It offers best-practice rule forms and administrative tools for maintaining product configurations in the context of business rule and business process management applications.
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This leads to reduction in manual steps, improvements in core processes and gain in competitive advantage. Pega process-based integration technology helps organizations model and automate business process workflows and integrate them with applications, systems and partners.
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The common problem for it is if any changes occur in those rules then it would be complex to resolve it.2) Rating Rules: Rating is a method to use for generation of quick proposal, qualified proposal, and full proposals (New Business) which includes capture of the all relevant information to issue a valid proposal. If any mistake in either of them then it was very painful for them to track it.A part from these it has the following common problems.1) Underwriting Rules: As insurance depends on underwriting and the underwriters, there are certain rules which have to be followed while issuing the policy. It was a time consuming process for each premium calculation.3) Quote /Bind/ Book Process: Once the Premium got calculated then they were generating the Quote, Bind and Book documents manually. In that spreadsheet they put the business logic and generate the premium. In a Leading Insurance Provider there was no automation for the following business processes to generate the insurance policy for a customer.1) Questionnaire Process: They did manually to get the questions and answers from the customer for his/her policy.2) Premium Calculation Process: It had done manually by using the spreadsheets.