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Oracle Insurance Data Exchange is revolutionizing data distribution in the insurance industry. Through Oracle Insurance Data Exchange, secure real-time data is exchanged among carriers, agencies, and third parties—enabling straight-through processing.
More than 10 million ACORD XML messages are exchanged per year between agencies and carriers. This exchange is facilitated by Oracle Carrier Data Connection, which dramatically reduces delays, errors, and costs associated with processing life and annuity insurance applications.
For general agencies, the Oracle Insurance General Agent product is an enhanced agency management system that automates business workflow and back-office functions. Oracle Insurance General Agent electronically receives and processes real-time updates for pending cases, commissions, and appointment data—and it sends application upload data directly to carriers through Oracle Insurance Data Exchange.
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