Shared product or your own engine
Mostly standard forms? A shared product will usually serve you better. We will say so on the first call.
Why one engine per client
Your rules are the setup
Built from your wordings and house rules.
What you know stays
Entities, programs and counterparties are held once.
Changes by the builders
The engineers who built it change it.
Side by side
| Question | Shared product | Firm-owned engine (WYEA) |
|---|---|---|
| Who it is built for | Everyone who buys it | One insurer, from its own wordings and deals |
| Mostly standard forms | Usually the better buy | More than you need |
| Manuscript wordings, multi-entity paper, programs across carriers | Where the product's settings allow | What the engine is built around |
| A change you need | Waits on the vendor's roadmap | Made by the engineers who built it |
| Time to start | Often days | A prototype on your documents, then the build |
| Investment | Usually per seat, lower to start | Builds from $30,000, then from $7,500 a month |
| Your documents | Ask whether content trains a model | One system per insurer. Never trains a model |
| Certifications for vendor review | Often SOC 2 or ISO 27001 | SOC 2 and ISO 27001. Vendor review |
| Who answers when it breaks | The vendor's support team | The engineers who wrote it |
A shared product fits better when
- Your documents are mostly standard forms
- You need something running this month
- A per-seat price matters more than fit
Your own engine fits better when
- Your wordings are manuscript or heavily endorsed
- The same deal is papered on several entities' forms
- Your programs run across several carriers
- Your house rules are what make your book different
Before you choose
When is a shared product the better choice?
When your documents are mostly standard forms, you need it running this month, or a per-seat price matters more. We will say so on the first call.
Can we start with a shared product and move later?
Yes. Your documents stay in your own document system either way. Ask any vendor how you would take your history with you.
What is the investment in a firm-owned engine?
Builds from $30,000. Then from $7,500 a month, with hosting, support and model usage included. Multi-entity groups are scoped as a fixed investment after the prototype. The investment in detail
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