Supports the entire bancassurance lifecycle, from selling insurance products and connecting banks with insurance carriers in real time to managing the back end processes such as commissions reconciliation.
Oracle offers a complete, modern Bancassurance Platform that banks can leverage to drive growth, speed and compliance throughout the Bancassurance process.
The bank/agent feature enables personal advisors to find up-to-date product literature and presentations from different insurers to assist in the sales, quote, and application process.
Carrier/bank interfacing component connects banks with insurance carriers in real time through the Oracle Insurance Data Exchange.
The core bancassurance platform enables banks to create a single source of policy information inside the bank.