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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 Intellimin?

Intellimin is an innovative insurtech platform powered by the cloud, specifically crafted for policy administration, which aids life and health insurance companies in streamlining and managing the entire policy lifecycle, ranging from application and underwriting processes to billing, claims management, and self-service options for customers. This comprehensive solution provides a cohesive system that allows both advisors and clients to complete applications, issue policies through automated underwriting and rule checks, and effectively manage modifications, payments, updates, and claims, all while ensuring complete transparency regarding policy history and communications in a single interface. Its multifaceted features include policy management, product development for the creation and ongoing support of insurance offerings, automated billing and financial oversight, commission management, group administration, and the organization of workflows and activities. All these aspects are designed to reduce manual efforts and accelerate service delivery, while also maintaining compliance with regulatory requirements. Additionally, the flexible design of Intellimin accommodates complex product offerings and a range of distribution channels, making it an essential tool for insurance companies eager to improve their operational productivity. With such capabilities, Intellimin positions itself as a game-changer in the insurtech landscape, empowering organizations to adapt swiftly to changing market demands.

Media

Media

Integrations Supported

Integrations Supported

DXC Cloud
Microsoft 365
Oracle Cloud Infrastructure

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Online 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

Intellimin

Company Location

Australia

Company Website

www.intellimin.com

Categories and Features

Insurance Policy

Policy Processing

Categories and Features

Insurance

Not specified

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