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Meet changing market demands with a modern, rules-based policy administration system that supports new business underwriting, policy issuance, billing, collections, policy processing, and claims for Individual Life and Annuity and Group Insurance all on a single platform.
Seventh time Oracle has been named a Leader in Gartner’s Magic Quadrant for Life Insurance Policy Administration.
“We believe this report validates our commitment to delivering the capabilities our customers need to innovate and succeed in the market,” said Sonny Singh, EVP and general manager, Oracle Financial Services. Learn why Oracle was named a leader in the 2020 Gartner Magic Quadrant for Life Insurance Policy Administration Systems, North America.
Rethink your business by consolidating policy processes for optimal, long-term efficiency. Scale up or down with rule-based, policy administration solutions to create a digital ecosystem for an improved customer experience.
Rapidly configure, manage, and bring group insurance products to market through a highly flexible, rules-driven policy administration solution.
A single platform for individual & group that creates hybrid products and collaborates across businesses. Increase business agility with a componentized solution that shares business rules to increase speed to market and drives process automation reducing operational costs.
Oracle Insurance Calculation Engine is a rules-based product configuration tool that enables carriers to achieve agile business practices by externalizes rules and calculations across multiple policy administration systems.