|
Using the Oracle insurance policy administration system's common calculation architecture, Oracle Insurance Illustration delivers consistent results for illustrations, reillustrations, and in-force reprojections. The same system constructs are used to render policy contract and anniversary statement values. The system is compliant with North American Industry Classification System and National Association of Securities Dealers sales and in-force illustration ledgers, and all associated policy values are in standard format for the Agency for Cooperation and Research in Development (or ACORD). Multilingual and multicurrency capabilities are also available for the international markets.
Complemented by Oracle Insurance New Business, Oracle Insurance Illustration helps form the Oracle insurance policy administration system's virtual back office, delivering an application that tightly couples with producer portals to deliver illustrations, quotes, and auto-application entry.
|
