Insurers are well-versed in the benefits of industry standards: faster time to market, improved data quality and accuracy when implementing new products, and easier systems integration. The challenge is to leverage standards for speed and accuracy, yet quickly customize, adapt, and maintain these standards to maintain a competitive edge.
ISO or other content standards provide 80 percent of information in rating product, but there’s a 20-percent gap that the carrier has to build. Sometimes that 20-percent gap takes up 80 percent of the time.
Learn how adaptive technologies can help you maintain rating content standards and quickly create custom deviations. You can benefit from speed to market up front and still ensure that your product offering is unique and differentiated from the competition.
Find Your Own Standard: Streamlining Rating Content Management
Speaker: Kyle Abel, Product Strategist, Oracle Insurance
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Oracle Insurance: Transforming the Insurance Enterprise
Oracle believes that insurers should be able to leverage technology to help transform their business. Oracle Insurance provides adaptive, rules-driven systems that let insurance companies easily change business processes as their business needs change. This positions insurers to readily respond to dynamic market conditions and take advantage of new opportunities as they arise.
For more information on Oracle Insurance, please visit oracle.com/insurance, contact us by e mail at firstname.lastname@example.org or call 1.800.735.6620 to speak to an Oracle Insurance representative.