---
sourceDocument: Xanadu Financial Services Operations
sourceDocumentLink: https://www.servicenow.com/docs/r/xanadu/financial-services-operations

 Release :

    - xanadu

ft:locale :

    - en-US

ft:publication_title :

    - Xanadu Financial Services Operations

ft:clusterId :

    - finso

bundleId :

    - finso

workflow :

    - Customer and Industry


---

# Create an insurance product model

# Create an insurance product model {#ariaid-title1}

* Release version: Xanadu
* 
* Updated October 9, 2024
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Create an insurance product model for an insurance policy that is sold to a customer by using the Insurance claims application. The insurance product model defines the product type, which customers that the policy is for, and the coverage specifications.

## Before you begin

Role required: admin

## Procedure

1. Navigate to AllSystem DefinitionTables.
2. In the Label column, search for either the personal insurance model or the commercial insurance model.

   | Option | Description |
   | Personal insurance model | Search for and select Personal lines insurance product model. |
   | Commercial insurance model | Search for and select Commercial lines insurance product model. |
   |-|-|

   {#creating-an-insurance-product-model__choicetable_hsn_gnv_2dc}
3. On the Columns tab, in the Label column, search for and select Service Type.
4. Set the application scope in your instance to Expanded Model and Asset Classes.
5. On the Choices tab, select New.
6. On the form, fill in the fields.  
   {#creating-an-insurance-product-model__table_zsq_24v_2dc__entry__2}

   | Field | Description |
   |-|-|
   | Table | Table for either a personal insurance model or a commercial insurance model. You can select personal insurance model for a personal lines insurance product or commercial insurance model for a commercial lines insurance product, |
   | Label | Display name of the product insurance model. |
   | Value | Name of the product insurance model in snake case. |
   [Table 1. Choice form]

   {#creating-an-insurance-product-model__table_zsq_24v_2dc}
7. Select one of the following insurance models to navigate to.

   | Insurance model | Navigation |
   | Personal insurance model | Navigate to AllFinancial Services OperationsProductsPersonal Insurance Models. |
   | Commercial insurance model | Navigate to AllFinancial Services OperationsProductsCommercial Insurance Models. |
   |-|-|

   {#creating-an-insurance-product-model__choicetable_u5g_kyx_fdc}
8. Select New.
9. On the form, fill in the fields.  
   {#creating-an-insurance-product-model__table_wgt_tpv_2dc__entry__2}

   | Field | Description |
   |-|-|
   | Name | Name of the insurance product model. |
   | Product code | Unique identification code for this insurance product. |
   | Product type | Insurance product type that you created earlier in this procedure. |
   | Specification | Coverage Specification. For more information, see [Coverage specification](https://www.servicenow.com/docs/jR5dq3Voa3B3KwshRIBVIw "Learn how an insurance policy defines the specific protections or risk coverages for your customers by using the Insurance claims application."). |
   | Short description | Brief description of this product model. |
   [Table 2. Personal or Commercial lines insurance product model form]

   {#creating-an-insurance-product-model__table_wgt_tpv_2dc}
10. Select Submit.

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