Monday Sep 21, 2015

Webcast en vivo - Aprovechando las mejores prácticas tecnológicas en el mercado de seguros de vida de América Latina

Regístrese al Webcast hoy. Español | English
7 de Octubre, 2015
1:00 p.m. ET / 10:00 a.m. PT

Gracias a la tendencia consistente de reducción de pobreza, contracción de tasas de desempleo y crecimiento poblacional, el mercado de América Latina se ha convertido en uno de los más atractivos a nivel mundial para seguros de vida, salud y pensiones. Viendo lo atractivo de este mercado, muchas compañías aseguradoras están orientando sus planes de expansión hacia América Latina. Con el incremento de la competencia entre aseguradoras locales e internacionales, se espera que el crecimiento rentable constituya un reto en algún punto en el futuro.

Desafortunadamente, muchos sistemas legados de administración de pólizas carecen de la flexibilidad que les permita adaptarse a la dinámica de cambio constante del mercado. Es esencial entonces, para los aseguradores en mercados emergentes como América Latina, aprovechar las nuevas tecnologías invirtiendo en la modernización de sus sistemas de Administración de Pólizas.

Únase a nosotros en un webcast en vivo donde exploraremos como los aseguradores pueden:

  • Incrementar la eficiencia para mejorar sus servicios, manteniendo los costos bajo control
  • Lanzar nuevos e innovadores productos reduciendo el tiempo de puesta en mercado
  • Sacar provecho de las oportunidades de crecimiento potencial de los productos de vida y pensiones

En este webcast, ilustraremos como FONASA llevó a cabo este recorrido de transformación. FONASA es la entidad financiera encargada de recolectar, administrar y distribuir los fondos del estado destinados a la salud en Chile, proporcionando cobertura desde 1979 a más del 75% de la población chilena. Discutiremos los retos al competir en el mercado usando sistemas legados y las necesidades que los llevaron a adoptar un sistema basado en reglas con el fin de brindar servicios nuevos e innovadores de manera eficiente.

Regístrese al Webcast hoy. Español | English

Live Webcast - Leveraging Best Practices in Technology in the Latin America Life Insurance Market

Register for the webcast today. English | Español
October 7, 2015
1:00 p.m. ET / 10:00 a.m. PT
NOTE: Webcast will be conducted in Spanish.

With the continued long-term trend of reduced poverty, shrinking unemployment rates and population growth, the Latin America market has become one of the most attractive markets in the world for life, health and annuity products.  Because of the attractiveness of the market, many insurers are setting their sights on expanding into the Latin America market. With increasing competition from local players and international insurers, it is expected that growing profitability will be a challenge at some point in the future.

Unfortunately, many legacy policy administration systems are largely inflexible and unable to adapt to constantly changing market dynamics. Leveraging modern technology such as investing in a modern Policy Administration System has become essential for insurers in emerging markets such as Latin America.

Join us for a live webcast where we explore how insurers can:

  • Increase efficiencies to improve service, while controlling costs
  • Improve speed-to-market by launching new and innovative products
  • Take advantage of growth potential for life and annuity products

In this webcast, we will highlight FONASA’s transformation journey. FONASA is the financial entity entrusted to collect, manage and distribute state funds for health in Chile, providing coverage since 1979 to more than 75% of the Chilean population. We will discuss their challenges in competing in the market using legacy systems and how they decided to move to rules-based system in order to deliver new and innovative services faster.

Register for the webcast today. English | Español
NOTE: Webcast will be conducted in Spanish.

Friday Oct 14, 2011

Defining the Rules for Rules-Based Systems

Replacing legacy IT infrastructure with modern, rules-based core systems is a hot topic and is receiving much attention in the industry—just open up a recent insurance technology print or online publication.

One of the carriers I spoke with last week at Oracle OpenWorld said this barrage of information had some within his company questioning what really defines a true, rules-driven policy administration system

Olivier Lafontaine, director of strategy and solutions for EquiSoft, helped to bring some clarity to this topic during his Oracle OpenWorld session, Policy Administration Implementation Levers for Mid-tier Life Insurance Carriers.

Lafontaine explained what distinguishes a rules-driven systemone that has been built from the ground upagainst those that are purported to be such systems (for example, a rules-engine inside a hardcoded system) is its capability to empower a team of business and technical users (actuaries, product managers, rules developers and others) to collaboratively configure transactions that support business process using business rules, without the need to customize or recompile the system’s core code or database structure.

Lafontaine went on to explain that a highly-configurable system that leverages business rules instead of requiring hard-coded customization can provide a carrier with newfound flexibility to:

  • React to market changes faster than the competition

  • Consolidate power in their nicheservice is key to the mid-market

  • Support new products and new distribution channels

  • Reduce operating costs by eliminating redundant tasks, automating transactions over time, and consolidate / optimize user tasks

To find out the more about rules-based policy administration, like Oracle Insurance Policy Administration for Life and Annuity, watch Lafontaine’s session online at Oracle OpenWorld On Demand—along with all keynotes, general and breakout sessions). You can also check out his Oracle OpenWorld interview on the Oracle Insurance YouTube channel along with interviews conducted with Oracle Insurance product strategy and industry leaders to learn more about Oracle’s rules-based, adaptive systems.

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

About

Oracle’s solutions provide the modern, rules-driven flexibility insurers need to support Digital Insurance transformation, simplify their IT environments, and innovate to keep pace with changing demands.

For more information, visit oracle.com/insurance.

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