No results found

Your search did not match any results.

We suggest you try the following to help find what you’re looking for:

  • Check the spelling of your keyword search.
  • Use synonyms for the keyword you typed, for example, try “application” instead of “software.”
  • Try one of the popular searches shown below.
  • Start a new search.
Trending Questions
 

Life Insurance Solutions

Get to market faster and improve your operations with flexible, rule-based policy administration. Manage new business underwriting, policy issuance, policy processing, billing, collections, and claims—all on a single life insurance system.

A greenfield approach can improve speed to market by up to 75%.

Discover how our customers experience Oracle life insurance innovation

Generali monitors strategic HR KPIs while investing fewer resources in reporting
ClearView delivers on its goals of improving internal operations and being easy to do business with
La Capitale goes paperless across all of its business lines
American Fidelity shares its experience preparing for a new policy administration platform
Nacional de Seguros boosts system performance, ensures data security, and cuts expenses by 50%

Unify underwriting, policy processing, billing, and claims with a configurable life insurance software

Support individual and group administration on the same life insurance system

Eliminate the costs of maintaining multiple policy administration systems. Rapidly configure individual and group insurance products using a common set of business rules and administer them from a single life insurance system.

Explore Policy Administration

Tap into policy data to gain insights about your business

Easily analyze up-to-date policy data through our dashboard or by using your BI tool of choice. Track the health of your books of business and perform what-if scenarios to model the potential impact of strategic changes or unexpected events. Protect the performance and security of your core systems by running analyses from a separate data store, rather than directly from operational systems.

Explore Data Integration and Reporting (PDF)

Exchange data with producers and service providers in real time

Reduce average policy application and issuance times by integrating critical data streams among all stakeholders. Automate key aspects of the application and quote-to-issue process.

Explore Insurance Data Exchange

Accelerate the launch and distribution of new products with Oracle life insurance innovation

Easily integrate with federal and private exchanges to bring new products to market faster. Centralize rating data and eliminate anomalies between quoting engines and policy administration with Oracle life insurance software.

Explore Enterprise Rating

“We wanted a system to provide all of the table-stakes functionality that our customers and businesses required, and we wanted it to be flexible enough to grow with our product mix. Oracle has all the functionality we need.”

Diana Bittle

Vice President and Chief Information Officer, American Fidelity Assurance

Sell, service, and manage compliance with confidence

Sell and service policies on your customers’ channels of choice

Automate processes and deliver tailored policyholder responses while balancing self-service and assisted customer service models. Allow customers to buy insurance and receive service when and where they need it.

Explore Customer Experience Solutions

Comply with the IFRS 17 and LDTI accounting and reporting standards

Meet global regulatory requirements with an approach that incorporates risk assessments as part of your compliance strategy. Link data, models, systems, and processes between actuarial and accounting functions and a review potential risks without the need to build integrations between various point solutions.

Explore IFRS 17 and LDTI Solutions

Manage multiple systems with standalone rules and calculations

Reduce risk and simplify regulatory compliance by centralizing the policy rules that drive calculations used by multiple existing systems for illustrations, new business, and underwriting.

Explore Calculation Engine Solutions (PDF)

Life insurance industry trends toward personalized offerings and product unbundling

Subhajit Pradhan, Principal Sales Consultant, Oracle Financial Services

In recent years, the insurance industry has been finding new ways to simplify. Complex products are prone to low discoverability by distribution channels. There’s a higher chance of customer fatigue in the fulfillment process. It’s hard to build resiliency for product changes and compliance. Increased reliance on digital distribution is also forcing carriers to simplify their offerings and adjust to risk-based atomic selling compared to ‘catch all-risks’ products.

Read the complete post

More from the blog

View all Life Insurance posts

Find resources and more

Cloud learning

Oracle and Equisoft join forces to empower insurance modernization for PAS and cloud infrastructure

Learn how this partnership has helped life insurance carriers transform their legacy systems for more efficiency, visibility, scalability, and better customer data privacy.

Insights and news

Oracle Named a Leader in the 2021 Gartner® Magic Quadrant for Life Insurance Policy Administration Systems, North America

Oracle was cited for a wide internal ecosystem of complementary products and preintegrated services such as risk, finance, and customer experience.

share-knowledge

Digital transformation: Strategies to succeed in insurance for a greenfield approach

Create sustained improvements through true digital transformation for insurance.