MajescoMastek has released STG Product Modeler Version 5.0, a product configuration engine that can be used with MajescoMastek’s STG Policy Administration or any third-party policy administration platform.

MajescoMastek has also become an associate of the ISO Electronic Rating Content program, providing integrated ISO-based business rules, loss costs and forms logic to the STG Product Modeler Version 5.0 solution. ISO is a member of the Verisk Insurance Solutions insurance group at Verisk Analytics.

According to MajescoMastek, STG Product Modeler clients now have the ability to manage ongoing updates on their own, or outsource such maintenance to MajescoMastek. Other enhancements made available in STG Product Modeler 5.0 include Product Harvester; a Testing Workbench; an Interface Modeler; rating updates; and an ability to create state-specific rate filing from product definitions.

The solution also ships with pre-loaded templates (ISO and proprietary), which according to MajescoMastek, is designed to allow business users to create and manage content.

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