Insurance

Why Oracle

• Insurers are bound by 20th-century technologies that force them to conform to outdated business models
• To rapidly deploy new products and expand into new lines of business, insurers need modern, flexible core systems
• Insurers must improve customer service with seamless, multi-channel communications, billing and sales tools
• To improve performance and ensure compliance, insurers need effective, transparent analytics
• Oracle technologies provide the modern, rules-driven flexibility insurers need to transform the way they do business
• Oracle helps insurers innovate to keep pace with ever-changing markets, simplify their IT environments and transform the business into a 21st-century model

Oracle in the Insurance Industry

• Oracle's advanced technology and flexible, rules-based insurance applications help insurers optimise their business
• A secure, open architecture delivers both reliability and flexibility
• Oracle's complete portfolio of Sun servers, storage, and software are engineered to work together to deliver record-breaking performance, simplified management, and cost-saving efficiencies
• With Oracle Insurance applications, customers have achieved up to 80% straight-through processing and reduced policy assembly time by as much as 80%
• Oracle insurance customers have improved service levels by as much as 40% and realised ROI in as little as 12 months
• 49 of the 50 top insurance companies get better results with Oracle

More about Oracle Financial Services

Oracle for Financial Services delivers a powerful combination of technology and comprehensive, pre-integrated business applications, including key functionality built specifically for banking, insurance and capital markets.