Oracle Information InDepth



Stay Connected:

Oracle on Twitter Oracle on Facebook Oracle on Youtube    Oracle on Twitter Oracle on Facebook Oracle on LinkedIn Oracle on Youtube Oracle Blog

October 2012




Back to the main page

New Release of Oracle Insurance Policy Administration Helps Insurers Position Themselves for Growth

Oracle recently introduced Oracle Insurance Policy Administration for Life and Annuity 9.5 to support the rapidly changing global insurance environment around life, annuity, and retirement products.

The latest release of Oracle’s core policy administration solution includes market-driven enhancements that help speed new product introduction, foster product innovation, reduce policyholder servicing costs, and boost employee productivity.

The need for flexible, rules-driven core systems is growing in importance, industry analysts say. “Within the past year, conversations with life insurers and policy administration vendors indicate that insurers are increasingly moving toward positioning themselves for growth,” according to Steven Leigh, principal research analyst, Gartner. “This adds pressure to the already strong reasons for policy administration purchasing…. Many of these growth plans require new products, new distribution channel relationships and services, new underwriting models, and new customer service functions, fundamentally increasing the demand for new policy administration solutions.”1

Foster Innovation
The latest version of Oracle Insurance Policy Administration for Life and Annuity is designed to accelerate configuration for index fund products and benefit split processing, which helps insurers bring new products to market faster. It also offers broader support for complex life and annuities products, including fund allocation models.

In addition, the application now offers the ability to mirror existing plans and then rapidly modify them to jumpstart new product development. This helps insurers to accelerate product configuration.

Enhanced policy overview screens, advanced tool tips, and access to policy data with fewer clicks also make it easier for employees to work faster and more productively, which leads to improved customer service levels.

Get more details aboutOracle Insurance Policy Administration for Life and Annuity.

1.“MarketScope for North American Life Insurance Policy Administration Vendors,” Gartner, June 2012.

Back to Top

Please send questions or comments to

This document is provided for information purposes only, and the contents hereof are subject to change without notice. This document is not warranted to be error-free, nor is it subject to any other warranties or conditions, whether expressed orally or implied in law, including implied warranties and conditions of merchantability or fitness for a particular purpose. We specifically disclaim any liability with respect to this document, and no contractual obligations are formed either directly or indirectly by this document. This document may not be reproduced or transmitted in any form or by any means, electronic or mechanical, for any purpose, without our prior written permission.

Hardware and Software, Engineered to Work Together

Copyright © 2012, Oracle and/or its affiliates.
All rights reserved.

Contact Us | Legal Notices and Terms of Use | Privacy Statement


Oracle Corporation - Worldwide Headquarters, 500 Oracle Parkway, OPL - E-mail Services, Redwood Shores, CA 94065, United States

Your privacy is important to us. You can login to your account to update your e-mail subscriptions or you can opt-out of all Oracle Marketing e-mails at any time.

Please note that opting-out of Marketing communications does not affect your receipt of important business communications related to your current relationship with Oracle such as Security Updates, Event Registration notices, Account Management and Support/Service communications.