Oracle for Insurance
Simplify IT and innovate to take advantage of changing consumer demands and new markets.
Digital Transformation for Your Insurance Business.
- Overview
- Solutions
Build the Digital Insurance
Company of the Future
Transform Your Insurance Business
Engage a new generation of consumers, deploy new products, expand into new lines, and increase operational efficiency with modern, flexible, rules-based applications for life, group, and health insurers.
96.7
US property and casualty combined ratio
5%
Millennials familiar with insurance industry
5.6 million
Assigned beneficiaries under MSSP
20%
Life insurance growth rate in Latin America
Build the Digital Insurance Company of the Future
Oracle's flexible solutions help insurers move away from simply keeping the lights on to instead simplifying IT and innovating their businesses to gain a competitive edge in today's digital marketplace.
“Replacing our legacy billing systems with Oracle Revenue Management and Billing allowed us to implement complex products and pricing rules that made our enrollment process easier for our members. Integration to self-service web portals and real-time rate calculators have reduced call volume.”
Delta Dental of California
Harvard Pilgrim Health Care Simplifies Insurance Claims
“In our new environment with Oracle, we're achieving 90-92% auto-adjudication. That means we don't need humans to touch those claims and means those claims are processed more accurately as well, and that's critically important to the member.”
Penn National Insurance Innovates with Oracle
“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.”
Key Offerings
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Oracle Insurance Policy Administration for Life and Annuity
Foster product innovation, deliver service excellence, and drive operational efficiency.
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Oracle Health Insurance Solutions
Flexible solutions for healthcare payers' complex healthcare systems.
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Oracle Documaker Enterprise Edition and Oracle Documaker Mobile
Transform your business with enterprisewide digital insurance capabilities.
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Oracle Insurance Bancassurance Solution
Deliver speed, reliability and consistency throughout the bancassurance process.
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Oracle Insurance Insbridge Enterprise Rating
Deliver competitive pricing while improving speed to market and ease-of-rate maintenance.
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Oracle Insurance Revenue Management and Billing
Optimize customer satisfaction and profitability.
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Oracle Health Insurance Enterprise Rating
Enhance support for health insurance exchanges with a seamless “quote-to-card” experience.
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Oracle Revenue Management and Billing for Healthcare Payers
Provides an adaptive, flexible solution that helps healthcare payers improve operational efficiency.
In the Spotlight
REPORT
Oracle Named a Leader
Oracle placed in the 'Leaders' Quadrant' based on Ability to Execute and Completeness of Vision.
WEBCAST
Implement Modern Systems
Learn how to increase efficiency, improve member experience, and keep costs in check.
BLOG
Bancassurance: The Way Forward and How to Manage It
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