Business and enterprise agility can determine an insurance carrier's ability to compete and differentiate in a dynamic marketplace. Facing ever-changing market demands, life insurance and annuity carriers must continue to adapt their product portfolios-and business processes-as regulations, competitors, and consumer needs change. Carriers are looking for flexibility and the ability to replicate and reuse business rules and product configuration and calculations across business processes including illustrations, new business, commissions and policy administration.
In this webcast, learn how carriers can use modern rules technology and common rules architecture to transform the way they do business including:
Sharing a single set of rules and product calculations across multiple business areas and systems
Innovating on business processes that cross traditional functional areas
Reducing the complexity of their IT ecosystem to reduce risk and optimize performance through common rules architecture
Implementing highly configurable, rules-driven policy administration systems to align policy lifecycle processes with their business transformation strategy
Hear how La Capitale, Oracle and EquiSoft are addressing these industry challenges with software built around a common rules architecture.
A Single Source of Truth: Using a Single Rules Engine to Solve Life Insurance Challenges That Span Multiple Business Areas Tuesday, February 5, 2013 2:00 PM EST / 11:00 AM PST
Kate Fowler Senior Directory, Product Strategy Oracle Insurance
Kate is product strategy director for Oracle Insurance Policy Administration for Life and Annuity. Fowler has more than 15 years of experience in product strategy, product development, and actuarial support roles at leading technology and insurance companies, giving her unique insight into both the business and technical aspects of the industry. She joined Oracle following the company's acquisition of AdminServer in 2008, and previously served as Director of Actuarial Systems for Phoenix Life Insurance Company. Fowler has been published in various insurance publications on the topic of policy administration for life insurance and annuities. She has earned a bachelor's degree in mathematics, computer science, and education, as well as a master of science degree in computer science and a master of business administration degree.
Florence Shubbah Director, Business Process Configuration EquiSoft
Florence Sabbah is Director of the Business Process Configuration team at Equisoft. Florence has over 14 years of experience in the Insurance & IT field during which she has lent her expertise and support to leading insurance companies. Overseeing all business processes that are implemented through configuration by Equisoft, whether they apply to Policy Administration, Illustration, or Electronic Applications, Florence’s expertise covers the full life cycle of an insurance policy. Florence holds a Bachelor of Science degree from the Université de Montréal, where she double majored in Mathematics and Computer Science.
Join us on Tuesday, February 5th for a live webcast.
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Core Systems Modernization: Harnessing the Power of Rules-Based Policy Administration
Carriers seeking to transform their business and modernize policy administration should consider the benefits of a modern rules-based system, like Oracle Insurance Policy Administration. The combination of the system's powerful rules-based configurability and templates can provide a carrier with a realistic starting point for its transformation project-helping to reduce risk. It also provides carriers with:
Capability to adapt and change processes as business needs change, developing new rules while using models as examples of process implementation
Flexibility to integrate other systems when pre-existing integration mechanisms exist, while providing reference message models when they do not
Enables carriers to rethink the way that they currently do business and refine processes for optimal efficiency over the long term, while helping them derive greater time to value with an accelerated initial phase of development comparable to an "out of the box" implementation.