Oracle Insurance Bancassurance Solution

Modern Platform for Bancassurance

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.


Benefits

Benefits

  • Delivers speed, reliability and consistency throughout the bancassurance process
  • Connects banks with insurance carriers in real time to achieve full straight-through processing
  • Reduces policy issuance timelines
  • Creates better connectivity between banks and insurers to improve information sharing
  • Improves back-end processes with automatic policy and commission reconciliation
  • Provides policy system of record for better analytics and improved customer service


Get Started