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.
US property and casualty combined ratio
Millennials familiar with insurance industry
Assigned beneficiaries under MSSP
Life insurance growth rate in Latin America
Oracle's flexible solutions help insurers move away from simply keeping the lights on to instead simplifying IT and innovating their businesses to gain a competitive edge in today's digital marketplace.
“Replacing our legacy billing systems with Oracle Revenue Management and Billing allowed us to implement complex products and pricing rules that made our enrollment process easier for our members. Integration to self-service web portals and real-time rate calculators have reduced call volume.”
“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.”
“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.”
Foster product innovation, deliver service excellence, and drive operational efficiency.
Flexible solutions for healthcare payers' complex healthcare systems.
Transform your business with enterprisewide digital insurance capabilities.
Deliver speed, reliability and consistency throughout the bancassurance process.
Deliver competitive pricing while improving speed to market and ease-of-rate maintenance.
Optimize customer satisfaction and profitability.
Enhance support for health insurance exchanges with a seamless “quote-to-card” experience.
Provides an adaptive, flexible solution that helps healthcare payers improve operational efficiency.
Oracle placed in the 'Leaders' Quadrant' based on Ability to Execute and Completeness of Vision.
The Oracle/Equisoft solution acknowledged by Aite as having the most advanced analytical capabilities among all vendors reviewed.