Oracle Insurance Core Systems Transformation

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Oracle Insurance Policy Administration

A highly flexible, adaptive system to support the entire insurance lifecycle.

 

Policy Administration on a Single Platform

Insurance companies face a number of constraints and one of the biggest constraints is inflexible policy administration systems, which have been built and modified over many years. The lack of flexibility in these systems, the effort required to maintain them, and the difficulty in finding qualified IT staff to support aging technology continue to restrict carriers' ability to be agile and adapt to change.

Oracle believes that insurers should be able to leverage technology to help transform their business. Oracle Insurance Policy Administration provides adaptive, rules-driven systems that let insurance companies be more agile and easily adapt to new market condition. OIPA offers end-to-end processes that support policy issuance, billing, collections, policy processing, and claims covering Individual and Group for Life and Annuity business on a single platform.


Related Resources

  • Gartner's Magic Quadrant for Life Insurance Policy Admin

    Gartner's Magic Quadrant for Life Insurance Policy Admin

    Oracle placed in the "Leaders' Quadrant" based on Ability to Execute and Completeness of Vision.

    Read the report
  • Consolidate on a Single Platform

    Consolidate on a Single Platform

    See how consolidating multiple systems on a single platform improves efficiency and brings product to market faster.

    View the infographic (PDF)
  • Digitizing Insurance from the Inside Out

    Digitizing Insurance from the Inside Out

    Learn how insurers can win over millennials and become this generation's choice providers.

    View the ebook
  • A Modern Platform for Growth and Profitability

    A Modern Platform for Growth and Profitability

    Learn how insurers can meet their goals for growth and profitability by modernizing and transforming their core systems.

    Watch the video
  • A Progressive Approach to Policy Administration

    A Progressive Approach to Policy Administration

    Learn how progressive transformation enables insurers to use policy administration to achieve enterprise agility.

    Watch the webcast
  • Transformation to Digital Insurance

    Transformation to Digital Insurance

    This webcast explores how insurers can use policy administration components to achieve enterprise agility while reducing risk.

    Watch the webcast

Additional Resources and Data Sheets

  • The Case for Consolidation

    The Case for Consolidation

    Explore how insurers can address the compounding effects of their complex environments and simplify IT.

    Read the brief
  • Speeding Insurance Product Development

    Speeding Insurance Product Development

    Learn how insurers can gain a competitive advantage by accelerating speed to market for innovative new products.

    Read the paper
  • Improve Core Transformation ROI

    Improve Core Transformation ROI

    Learn how advances in technology and migration methodologies can significantly reduce risks of core transformation projects.

    Read the brief
  • Harness the Power of Rules-Based Policy Admin

    Harness the Power of Rules-Based Policy Admin

    Learn how a highly configurable, rules-driven system can accelerate core system migration.

    Read the paper
  • Innovate or Perish: Insurance Core Transformation

    Innovate or Perish: Insurance Core Transformation

    New all digital carriers and a rapidly changing customer base mean carriers face increased competition.

    Read the blog
  • Podcast Series: Life and Annuity Platform Consolidation

    Podcast Series: Life and Annuity Platform Consolidation

    Listen to this podcast to learn how your organization can consolidate policy administration systems and simplify IT environment.

    Listen to podcast part 1
  • Oracle Insurance Policy Administration for Group Insurance

    Oracle Insurance Policy Administration for Group Insurance

    Learn about the features and benefits for Group Insurance.

    Read the data sheet (PDF)
  • Oracle Insurance Policy Administration for Annuities

    Oracle Insurance Policy Administration for Annuities

    Learn about the features and benefits for Annuities.

    Read the data sheet (PDF)
  • Oracle Insurance Policy Administration for Life Insurance

    Oracle Insurance Policy Administration for Life Insurance

    Learn about the features and benefits for Life Insurance.

    Read the data sheet (PDF)

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