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Why do 20 of the top 20 insurance companies run Oracle applications?
Oracle knows insurance technology inside and out. Oracle applications help you achieve excellence at every level—from your core business of rating, underwriting, and policy life cycle management, to customer communications, sales, and agent channels, as well as financials, governance, compliance, and enterprise performance management. Whether used together as a comprehensive suite, or as best-in-breed components, Oracle applications offer everything you need for an agile, globally competitive insurance enterprise.
Introducing Oracle Insurance
Oracle Insurance provides a complete and modern insurance software solution, from infrastructure to core insurance processing. Supporting more than 2,000 insurers globally and growing, Oracle Insurance offers end-to-end solutions encompassing sales, service, insurance administration, financials, and more. Oracle Insurance enables business transformation by helping you get new products to market faster and improving overall operational efficiencies.
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- Provides an industry-specific offering for managing the entire insurance enterprise: sales, service, administration, financials and enterprise infrastructure.
- Offers end-to-end policy lifecycle management—including the most comprehensive policy administration and rating and underwriting systems, as well as customer communications management and distribution management—using modern, rules-based technology to enable rapid product deployment and extreme market agility.
- Delivers best-in-class insurance business applications that can be implemented as components or as a broader suite.
- Provides the largest agent/broker data exchange for life and annuities.
- Offers a fully integrated, end-to-end insurance claims solution for the life, property and casualty, and public sectors, with all the tools a claims operation requires—coverage and reserve management, reserve estimation, ISO integration, subrogation, fraud detection, and case management, along with embedded rules and analytics engines.
- Solves the most complex insurance billing problems through intelligent bill reconciliation and rules-based bill management and regulated arrears processing.
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