Oracle Insurance Policy Administration
Modern, rules-based life insurance policy administration solution.
Overview
Oracle Insurance Policy Administration (OIPA) is a flexible and scalable platform designed to support the entire lifecycle of life, annuity, and health insurance products. It provides a rules-based engine that enables insurers to configure and manage products, processes, and regulations with minimal coding. OIPA is part of Oracle's broader suite of insurance solutions and can be deployed on-premise or in the cloud.
✨ Key Features
- Rules-based product configuration
- End-to-end policy lifecycle management
- Support for individual and group insurance
- Integrated underwriting and claims processing
- Modern, service-oriented architecture
🎯 Key Differentiators
- Highly flexible and powerful rules engine allows for complex product configuration.
- Part of the broader Oracle ecosystem of enterprise software and cloud infrastructure.
- Proven scalability for large, global insurance carriers.
Unique Value: Provides a highly configurable and scalable platform that enables large life and health insurers to manage complex products and operations globally.
🎯 Use Cases (3)
✅ Best For
- Modernizing legacy policy administration systems
- Consolidating multiple lines of business on a single platform
- Improving operational efficiency and reducing costs
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Small insurers looking for a lightweight, out-of-the-box solution
🏆 Alternatives
Its powerful, business-user-friendly rules engine offers deep configuration capabilities without requiring extensive custom code, a key differentiator from some other large enterprise systems.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (Enterprise tier)
🔒 Compliance & Security
💰 Pricing
Free tier: NA
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