Conceptualizing products
You conceptualize your product in an XMind mind map. When the mind map has reached a level of stability, you continue conceptualization by importing the product into Advanced Product Designer App.
- Conceptualize in mind map
- The most common way to conceptualize a product is by creating a mind map that captures the product requirements. Building your own mind maps is useful when creating products from scratch. You can also download premade mind maps from Guidewire GO Marketplace.
- Conceptualize in Advanced Product Designer App
- If you don’t want to create a mind map, you can conceptualize products directly in Advanced Product Designer App. Manually add product details and change the product as necessary.
- Upload a template
- You can export a product as an XML template. You can also find premade templates on Guidewire GO Marketplace to accelerate the process of building products. Upload a template into Advanced Product Designer App to continue conceptualizing a product.
Mono-line and multi-line products
An insurance product consists of one or more product lines, such as general liability and commercial property.
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A product that consists of only one line is called a mono-line product.
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A product that consists of more than one line is called a multi-line product.
The product line in a mono-line product can be attached to one or more multi-line products. For example, if you represent a business, you can buy a general liability product that includes only the general liability line and a commercial property product that includes only the commercial property line. Or, you can buy a commercial package product that includes both the general liability and commercial property lines. As another example, an insurer can sell multiple products, each of which includes the same lines. A product can be targeted to a particular type of customer, such as a restaurant, hotel, or university.
Editions
You can use product editions to change a product after it has gone into production. Typically, products start out with only the Base edition. Create additional editions if there is a filing or other business reason to change the product. By creating new editions, you can iteratively conceptualize and implement changes to products.
See also