FirstGen v7 – P&C Insurance Core solution
Business Challenges
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The P&C insurance landscape is becoming increasingly complex as customers demand innovative products, seamless experiences, and exceptional service across all touchpoints. To remain competitive, insurers must not only adapt quickly to market shifts but also deliver cutting-edge solutions that align with ever-evolving customer expectations.
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To meet these challenges, insurers require a powerful foundation that drives flexibility, scalability, and innovation. FirstGen P&C Core addresses these demands with a comprehensive solution that empowers insurers to rapidly introduce new products, seamlessly manage the full policy lifecycle, and ensure smooth integration with the broader insurance ecosystem.
The platform’s low-code configuration capabilities allow insurers to respond swiftly to market needs by launching new product variants quickly, without heavy reliance on IT vendors. Its versatile and configurable UI provides adaptability to business changes, ensuring a seamless user experience for both customers and brokers.
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Additionally, FirstGen’s containerized and modular deployment ensures scalability across Personal, Commercial, Specialty, and Health lines of business, while the Version Upgrade Framework (VUF) guarantees continuous updates with minimal disruptions. The platform’s end-to-end CI/CD pipeline streamlines operation, leading to greater efficiency and reduced maintenance costs.
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With enhanced performance and security features, insurers can also benefit from robust design improvements, upgraded open-source libraries, and continuous application monitoring, making FirstGen v7 the perfect partner in navigating today’s demanding insurance landscape.
Unlock agility and growth in insurance with FirstGen – your path to seamless digital transformation and operational efficiency.
Evolution
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FirstGen has been developed and continuously enhanced almost over four decades by a team of insurance experts and technology specialists of FirstApex. Now in its seventh generation, FirstGen v7 is truly the smart, scalable core P&C platform that simplifies processes and accelerates digital transformation
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Solution Building Blocks
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Loosely integrated policy administration system with Party, Billing, Outward reinsurance and Claim Management.
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FirstGen Business Data Modeler (BDM) to support the design and deployment of new insurance products at the speed of business.
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State-of-the-art business enablers to manage day-to-day insurance operations through NextGen Rule and Rating Engine (RRE), NextGen DocCreator (DC) and NextGen Screen Designer.
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Simplified configurators to create new product definitions from scratch, with the aid of a wide range of LOB and Product templates. Pre-configured templates form the basis of base product configuration that can be tailored to implementation needs.
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Configurable product APIs based upon FirstGen product definition within the BDM configuration aim to provide both digital and omnichannel experiences for agents, brokers and consumers likewise via Nextgen Integration Platform (NIP) API Sandbox.
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Enhanced and unified User Experience for both back-office business operators and IT users.
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Benefits
Complete Solution for Insurance Carriers
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Configuration Capabilities – Empowering users: Faster introductions of new products / variants to market.
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User Experience & Configurable UI: Adaptability to business changes through a versatile and configurable UI framework.
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Informed Operational Decisions: Business enablers empower operational decision-making (e.g. RRE, BDM, DC, etc.)
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Scalability & Deployment: Containerized and modular deployment.
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Version Upgrade Framework (VUF): Enables continuous and seamless version upgrades.
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Performance and Security Boost: Design improvements, upgraded open-source libraries, Continuous application monitoring.
Capabilities
Ahead of the competition
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Speed to market with DIY configuration & product rollout
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Grow your business with NextGen Business Enablers
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Diversified hosting options with both on-prem and on-cloud
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Modular architecture with ready to use APIs
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Dashboard & widgets
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Pay by usage (Subscription License)
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Internationalization & Localization
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DevSecOps driven release management process