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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 NIS?

For over twenty years, NIS has led the charge in offering state-of-the-art technology solutions designed explicitly for the travel, health, and expatriate insurance industries. Our extensive global clientele and partners trust our software products, which effectively address every segment of the insurance value chain. Regardless of whether you are a budding startup or an established enterprise, our versatile solutions can be customized to suit the unique needs of your organization through our sophisticated configuration tools. We focus on providing insurance for individuals and families both prior to, during, and following their journeys, while also assisting working professionals and their families as they navigate life abroad. Additionally, our services encompass coverage for health-related issues and treatments that range from x-rays and examinations to preventive care and an array of dental services. We also extend safeguards for personal well-being in case of incapacitation due to health issues or injuries and offer group insurance options for employees or organizational members. With an unwavering dedication to innovation and client satisfaction, we are committed to continuously improving the insurance experience for our clientele, ensuring they receive the best possible service and support. Our goal is to empower our clients with the knowledge and resources they need to confidently manage their insurance needs, regardless of their circumstances.

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

NIS

Date Founded

1996

Company Location

Denmark

Company Website

www.nisportal.com

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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