Oracle® Insurance Rules Palette
As part of the New Business Underwriting process, OIPA now supports enhanced requirement functionality in order to facilitate the processing of applications for policies.
A sample underwriting guideline was created for the purposes of this prototype. See the Requirements section below for an explanation of each requirement used in the guideline.
Age-Amount | 50,000-99,999 | 100,000-199,999 | 200,000-999,999 | 1,000,000-10,000,000 |
---|---|---|---|---|
18-30 | Non-Medical |
Non-Medical Blood and Urinalysis Motor Vehicle Report Paramed Exam |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report |
Paramed Exam Blood and Urinalysis Motor Vehicle Report Inspection Report APS Report |
31-35 | Non-Medical |
Non-Medical Blood and Urinalysis Motor Vehicle Report Paramed Exam |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report |
Paramed Exam Blood and Urinalysis Motor Vehicle Report Inspection Report APS Report |
36-45 | Non-Medical |
Non-Medical Blood and Urinalysis Motor Vehicle Report Paramed Exam |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report |
Paramed Exam Blood and Urinalysis Motor Vehicle Report Inspection Report APS Report |
46-55 | Non-Medical |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report EKG Exam |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report EKG Exam Inspection Report |
56-60 |
Non-Medical APS Report |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report EKG Exam |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report EKG Exam Inspection Report |
61-65 |
Non-Medical APS Report |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report EKG Exam |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report EKG Exam Inspection Report |
66-70 |
Non-Medical APS Report |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report EKG Exam |
Paramed Exam Blood and Urinalysis Motor Vehicle Report APS Report EKG Exam Inspection Report |
The following Policy-Client requirements were configured in Primary Company 1, a subsidiary company to the Holding Company, in order to demonstrate this new functionality.
The following transactions were configured in the NBU Term Life Plan, belonging to Primary Company 1, to demonstrate this new functionality:
APS Report
Motor Vehicle Report
Inspection Report
Blood and Urinalysis
Missing Drivers License Information
Illustration Details
MIB Inquiry
Missing MIB Authorization
Prescription Verification
Aviation Questionaire
Travel Questionaire
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