Wednesday Jul 03, 2013

New Business Now Available in Oracle Insurance Policy Administration for Life and Annuity

Oracle Insurance is excited to announce release 9.7 of Oracle Insurance Policy Administration for Life and Annuity. In addition to showcasing support of client upgrades, release 9.7 streamlines the New Business application process from application receipt through approval with capability to integrate with external providers. Its unique requirement engine can automatically manage requirement ordering and receiving, approve simple cases and summarize data for underwriter and case manager review.  In addition, Oracle Insurance Policy Administration release 9.7 allows companies to:

  • Share a common rules engine between Policy Administration and New Business
  • Leverage ACORD industry standards
  • Provide direct benefits to customers that include decreased Underwriting time and cost, ensuring Underwriting consistency, minimizing the invasiveness of Underwriting, providing customers the ability to enter a new channel / market and enabling Straight-Through-Processing

Oracle Insurance Policy Administration for Life and Annuity is Oracle’s next-generation, flexible, rules-based insurance solution for life and annuities that supports policy processing across multiple lines of business...

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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 mor information, visit oracle.com/insurance.

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