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.
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.
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.
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.
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.
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.
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.
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
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
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
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