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Gain Deep Customer Insights And Empower Your Modernization Journey.
Life Insurance companies today may be asking themselves how do we meet the market demand and be customer focused? Discover how Oracle can help you drive innovation with a flexible, rule-based policy administration solution including new business underwriting, policy issuance, policy processing, billing, collections, and claims all on a single platform. We offer solutions for Individual and Group Life and Annuity Insurance that reduces operational costs, has deep customer insights, and quickly adapts to changing business needs.
Engage all Generations with a customer experience that enables freedom, choice, and flexibility. Oracle’s Insurance Solution enables rapid configuration, straight-through processing, speed to market, and deep customer insights. Explore how Digital Transformation will enable your organization to increase efficiency, reduce operating costs, and improve the customer experience.
Find out why Oracle was named a Leader for the seventh time 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. (PDF)
Rapidly configure, manage, and bring group insurance products to market through a highly flexible, rules-driven policy administration solution.
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. (PDF)
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. (PDF)
Oracle Insurance and a partner platform combine to offer life insurance providers an end-to-end digital engagement platform that supports product innovation, accelerates time to market, and engages policy holders to improve their wellness.
The analytics, reporting, and integration repository helps you respond quickly to market conditions and access policy data without extracting production data being used downstream. (PDF)
Simplify with a modern, rules-based policy administration system that supports new business underwriting, policy issuance, policy processing, billing, collections, and claims covering Individual and Group Insurance, all on a single platform.
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
Discover a successful way to start your modernization journey.
Learn to develop an effective and efficient RFI/RFP process.
Learn to pivot from information gathering to confirming the vendor you will eventually work with can actually deliver on their promises.
IFRS 17 mandates a radical departure from current accounting standards. It gives investors and stakeholders a realistic view of a carrier’s risk exposure, profitability, and financial status. As you prepare strategies to achieve compliance quickly and efficiently, choose an approach that accurately incorporates risk into the decision-making process. Oracle empowers you with extensive data-centric business insights to drive profitability.