Rationalize portfolios and make them simpler to manage
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Identify product clusters to eliminate redundancies and increase the ease of doing business
Product Optimization is a service that insurers with multiple legacy products, variants and product duplication leverage to lower spiraling maintenance and servicing overheads. Wipro’s product optimization framework for insurance assesses the current product portfolio and pulls out homogenous clusters. The “families” of products created through this process become simpler to administer. Wipro helps drive process optimization initiatives for global clients to eliminate redundant products, simplify the IT systems required to manage the rationalized product landscape and lower the IT costs for implementation.
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