About Oracle Insurance Policy Administration (OIPA)
Oracle Insurance Policy Administration is a modern rules-based life and annuity policy administration platform enabling insurers to manage underwriting, policy issuance, billing, collections, claims processing, analytics, and lifecycle operations on a single configurable system designed to accelerate product innovation.
Oracle Insurance Policy Administration (OIPA) Details
Vendor
Oracle
Year Launched
1977
Location
233 S Wacker Dr, Chicago, IL 60606, US
Deployment
cloud, web browser
Training Options
Countries Served
All Countries
Languages
English, Spanish, French, German, Italian, Portuguese, Dutch, Chinese, Japanese, Korean
Users
Policy Administrator, Insurance Operations Manager, Claims Manager, Insurance Product Manager, Insurance Underwriter
Industries Served
Insurance, Financial Services, Group Insurance, Annuity Insurance, Life Insurance
Tags
Insurance Policy, Oracle, Policy Administration, OIPA, Insurance Policy Administration, Life Insurance Software, Annuity Insurance Platform
Oracle Insurance Policy Administration (OIPA)'s In-App Market Place
Does Oracle Insurance Policy Administration (OIPA) have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
Mini Apps
Pricing Options
Free trial
Free version
Request a quote
Promo Offer
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), CHF (Fr), CNY (¥), SEK (kr), NOK (kr), DKK (kr)
Pros & Cons
- Supports full insurance lifecycle management across life annuity and group products.
- Advanced calculation engine enables complex policy computations and reusable rule definitions.
- Integrated analytics dashboards provide actionable insights into policies claims and risks.
- Rules based architecture simplifies insurance product configuration without coding requirements.
- Training may be required for business users unfamiliar with rules based systems.
- Customization complexity may require experienced Oracle consultants and technical specialists.
- Implementation may require significant planning integration and enterprise IT resources.
- Licensing and deployment costs may be expensive for smaller insurance organizations.