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What is Oracle Insurance Policy Administration ?

Respond to the changing demands of the market by adopting a modern, rules-based life insurance policy administration system that integrates all aspects of new business underwriting, policy issuance, billing, collections, policy processing, and claims management for both Individual Life and Annuities as well as Group Insurance within a single platform. Revolutionize your operational workflow by simplifying policy processes to ensure long-lasting efficiency. With a rules-driven life insurance policy management solution, scaling becomes a seamless task while creating a digital environment that significantly improves customer interactions. You can swiftly design, manage, and launch group insurance products using this versatile, rules-oriented policy administration system. This unified platform for life insurance policy management addresses both individual and group requirements, allowing for the development of hybrid products and fostering interdepartmental cooperation. By leveraging a modular framework that standardizes business protocols, you can boost your adaptability, speed up your market entry, and enhance process automation, ultimately resulting in lower operational costs. Embrace this cutting-edge strategy to keep your insurance products competitive and agile in response to the ever-evolving marketplace. Additionally, this approach ensures that your offerings are not only aligned with current trends but also equipped to anticipate future changes.

What is AURA NEXT?

Forecasting future developments can be quite daunting while remaining attuned to ongoing trends. To excel in the fiercely competitive life insurance sector, it is vital to adopt a strategic underwriting solution that caters to both immediate requirements and prospective obstacles. AURA NEXT transcends the capabilities of a typical rules engine; it functions as a cloud-native decision management platform that is geared for tomorrow. At the sales interface, AURA NEXT provides the most precise and thorough decisions promptly through data-centric underwriting and seamless integration with various front-end and back-end systems. As consumer preferences shift, having flexible and secure underwriting technology becomes essential to remain ready for upcoming demands. Built on the powerful Google Cloud infrastructure, AURA NEXT adeptly handles changing requirements, offers remarkable scalability, and integrates smoothly with established legacy systems while supporting diverse distribution channels. Its data visualization tools provide crucial insights, enabling the extraction of meaningful metrics and key performance indicators that inform strategic operational choices. As a result, organizations that employ AURA NEXT can bolster their competitive advantage and swiftly respond to the dynamic nature of the life insurance industry, ensuring long-term success. Moreover, embracing such innovative solutions will position them favorably amid ongoing market transformations.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Oracle

Date Founded

1977

Company Location

United States

Company Website

www.oracle.com/financial-services/insurance/policy-administration/

Company Facts

Organization Name

Reinsurance Group of America

Company Location

United States

Company Website

www.rgare.com/aura-next

Categories and Features

Insurance Policy

Cancellation Tracking
Claims Tracking
Policy Generation
Policy Issuance
Policy Processing
Quotes / Estimates
Rating Engine
Reinstatement Tracking
Reinsurance Administration
Renewal Management
Underwriting Management

Categories and Features

Insurance Policy

Cancellation Tracking
Claims Tracking
Policy Generation
Policy Issuance
Policy Processing
Quotes / Estimates
Rating Engine
Reinstatement Tracking
Reinsurance Administration
Renewal Management
Underwriting Management

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