Monday Mar 09, 2015

Join Us in Washington, DC this Month for Oracle Industry Connect

The impact of digital disruption is being felt across the insurance industry. Success is predicated on a strong "digital-first" strategy that uses social, mobile, and data to be relevant to consumers. For many insurers the answer lies in a progressive transformation for both the customer engagement process and the underlying systems with customer-centric processes and industrial-strength core components.

Join us for Oracle Industry Connect, an exclusive event taking place March 25–26, 2015 in Washington DC. The Financial Services and Insurance Program delivers unparalleled insight, critical analysis, and clarity to help reshape the financial services and insurance business and technology landscape. This program includes discussions on the impact of transformation efforts across the enterprise, addressing customer experience, product processing, compliance, and risk and finance.

You’ll have a unique opportunity to join your industry peers for in-depth discussions on trends, challenges and opportunities facing insurers today. Here are some reasons you won’t want to miss this event:

  • A Different Kind of Event: Highlighting current industry challenges and opportunities as well as the role of technology in fostering business transformation. The content is discussed and presented through real life customer successes. Our goal is to create a close community of industry visionaries.
  • A Dynamic List of Guest Speakers: Dr. Condoleezza Rice and author Warren Berger headline a group of expert speakers who share their insights on how to innovate and lead within and across industries.
  • Keynote by Industry Leader: Alice Rivlin, Former Vice Chair, Federal Reserve Board and Senior Fellow, The Brookings Institution.
  • Dedicated Sessions for Banks, Insurers and Healthcare Payers: Industry leaders will provide insight on the impact of transformation and modernization efforts and how to become more operationally efficient and gain an edge in an increasingly competitive landscape.
  • Financial Services and Insurance Demonstrations: Solution experts will demonstrate Oracle’s latest applications for core banking and insurance operations as well as compliance, risk, and customer analytics.
  • Oracle Financial Services and Insurance Industry Reception: Join us at the House of Sweden and enjoy panoramic views of the Potomac River. This will be a great opportunity to network with your industry peers and Oracle executives.

Confirm your participation by completing your registration today.

We look forward to seeing you in Washington, DC.

Don’t forget to keep up with Oracle Insurance year-round:

Monday Mar 10, 2014

Join Us in Boston this Month for Oracle Industry Connect

The global insurance industry is undergoing unprecedented change driven by an uncertain economic outlook, increased regulation, and changing consumer needs. In the midst of this volatility, Oracle’s customers and partners are achieving transformational growth and we want to share their insights with you.

Join us for Oracle Industry Connect, a premier conference designed to promote innovation and transformation through open and provocative discussion within the Life, Property & Casualty and Health Insurance communities. The event will take place March 25-26, 2014 in Boston and features sessions where you can talk to the leaders from the carriers who are embracing innovation. Hear from the carriers themselves about how the Oracle Insurance is helping them streamline their business and technology operations.

You’ll also have a unique opportunity to join your industry peers for in-depth discussions on trends, challenges and opportunities facing insurers today. Reasons to attend include:

  • A Different Kind of Event: Highlighting current industry challenges and opportunities as well as the role of technology in fostering business transformation. The content is discussed and presented through real life customer successes. Our goal is to create a close community of industry visionaries.
  • Content Relevant to the Current Business Environment: This year’s theme is “Time to Transform.” We will explore investments in different functional areas and present multiple approaches to IT investments covering both Business Transformation and IT Transformation.
  • Keynotes by Insurance Industry Leaders and Executives: Hear Celent CEO Craig Weber deliver the insurance program keynote and attend best practices sessions by executives from ING, HPHC, NCB, TIAA CREF, VGZ, Wellpoint and many others.
  • Over 25 Sessions: Focused on Insurers and Healthcare Payers: Insurance and healthcare leaders will discuss the impact of transformation and modernization efforts and how insurers can position themselves to achieve operational efficiency and cost reductions for competitive advantage. Review the full agenda.
  • Breakouts on Special Topics for Deeper Insight: Given the disruptive potential of the Affordable Care Act, we provide insight into technologies that can help leverage this regulation for growth.
  • Customer Appreciation Night: Join us for an electric evening of world-class entertainment, food, and drink at the legendary House of Blues. We are thrilled to present American pop-punk band the Gin Blossoms and the soulful Jermaine Paul.

Don’t forget to keep up with Oracle Insurance year-round:

Thursday May 30, 2013

Join Oracle Insurance at IASA 2013

Knowledge.Innovation@Work.

This is the theme for the 2013 IASA Annual Education Conference and Business Show that begins Sunday, June 2nd at the Gaylord National Resort & Convention Center in National Harbor, Maryland (Washington, DC area).  Oracle Insurance will be there connecting with industry friends including customers, partners, and fellow vendors.

With the uncertainty in the global insurance market caused by the global financial crisis, rapidly evolving technologies, as well as shifts in customer preferences, insurers realize that big changes are necessary in order to face today’s market dynamics as well as take advantage of opportunities to innovate and gain a competitive edge. Oracle invites you to stop by Booth #817 at the IASA Annual Educational Conference and Business Show to learn how its flexible solutions can help insurers navigate the change necessary to meet today’s challenges and have the business agility to be prepared for the future.  Oracle Insurance solutions represented include:

  • Rating and Distribution Management
  • Billing and Financial Management
  • Communications and Document Automation
  • Analytics Applications

Additionally, be sure to attend these Oracle Insurance Vendor Connect Tours during IASA:

  • Financial Software & Systems (#888)
    Monday, June 3, 9:50 a.m. – 10:50 a.m.
  • Rating, Product Definition & Configuration Tools (#986)
    Monday, June 3, 11:00 a.m. – 12:00 p.m.

We look forward to seeing you next week at IASA!

Don’t forget to keep up with us year-round:

Friday Sep 16, 2011

Core Systems Modernization: Still a Top IT Priority for Insurers in Coming Decade?

Carrie Burns, editor of Insurance Networking News , wrote an interesting article this week highlighting Celent’s new report, “Reviving the Insurance Core Systems Business Case.”

 In “Core Systems Modernization a Concern for the Next Decade,” Burns notes that insurance technology experts have been discussing core systems modernization for the past decade—and based on Celent's research serious legacy modernization and transformation “will continue to be on insurers’ priority lists for the next decade.”

According to the article, the move towards action is a result of “more than just lack of functionality in legacy systems or the inability to quickly bring about organic growth by developing new products and markets. Difficulties in hiring qualified IT staff with the necessary skills to support legacy platforms are real, and most insurers expect this issue to get worse. Ultimately, Celent says, the business case for legacy modernization should support incremental improvements, which are realized as hard benefits, but also enable the strategic flexibility that will allow insurers to compete more effectively. 

“Some insurers know this and are moving forward, converting to modern approaches and languages, bringing new functionality online and enabling quick product introductions and organic growth.” Click here to read the full article. 

You also can learn more about how insurance carriers are modernizing their IT infrastructures with Oracle’s policy administration, revenue management and billing and other adaptive insurance solutions to better support their business during Oracle OpenWorld next month in San Francisco, Calif.  

The insurers I’ve spoken with who are already registered are looking forward to several key insurance-track sessions.  This includes the insurance keynote session “Make Your Next Move Count:  Priorities and Choices in Insurance Management” featuring Shohreh Abedi, CIO of Farmers Insurance, and Christopher Eberly, Distributor Services, Head of IT for ING.  Both will be joined for what promises to be a compelling and lively panel discussion by James Dewaker, Cognizant, and Oracle Insurance executives Don Russo and Chuck Johnston.  Click here to learn more or register for Oracle OpenWorld. 

Helen Pitts is senior product marketing manager for Oracle Insurance's life and annuities solutions.

 

 

 

 

 

 

 

 

 

 

 

 

 

Monday Sep 12, 2011

Building the Business Case for Policy Administration Replacement

Proof-of-Concept Done Right: Mitigating the Risk of Policy Administration System Migrations

How can insurers build an effective business case for policy administration system replacement? Insurance & Technology magazine recently asked a virtual roundtable of insurance industry experts, including Denise Smieja, Securian Financial Group, and Roger Soppe, Oracle Insurance, to weigh in on this hot topic and share recommended best practices for success.

In discussing Securian Financial Group’s successful policy administration transformation project, Smieja explained that the carrier’s business goals for new product development focused on flexibility and the ability to rapidly develop innovative, market-standard products—capabilities that were lacking in Securian’s previous legacy system.

“One of the critical changes we wanted was a consistent release cycle for new products,” noted Smieja in the article. “We struggled to introduce one product per year—we needed to improve that and be able to quickly launch new products, enhancements and regulatory changes. We are now committed to four product releases (either new products or enhancements) annually.”

Smieja also advised carriers to gather input from various disciplines across the company, including IT, actuarial, new business and in-force administration, when embarking on a request for proposal process. Important factors for consideration when evaluating a policy administration system include usability, technical fit with the corporate infrastructure, and configurability to support unique business rules and processes.

You can learn more about the best practices discussed by Smieja by reading Securian Financial Group Supports Innovation. You also can read the full article in last month’s print edition of Insurance & Technology.

Highlights of the best practices offered by Soppe will be covered in an upcoming Oracle Insurance Blog.

Helen Pitts is senior product marketing manager for Oracle Insurance's life and annuities solutions.

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Oracle's flexible solutions can help insurers navigate the change necessary to meet today’s challenges and have the business agility to be prepared for the future.

For more information, visit oracle.com/insurance.

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