Products and product lines
A product is an insurance product, such as personal auto or commercial package, that an insurance company offers for sale to its customers. A product sale results in a policy. A product line, sometimes referred to as line, is contained in a product. Multiline products contain one or more product lines.
The APD App product may have been created from a mind map or created directly in Advanced Product Designer App. In Advanced Product Designer App, you can view, modify, and enhance the product.
Fields on product page
in the left sidebar. The page displays these buttons at the top:| Button | Description |
|---|---|
| Change Edition | Change to another edition. |
| Add Product Line | Add a product line. Enabled if no product lines are defined for this product. |
| Edit Product | Edit this product. |
About this edition
| Field | Description |
|---|---|
| Edition | The name of the current edition. |
| Description | A description of the edition. |
| Active | |
| Effective |
The date that changes in the edition become effective. A change remains in effect until a change in a later edition supersedes it. The Base edition has no effective date. |
| Jurisdictions | Lists the jurisdictions in this edition. |
About Product
| Field | Description |
|---|---|
| Product Name | Name of the product. |
| Product Description | Description of the product. |
| Account Type | Specify the type of account that can take out policies for this product:
This affects which product are listed for a new submission. |
| Currencies |
Specify the level of support for multiple currencies. Values are:
|
| Activated | |
| Creator | |
| Last Edition Active |
Product line Details tab
To view product line details, select 
in the left sidebar. appears underneath .
| Button | Description |
|---|---|
| Add Child Object | Select:
|
| Edit Product | Edit details for this product line. |
About Product Line
When creating a new product line or editing an existing product line, you can edit and add line details in the Element Details tab.
| Line Name | The name of the product line. |
| Line Identifier |
A unique identifier for the new product line. For example, use SmBus for a Small Business product line. See Labels on product and product line. |
| Line Prefix | A unique 3-character code for the product line. See Labels on product and product line. |
| Line Description | Description of the product line. |
| Currencies |
Specify the level of support for multiple currencies. Values are:
|
| Product Line Type |
Defines the coverage types as well as where those coverages apply (policy or risk object covering single or multiple risks, for example) that will be available for the defined product line. |
| Event Aware | Application Events are a Guidewire Cloud capability that simplify integrations. Application Events allow downstream systems to subscribe to business events without coding. Choose Yes to generate a product line that is compatible with Application Events. If you choose No, then Application Events cannot be used with this product line. |
Configuring the default transaction settings for an edition
When you create a new policy transaction such as a policy change, cancellation with rewrite, cancellation with reinstatement, or renewal, you must specify whether to use the stored product edition or the latest product edition. The edition of a product that is used to create a policy is called the stored edition. It is possible that later editions are created after the policy is created, and that one or more of these editions is still in effect.
- Use Stored Product Edition For Policy Change: Yes
- Use Stored Product Edition For Renewal: No, always use the latest edition.
- Use Stored Product Edition For Reinstatement: Yes
- Use Stored Product Edition For Rewrite: No, always use the latest edition.
Elements
From this part of the page, you can access Attributes, Coverages, Conditions, and Exclusions.