Oracle Insurance Policy Administration System V11.0

Introduction

Oracle Insurance Policy Administration (OIPA) for Life and Annuity is a highly-flexible, rules-based policy administration solution that supports policy issue, billing, collections, policy processing, and claims in a single system. Leading insurance companies worldwide use Oracle Insurance Policy Administration for Life and Annuity to accelerate product development and reduce time to market, improve operational efficiency through centralized policy management and record keeping, and better service their customers and sales channels. The technologically advanced, but easy-to-use system provides the agility and flexibility insurers need to remain competitive through the rapid roll-out of simple to highly complex insurance products.

Overview

  • Flexible, rules-based configuration speeds creation and launch of products
  • User-friendly visual configuration tool simplifies debugging
  • Product cloning promotes reuse of rules and decreases development time
  • Powerful calculation engine and integrated debugger tool
  • Transaction-level testing improves accuracy and supports quality assurance

Benefits

  • Leverage a single system for improved efficiency and lower TCO
  • Bring new products to market faster through collaborative development
  • Configure changes without customization or recompiling system's core code
  • Increase product development flexibility
  • Support compliance through a detailed audit trail

OIPA Release Notes

This document describes the enhancement to existing functionality and the new features incorporated into the OIPA Application for the 11.0 release.

Rules Palette Release Notes

This document describes the enhancement to existing functionality and the new features incorporated into the Rules Palette for the 11.0 release.

V10 vs V11 Comparison Document

This help system contains information on the features and use of the OIPA application.

Backward Compatibility

This document explains features and configuration changes in this release that will present compatibility issues when upgrading from past releases. Instructions to fix these issues are included.

OIPA Licensing

This document includes licensing and copyright information for third-party products included with Oracle Insurance Policy Administration and Rules Palette for release 11.0