"vs_id":"VS-440","vs":"Quote-to-Bind","stage_id":"VS-440.30","stage":"Quote & Bind","order":3,"via":"BC-1740.20"},{"vs_id":"VS-440","vs":"Quote-to-Bind","stage_id":"VS-440.40","stage":"Issue & Bill","order":4,"via":"BC-1740.30"},{"vs_id":"VS-440","vs":"Quote-to-Bind","stage_id":"VS-440.50","stage":"Cede to Treaties","order":5,"via":"BC-1740.50"},{"vs_id":"VS-450","vs":"First-Notice-to-Settlement","stage_id":"VS-450.40","stage":"Recover","order":4,"via":"BC-1740.50"},{"vs_id":"VS-450","vs":"First-Notice-to-Settlement","stage_id":"VS-450.50","stage":"Close & Feed Back","order":5,"via":"BC-1740.10"}],"patterns":[],"stacks":[],"books":[],"technology":[],"frameworks":[],"principles":[],"data_concepts":[],"domain_events":[]},"ancestors":[],"children":[{"id":"BC-1740.10","name":"Insurance Product & Rating","level":2,"child_count":4},{"id":"BC-1740.20","name":"Quote & Underwriting","level":2,"child_count":6},{"id":"BC-1740.30","name":"Policy Issuance & Administration","level":2,"child_count":5},{"id":"BC-1740.40","name":"Premium Billing","level":2,"child_count":5},{"id":"BC-1740.50","name":"Reinsurance Placement & Recovery","level":2,"child_count":4},{"id":"BC-1740.60","name":"Actuarial Valuation & Reserving","level":2,"child_count":5}]}