Oracle Insurance Policy Administration for Life and Annuity

Consolidate Any Type of Business in One Modern Platform

Simplify your systems with a modern, rules-based policy administration system that supports policy issuance, billing, collections, policy processing, and claims covering Individual and Group for Life and Annuity business on a single platform.

  • Oracle Insurance Policy Administration for Life and Annuity helps insurers transform their business by consolidating multiple policy systems on a single platform.

  • Oracle Insurance Policy Administration for Life and Annuity helps accelerate product development and speed time to market.

 

Solid Foundation for Your Digital Transformation

Solid Foundation for Your Digital Transformation

  • Engage your customers and sales channels with real-time access to policy data for more efficient customer sales and service experiences
  • Automation for straight-through processing around new business and underwriting
  • Support your distribution channels with simplified products

Modern Platform to Grow Your Business

Modern Platform to Grow Your Business

  • Transform your business with a modern platform built on web technology and based on industry standards
  • Leverage a single system to support multiple lines of business and allow a single view of all clients for total risk exposure and administrative support
  • Improve operational efficiency throughout the policy lifecycle and reduce total cost of ownership

Flexibility to Bring Your Product to Market Faster

Flexibility to Bring Your Product to Market Faster

  • Bring new products to market faster through collaborative product development
  • Increase speed to market by leveraging business rules for product updates
  • Accelerate new product development through reuse of rules and templates

Faster Claims Processing to Improve Your Customer Service

Faster Claims Processing to Improve Your Customer Service

  • Provides full lifecycle claims management, supporting both group and individual products
  • Delivers quick and accurate claims processing
  • Simplify the claims handling experience, improve loss ratios and customer service levels, and decrease loss adjusting expenses

Analytics to Improve Your Business Decision Making

Analytics to Improve Your Business Decision Making

  • Prebuilt dashboards reduce implementation times and enable rapid creation of company-specific insight
  • Aggregate policy and claims data for an end-to-end analysis and improved visibility
  • Insight into compliance and operations to help mitigate business risks

Differentiated Experience for Your Customers

Differentiated Experience for Your Customers

  • Prebuilt web application enhances customer experience
  • Centralized policy management capabilities enable omnichannel experience
  • Use of customer policies' insight to design and improve customer experience

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