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What is INSILLION?

Insillion is a Pay-as-you-Grow, cloud-native insurance platform that enables carriers, MGAs, MGUs, and Program Administrators to rapidly develop, distribute, automate, and manage insurance products and operations across multiple lines of business. Powered by InFlow by Insillion, its integrated AI-powered process automation platform, Insillion streamlines underwriting, policy administration, and insurance workflows while enabling carriers to modernize without replacing their existing core systems. Platform Highlights Rapid Product Innovation: Launch new insurance products and delegated underwriting programs in weeks using low-code/no-code configuration. Policy Administration: Manage the complete policy lifecycle, from product configuration and quoting to underwriting, policy issuance, endorsements, renewals, cancellations, and servicing, through a single unified platform. Configurable Underwriting: Accelerate underwriting with configurable rules, delegated authority support, straight-through processing, referral workflows, authority limits, and seamless integration with internal and external data sources. AI-Powered Submission & Claims FNOL Automation: Automate submission intake and claims FNOL using AI-powered workflow automation and intelligent task routing with InFlow by Insillion. Built for Digital Distribution: Support brokers, wholesalers, retail agents, embedded insurance, bancassurance, affinity partners, digital marketplaces, white-label partners, and API-based distribution from a single platform. API-First Cloud Platform: Built on a cloud-native, scalable microservices architecture, Insillion provides open APIs that integrate seamlessly with PAS, CRM, claims systems, document management systems (DMS), payment gateways, and TPAs. Insillion helps insurers modernize operations, accelerate time-to-market, improve operational efficiency, and scale insurance products and programs on a flexible, cloud-native platform.

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.

Media

Media

Integrations Supported

Microsoft Excel

Integrations Supported

Microsoft Excel

API Availability

Has API

API Availability

Has API

Pricing Information

$999/month
Pricing for insurance carriers and complex MGA implementations is tailored to each organization's business and implementation requirements. Please contact the GoDB Tech sales team/Insillion for a customized quote.
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

GoDB Tech

Date Founded

2000

Company Location

United States, India and Dubai

Company Website

www.insillion.com

Company Facts

Organization Name

Oracle

Date Founded

1977

Company Location

United States

Company Website

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

Categories and Features

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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