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Accelerate Insurance Digital Transformation
Take advantage of a digital insurance platform with flexible, rule-based applications for life, health, and property and casualty insurers that help enhance revenue growth, increase operational efficiency, reduce costs, and improve customer experience.
Leverage a Digital First Strategy for Your Insurance Business
Is your legacy insurance management system an obstacle to business growth?
Switch to a modern, flexible, and rule-based insurance policy administration solution that adapts to your changing business needs and fosters growth.
Is your organization able to reduce operational and administration costs?
The Oracle Core Insurance System enables healthcare payers to transform operations to increase automation, improve market response, and create a competitive advantage by leveraging a modern, rule-based digital insurance platform for health insurance.
Are you ready for the real-time demands of millennial consumers?
Engage a new generation of consumers by delivering an omnichannel customer experience that is supported by modern customer communications management (CCM) and comprehensive insurance rate and quote capabilities.
Is your organization prepared for the new levels of financial transparency required by IFRS 17 and LDTI?
Insurance companies and other institutions that issue insurance contracts find themselves on the threshold of a new era of financial transparency as they prepare to implement new accounting standards. These requirements—which affect insurers and financial institutions around the globe—will fundamentally change the way insurers manage, measure, and report business results.
Are information silos keeping you from gaining insight into your customers?
Modernize and automate your operations with Oracle's bancassurance solution. It supports the entire lifecycle—from selling insurance products and connecting banks with insurance carriers to managing back-end processes.
Build the Digital Insurance Company of the Future
Oracle's digital insurance platform helps insurers move away from simply keeping the lights on to simplifying IT and innovating their businesses to gain a competitive edge in today's digital marketplace.
Customer Success Stories
Harvard Pilgrim Health Care Increased Its Auto Adjudication Rate to 92 Percent and Reduced Claims Costs
Harvard Pilgrim Healthcare
“In our new environment with Oracle, we're achieving 90–92 percent auto adjudication. That means we don't need humans to touch those claims and those claims are processed more accurately.”Deborah Norton, CIO and SVP of IT and Operations, Harvard Pilgrim HealthCare
Farmers Insurance Drives Agents' Sales with Siebel CRM
Farmers Insurance
“We did not make it a technology piece. We said this is a business need, and what does the business want. We’re looking forward to the opportunity the CRM tool is going to provide us into the future.”Partha Srinivasa, Vice President, Farmers Insurance Group, Inc.
Penn National Insurance Brings Rate Changes and New Products to Market Faster
Penn National Insurance
“We brought rate changes and new products to market faster. Business analysts could do the work in a shorter time. We’re able to get premium benefits more quickly and reduce expenses.”Bill Jenkins, CIO, Penn National
Church Pension Group Improves Enterprise Communications with Oracle Documaker
Church Pension Group
“By matching all of our business functionality needs against the capabilities of Oracle Documaker, and comparing them to the other vendors, Oracle Documaker really became the clear winner.”Denise Blankinship, VP, Information and Data Support, Church Pension Group
Insurance Blogs and Thought Leadership
Embrace the Transformation to Digital Health
As the landscape for health insurers continues to change, how will companies ensure care is improving while reducing the costs associated with that care? With the Oracle core insurance system, health insurers can transform to digital health and achieve these benefits:
- Reduce manual business processes
- Improve business agility and cost efficiency
- Increase automation and free up resources
In The Spotlight
Oracle Named a Leader in the Gartner Magic Quadrant for Life Insurance Systems
Find out why Oracle was named a Leader for the sixth time in the 2020 Gartner Magic Quadrant for Life Insurance Policy Administration Systems, North America.
Oracle/Equisoft Solution Achieves Top Ranking in Aite Group Report
The Aite Group describes the Oracle/Equisoft solution as having the most advanced analytical capabilities among all vendors reviewed.
Technology as a Transformative Force for Healthcare Payers
This three-part podcast series explores new and emerging business models. Discover how you can develop a digital transformation strategy to compete more effectively.