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INNORULES (CEO Kim Kil-Kon), a business rule engine (BRE) company, announced on the 23rd that it had completed the construction of a product factory system for Shinhan Life Insurance.

Shinhan Life Insurance will not only shorten the period required to develop new products but also support rapid business activities by applying INNORULES' product factory system, which will increase business productivity.

In addition, BRE has been applied to most tasks such as new contracts, sales management, payment, variable insurance, and loans to integrate and manage complex insurance logic. It is expected to reduce costs as maintenance is easy.

INNORULES explained that the company had proven its products' functionality and stability through the Mirae Asset Life Insurance project in the first half of the year and the successful establishment of Shinhan Life Insurance's product factory system.