Agile insurance carrier - What the carrier has to look like? Glenn Lottering Senior Director, EMEA Insurance Product Strategy and Sales Consulting.
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Agile insurance carrier - What the carrier has to look like? Glenn Lottering Senior Director, EMEA Insurance Product Strategy and Sales Consulting
The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.
About Oracle Insurance Dedicated Insurance team End-to-end Insurance solutions Sales and service Administration and claims Financials and Human Capital Management Enterprise infrastructure Deep Insurance domain expertise 20 of the top 20 Fortune 500 insurers use Oracle applications
Market forces at play Regulatory Demographic Technology Competitors Risk Landscape Major market forces at play Shareholders Rating Agencies
Revenue and Margin Pressure Insurance Market Dynamics Market Pressure Management and Regulatory Requirements
Responding to Market Dynamics Deploying an adaptive insurance enterprise Market Pressure Manage your business effectively, transparently, and securely Management and Regulatory Requirements Effective Business Management Rapid Deployment Consistent Service Revenue and Margin Pressure
Insurance Industry Imperatives Outpace Competitors in Delivering Product Expand and optimize Distribution Channels Ensure Channel Compliance Streamline Policy Consolidate for process efficiency Telling the same story every day, every way Be transparent Manage performance every day Manage risk in all things Effective Business Management Rapid Deployment Consistent Service
The Adaptive Enterprise Sense/Respond Cycle Insurance Business Data Mastery Business Intelligence
Oracle Insurance Adaptive System An adaptive approach to software innovation – Rules-based applications – Extensible data structures – Configurable content – Commitment to SOA, Web services and industry standards – Flexible and reliable technology foundation
Oracle Insurance Adaptive Application Architecture for Policy Lifecycle Management Leads Opportunities Prospects Sales Process Policy Regulatory Transactions Bill Plan Bill History Collections Incidents Adjudication Rules Reserves Illustrations Rates / Quotes Templates Bundles Illustrations Policy Administration System Premium Billing Claims Insurance CRM Rating UW Desktop Oracle Master Data Management UW Case Mgmt. Assets, Reserves, Fees Oracle Enterprise Service Bus / BPM Product Def. Product Updates Adjustments Billing / Rates Contact / Account Opportunity BI & Data Warehouse 3 rd Party & Legacy Financials & Consolidation s Document Automation Coverage Customer Operational BI Performance Solvency II/Risk
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