FJA’s Product Machine coupled with FJA’s consulting services can accelerate your IAA project and demonstrate real value to the business immediately. By utilizing the Product Machine it is possible to enable immediate implementation of IAA based marketable products reducing the cost and risk to your investment while increasing the value that your business realizes from IAA.

Of critical importance to an IAA based policy administration system is the ability to analyze and model your company’s products. The Product Machine provides a proven, team based graphical modeling environment to establish IAA Insurance Products, populate the specification framework, and execute product and business rules over the Enterprise Service Bus.

There are two fundamental characteristics of FJA’s Product Machine that make it ideally suited for an IAA based policy administration project.

1. FJA’s Product Machine is designed to be configured by you to support evolving requirements over time.
   
   FJA’s Product Machine is based on Meta-Object Facility (MOF). This means that you can independently configure the Product Machine to model according to any standard, including IAA’s product modeling standard. Better still this means that any deviations or extensions required by your business to IAA’s approach can easily be supported by your own administrator performing basic configuration activities to the Product Machine.
   
    
2. FJA’s Product Machine has both a Java API as well as an XML API so that it can easily integrate into any IAA based policy administration system.
   
   The Product Machine can seamlessly integrate with your IAA based Policy Administration System in a number of ways. Product specifications are exported as XML that can be transformed into IAA XML or any other format that your system needs. Financial Services Components, Contract & Specification Components, or the Generic Agreement Component can invoke the Java API to consume product specifications and can execute product and business rules..
   
    

White Paper: Accelerate IAA with the FJA Product Machine