Engage with the Next Generation
Millenials will soon dominate the insurance market. They value freedom, choice, and flexibility. They want products that fit their unique situation, compare offers, and find answers instantly. Oracle's flexible solutions enable your organization to increase efficiency, improve the customer experience, and win over millennials.
One modern platform for group, individual, and annuity
Rethink your business by consolidating policy processes for optimal, long-term efficiency. Scale up or down with rule-based policy administration. Tap into the power of REST APIs to create a digital ecosystem for improved engagement with customers and partners.
Streamline data distribution, consolidation, and sharing
Oracle Insurance Data Exchange is one of the largest integration-as-a-service exchanges that connects insurers with producers, banks, and service providers in real time.
This cloud-based application integrates critical data streams and automates key aspects of the insurance business process, enabling carriers and advisors to improve speed of service and gain greater control over the overall process.
Improve customer insight and regulatory compliance
Gain insight into customer purchasing behavior and product pricing dynamics while staying in compliance. Oracle Insurance Analytics, Reporting, and Integration Repository helps you respond quickly to market conditions. Tight integration with Oracle Insurance Policy Administration allows carriers to access policy data without the risk by extracting production data that can be used by downstream systems.
Transform your customer experience through digital engagement
Empower policyholders with the ability to interact with your content—no matter where they are. Dynamically create, manage, and deliver enterprise communications to customers and stakeholders by print, email, text, social, or any other desired format.
A wellness platform to engage a new generation of customers
As global life insurers race to address rising costs and become relevant to the millennial market, digital engagement jumps to the forefront of key IT initiatives. Oracle Insurance Policy Administration and the dacadoo wellness platform combine to offer life insurance providers an end-to-end digital engagement platform that supports product innovation, accelerates delivery to market, and engages policy holders to improve their wellness—all while reducing back-office complexity and supporting compliance.
Key Strategies to Succeed in Insurance Greenfields
As insurance companies look for new ways to grow revenue, they’re often doing it with generic product offerings. To compete in new markets, insurers must meet consumer expectations with relevant products. That requires a digital transformation. Learn how Oracle empowers insurance organizations to digitally transform core systems and turn data into a strategic asset.
Customer Success Stories
La Capitale Achieved Flexibility by Successfully Converting to a Modern Platform
La Capitale Financial Group
La Capitale is looking forward to working closely with the Oracle team to replace our legacy policy processing systems with more innovative solutions built upon the OIPA technology framework.Francine Hampleman, Principal Director, La Capitale
Fidelity Investment is Using Flexible Business Rules to Develop Complex Annuity Products
Fidelity Investments Life Insurance Company
OIPA has allowed us to shorten our delivery time for new products and product changes. We have also had a greater ability to integrate with other systems and to deliver process efficiencies.James Klauer, Vice President, Client Technology, Fidelity Investments Life Insurance Company
Securian Financial Group Creates New Products Faster and More Efficiently
Securian Financial Group
Our objectives were to be faster to market and be ready to respond to market opportunities. The combination of OIPA and ACORD standards was instrumental in helping us achieve those objectives.Mary Anne Smith, Vice President, Securian Financial
American Fidelity Assurance Is Consolidating All Policy Administration into a Single System
American Fidelity Assurance
Ultimately, Oracle Insurance Policy Administration proved to be the solution that met the insurer’s 6,000+ requirements. Oracle was the clear winner at the end of the day.Diana Bittle, Vice President, Software Solutions, American Fidelity Assurance
Digitize Life and Annuity Insurance to Increase Engagement and Conversion of the Millennial Generation
Gain insight from our perspectives on strategies, operational excellence, digital transformation, and other topics that your organization is facing in a dynamic market.
Consolidate Multiple Lines of Business onto a Single Platform
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Take Advantage of Upsell Opportunities with Modern Policy Administration
Is Policy Administration System Migration Worth the Risk?
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