Insurance

WHY ORACLE

ORACLE LEADERSHIP

With market conditions changing faster than ever, insurers are recognizing that constant transformation has become the norm. To successfully compete, they must be able to respond to market opportunity; service customers effectively and efficiently; and drive performance and compliance.

Meet the Challenge with Oracle Insurance

Oracle helps insurers optimize their business through advanced technology and adaptive systems that enable flexible, end-to-end business processes. Oracle's flexible, rules-based insurance applications are built upon a core of extensible business content that can be readily adapted to meet insurers' ever-changing needs, and our complete portfolio of Sun servers, storage, and software are engineered to work together to deliver record-breaking performance, simplified management, and cost-saving efficiencies.

Oracle Insurance adaptive systems use an open-architected, reliable foundation that demonstrates a commitment to Web-services, openness, and industry standards. This adaptive approach lets insurers clear a path to performance so that they can respond to the opportunity in front of them, outpace competitors, and optimize their business results.

  • 20 of the top 20 insurance companies run Oracle applications
  • Oracle is the only provider of a complete, end-to-end insurance enterprise solution—from hardware, to middleware and platform applications, to best-in-class components—with powerful functionality for distribution management, core insurance processing, business intelligence, corporate support, and core technology
  • Modern, rules-based technology enables rapid product deployment and extreme market agility
  • With Oracle Insurance applications, customers have:
    • Achieved up to 80 percent straight-through processing
    • Reduced policy assembly time by as much as 80 percent
    • Improved service levels by as much as 40 percent
    • Realized ROI in as few as 12 months

KEY PRODUCTS FOR INSURANCE

ORACLE INDUSTRY SOLUTIONS FOR INSURANCE

Oracle industry solutions leverage our best-in-class portfolio of products to address complex business processes relevant to your industry. These solutions enable you to speed time to market, reduce costs, and gain a competitive edge.

ONLY ORACLE OFFERS SIGNIFICANT BENEFITS

Business Drivers Oracle Enables You to With These Products
Respond to market opportunity
  • Rapidly deploy new products and new channels
  • Implement complete, end-to-end business processes that can be rapidly deployed internally and to distribution partners and customers
Service customers efficiently and cost-effectively
  • Introduce defined processes and information that meets service requirements at the lowest cost
  • Leverage common insurance data and end-to-end service processes
Meet management and regulatory requirements
  • Implement defined processes
  • Gain a transparent and complete view of the business
  • Easily configure process controls, providing access to all of the data necessary for a complete view of the business
  • Meet analytical and reporting requirements

Oracle's Business Analytics Strategy