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 Jun 10, 2011

2011 IASA Show Wrap Up

The spring 2011 trade show season is winding down, and what better way to spend it than in Nashville, TN?  I attended the IASA Educational Conference and Business Show this past week. It was another great opportunity for Oracle Insurance to connect with industry friends including customers, partners, and fellow vendors.  

This show in particular sees a high amount of accounting- and financially-focused attendees. It was a great opportunity to talk about our billing offering as well as how Oracle Insurance Insight works with Oracle Business Intelligence Enterprise Edition to expose information from financials to insurance operations.

Oracle Insurance had a couple of newsworthy announcements. First, Oracle Insurance Insbridge announced the availability of version 4.5, which enables international usage.  Check out the news here. Also, a new release of Oracle Insurance Revenue Management and Billing was announced. See it here.

Being in Nashville, it was only appropriate that Vanderbilt alum, Al Gore, gave Monday's keynote speech.  On Tuesday, the keynote was presented by Afterburner, Inc., a team of elite military professionals that are experts in helping teams pursue Flawless Execution. they  introduced us to their Flawless Execution Model that is a proven process used by elite military professionals around the world to execute missions when the stakes are high and failure is not an option.

And what completes a country-inspired trade show better than a closing party with Clint Black? He delivered one-of-a-kind music with some good ol' boy storytelling. IASA guests were entertained for the evening.

Clint Black performs at IASA

Wednesday May 25, 2011

2011 ACORD LOMA Insurance Systems Forum Wrap-Up

Wow, another ACORD LOMA Insurance Systems Forum is now behind us and San Diego proved to be a popular host city for this year’s conference. I believe it has been about 10 years since I last attended the conference in this wonderful sunny location!  The annual event continues to offer an excellent forum to network with insurance industry peers, learn from technology vendors, and hear about current trends from Insurance Analyst Firms.       

This year’s event began on Sunday with numerous Pre-Forum activities and the Opening Vendor Reception that evening and concluded with a great closing party aboard the retired Navy aircraft carrier USS Midway on Tuesday evening.

During the opening General Session on Monday morning, I was entertained listening to Biz Stone, Co-Founder of Twitter.  Biz provided a unique perspective of how Twitter was created and the role of social media in our culture. He also stressed his ideas of creativity, why we needed to be emotionally involved and discussed the triumph of humanity over technology.

I was impressed with the “list of assumptions” he personally asks all new Twitter employees to make including – “We can change the world, build a business and have fun” and “The only deal worth doing is a win-win deal”.  The assumptions were all great ideas that can serve us well in both our personal and business settings.

The program sessions offered on Monday and Tuesday covered a wide range of industry topics.   I focused on attending the Life and Annuity Sessions that provided a wealth of information from industry experts and were focused on several key themes including Data, BI & Analytics, New Business Underwriting & Straight through Processing and core Policy Administration.    

As a Platinum sponsor for this year’s conference, Oracle was very active in this year’s event including our involvement in the ACORD LOMA Solution Provider Advisory Committee.  We also demonstrated our continued support for industry standards during ACORD's first Plug and Play Tooling Jamboree held on Sunday. The Jamboree provided both carrier and vendors the opportunity to test their implementations of ACORD's Life & Annuity Standard and Plug and Play Technology.  

During the conference, Oracle also announced the results of a groundbreaking policy administration benchmark that included a mix of 100 million life & annuity policies and more than 2,000 concurrent users.  The impressive results are the largest known benchmark of its kind in the insurance industry. It included a data set containing five years of financial history, totaling nearly 30 terabytes of data.

I found this year’s event rewarding for both its program content and the ability to extend and renew the many relationships I’ve developed over the past 20+ years in our industry.  I look forward to next year’s ACORD LOMA Forum in Orlando May 15-17, 2012 and participation in next month’s IASA Annual Educational Conference and Business Show June 5-8 in Nashville, TN.    

Roger A.Soppe, CLU, LUTCF, is the Senior Director of Insurance Strategy, Oracle Insurance.

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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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