Oracle Insurance Insbridge Rating and Underwriting

Oracle Insurance Insbridge Rating and Underwriting is an adaptive, enterprise solution for product management, premium calculation & underwriting rules management. The application is the single point of rating truth, which allows insurers to respond quickly to market changes, effectively manage the lifecycle of a policy, and meet regulatory requirements.

Oracle Insurance Insbridge provides next-level business user empowerment to further ease insurance rate development and maintenance from a single system. Actuaries, product managers, underwriters, and business analysts can create, test, and deploy complex rating, rules and underwriting logic without programming expertise.

An easy-to-use user interface allows simple navigation to recently opened programs, access to what other users are working on, and unique Web 2.0 features, such as RSS feeds and links to social media, which promote collaboration and communication

Because it is compatible with all major operating systems and databases, Oracle Insurance Insbridge provides the utmost flexibility with existing technology investments. Oracle Insurance Insbridge leverages SOA and Web Services integrations with core systems, such as policy administration systems, Web portals, and CRM systems, to effectively harness the full value of technology investments. These integrations support a seamless policy lifecycle and improve accuracy of quotes and rates. Additionally, through SoftRater Native, Oracle Insurance Insbridge allows rating in unique scenarios such as offline and mobile environments.

The Oracle Insurance Insbridge system is completely self-documenting for complete audiability of rate changes and system modifications. Additionally, versioning facilitates the management of multiple product versions to support various channels, effective dates, and other criteria. Users have the unique ability to custom label these versions to best meet the needs of the company.

• Rules-based and designed specifically for business users to build and execute rating logic
• Web-based, built on service-oriented architecture, allowing easy integration to other systems such as policy administration and agent Web portals, as well as third-party callouts such as motor vehicle reports and credit scoring
• Intuitive user interface includes home page dashboard, tabbed authoring environment, Web 2.0 collaboration features and improved usability with multi-task management
• Ability to handle any line of business from a single platform, enabling you to manage your entire book of business from one location
• Custom-built and industry templates help ensure that standards are supported throughout the organization, as well as promoting accuracy and reducing time to market with new rating programs.
• Supports versioning of products, which reduces time in creating new products as well as adherence to compliance regulations