Best practices in product development.* Effective insurance product development requires a best practices approach, including using good metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. and bringing together the many groups in the company that are involved in getting new products to market. * Bringing new products to market quickly is an important competitive advantage. * Companies have to assess their current product-development technology against leading industry models and make necessary updates. * Companies should externalize externalize see exteriorize. the product-design environment away from the core systems technology. |
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