OracleInsuranceCoreApplicationsfortheInsurance.pdfVIP

Oracle Insurance: Core Applications for the Insurance Industry Speed new products to market, provide consistent and superior customer service, and manage your insurance business more effectively with Oracle Insurance solutions. Legacy insurance systems can’t keep up with the fast-moving markets you face today. Oracle Insurance software coupled with Sun hardware delivers end-to-end solutions that help you transform the insurance enterprise. Insurers are under tremendous pressure to grow revenues, and to preserve or even increase margins by keeping a tight lid on costs. To achieve this, they face three main challenges. First, customers are demanding increasingly complex, and increasingly segmented, products, and there’s a race to bring innovations to them. Secondly, insurance products and investments must perform well in financial markets—markets that have been extraordinarily volatile in recent years. Finally, insurers have to deal with ever-heavier compliance burdens due to regula- tions such as the Sarbanes-Oxley (SOX) Model Audit Rule in the United States and the Solvency II mandate in Europe. And more compliance pressure comes from senior corporate managers, who want access to accurate, up-to-the-minute information about company operations and finances to gain better control over enterprise performance. Oracle is committed to helping insurers successfully address each of these challenges. By assembling a dedicated insurance team with deep domain expertise, we have made—and continue to make—strategic investments in solutions specifically designed for the insurance industry. Oracle offers the most comprehensive set of end-to-end insurance solutions on the market today, supporting the complete insurance lifecycle. Oracle helps you do everything— from speeding development of new products to improving sales and streamlining policy issuance, administration, and claims processing. With Oracle, insurers can respond to market n