Oracle Insurance Insight

Oracle Insurance Insight is the only application providing end-to-end hardware-to-software support for a complete insurance-specific data warehouse and business intelligence solution. The comprehensive solution optimizes large data volumes at insurance companies and provides an adaptive business intelligence solution for operational, regulatory, and financial transparency in an insurance company. The system empowers business users to configure data structures and make actionable, agile decisions without heavy reliance on IT.

Oracle Insurance Insight offers business users a configurable data model through the warehouse palette. This adaptive configuration allows business users to speed time to analytics. Additionally, because the data model configuration is handled by business users, lengthy delays and inaccuracies from IT are avoided.

Oracle Insurance Insight also provides pre-built, insurance-specific content and interfaces to speed warehouse line-of-business creation. The systems come with standard lines of business pre-built and pre-configured out of the box, but also allows for creation of any property and casualty (P&C) line of business from scratch.

Business needs change. Oracle Insurance Insight is flexible and easy to adapt to your business needs. Oracle Insurance Insight introduces a business-user-driven warehouse palette that helps insurers define product risk items and line-of-business attributes as dimensions and empowers business users to define risk items as they relate to a line of business and publish that to a definition engine. The definition engine creates the implementation interfaces, table structures, extract-transform-load (ETL), and dimensions/data marts that would normally take months to define, create, and test.

By leveraging the power of Oracle Business Intelligence Enterprise Edition, insurers can gain more visibility into their insurance operations and make actionable decisions. As a single source of aggregated policy and claims data, Oracle Insurance Insight provides a complete history of all transactions. It allows policy and claims data to be analyzed together, providing a complete picture of insurance operations. This answers such questions as “How much in claims is my top producer generating?” It also provides a comprehensive view of your data sliced however you need it - by product, customer, channel, geography, and/or line of business.

• Leverages Oracle BI technologies to optimize performance
• Oracle Business Intelligence Enterprise Edition—Provides a complete view of the business by line of business or overall enterprise performance
• Oracle Database 11g—Provides a robust database platform and enables data warehouse tuning and management
• Oracle Exadata—In conjunction with Oracle Database 11g, further optimizes data profiling and quality
• Oracle Data Integrator—Provides extract, transform, and load (ETL) capabilities along with data profiling and quality
• Provides business user-configurable data model
• Aggregates policy and claims data together through a relational data model
• Automates warehouse creation and reduces implementation time with pre-built ETL
• Provides international support with multi-language and multi-currency capabilities
• Supports all P&C and General Insurance lines of business