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A highly flexible, adaptive system to support the entire insurance lifecycle.
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.
Oracle placed in the "Leaders' Quadrant" based on Ability to Execute and Completeness of Vision.Read the report
See how consolidating multiple systems on a single platform improves efficiency and brings product to market faster.View the infographic (PDF)
Learn how insurers can win over millennials and become this generation's choice providers.View the ebook
Learn how insurers can meet their goals for growth and profitability by modernizing and transforming their core systems.Watch the video
Learn how progressive transformation enables insurers to use policy administration to achieve enterprise agility.Watch the webcast
This webcast explores how insurers can use policy administration components to achieve enterprise agility while reducing risk.Watch the webcast
Explore how insurers can address the compounding effects of their complex environments and simplify IT.Read the brief
Learn how insurers can gain a competitive advantage by accelerating speed to market for innovative new products.Read the paper
Learn how advances in technology and migration methodologies can significantly reduce risks of core transformation projects.Read the brief
Learn how a highly configurable, rules-driven system can accelerate core system migration.Read the paper
New all digital carriers and a rapidly changing customer base mean carriers face increased competition.Read the blog
Learn about the features and benefits for Group Insurance.Read the data sheet (PDF)
Learn about the features and benefits for Annuities.Read the data sheet (PDF)
Learn about the features and benefits for Life Insurance.Read the data sheet (PDF)
An adaptive, rules-based policy administration system for life insurance and annuities designed to improve speed to market.