Glossary
Agency
An Agency is any form of business that intends to transact insurance business with the Insurers who subscribe to use the Oracle Insurance Cloud (OIC). An Agency can be a business comprising of one or more authorized individuals
Key Policy Production Tables
Archive – Transactional History of completed policies produced through the Policy Production Cloud Service.
MRL – Master resource library. Set of tables that contain the forms and rules used for publishing insurance policies.
User Info – Database table listing the Policy Production system users and their permissions to each menu option within the desktop application.
WIP - Work in process. Repository for in process transactional data –form and data stored separately with reference to pull them together.
Oracle Insurance Cloud (OIC)
This is full suite of offerings available to Insurance Carriers and Agents allowing them a centralized location for all of their transactional needs. Manages the process consolidating and transforming the Insurance data so that it can be communicated between the Insurance Carrier and Agent.
Oracle Insurance Cloud Portal (OICP)
This is a portal providing all of the necessary offerings of the OIC to carriers and agents. It enables user registration and on-boarding as well as access to pertinent data, queries, and service offerings.
Oracle Identity Manager (OIM)
Oracle Identity Manager manages user access privileges across all of a firm's resources, throughout the entire identity management lifecycle -- from initial creation of access privileges to dynamically adapting to changes in business requirements.
PPCS: (Policy Production Cloud Service)
A cloud service which allows users to generate policy documents locally using cloud based resources and data storage. In PPCS, policy generation components reside in the cloud instead of a local or network drive. This service follows the same workflow as Oracle’s Documaker Desktop on-premises product
Tenant
A Tenant is an Agency / Carrier who can access the OIC application and its related services.
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