Oracle Financial Services: Insurance

Oracle for Insurance

Empowering Business Agility

Simplify IT and innovate to take advantage of changing consumer demands and new markets.

Drive Profitable Growth

Transform Your Insurance Business

Engage a new generation of consumers, deploy new products, expand into new lines, and increase operational efficiency with modern, flexible, rules-based applications for life, group, and health insurers.

Oracle Financial Services Clickable Infographic
96.7

US property and casualty combined ratio

96.7 US property and casualty combined ratio clickable
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5%

Millennials familiar with insurance industry

5% millennials familiar with insurance industry clickable
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5.6 million

Assigned beneficiaries under MSSP

5.6 million assigned beneficiaries under MSSP clickable
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20%

Life insurance growth rate in Latin America

20% life insurance growth rate in Latin America clickable
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Harvard Pilgrim Health Care
Harvard Pilgrim Health Care Simplifies Insurance Claims

In our new environment with Oracle, we're achieving 90-92% auto-adjudication. That means we don't need humans to touch those claims and means those claims are processed more accurately as well, and that's critically important to the member.

— Deborah Norton, CIO, Harvard Pilgrim Health Care
Penn National Insurance
Penn National Insurance Innovates with Oracle

We brought rate changes and new products to market faster. Business analysts could do the work in a shorter time; we’re able to get premium benefits more quickly and reduce expenses.

— Dean E. Kimball, Project Manager, Penn National Insurance

Key Offerings


In the Spotlight

Gartner's Magic Quadrant for Life Insurance Policy Admin

REPORT

Oracle Named a Leader

Oracle placed in the ‘Leaders’ Quadrant’ in the Ability to Execute category.

Building the Healthcare System of the Future

WEBCAST

Implement Modern Systems

Learn how to increase efficiency, improve member experience, and keep costs in check.

Improve Efficiency with Rating Impact Analysis

BLOG

Sustain Profitable Growth

Improve profitability with impact analysis of “what-if” scenarios on your book of business.


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