1. <Insert Picture Here>
Oracle Insurance
Insbridge Rating & Underwriting + Documaker Document Generation
Presented by: Dave Webster, Business Development Director, EMEA
2. 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.
5. About Oracle Insurance
• Dedicated Insurance team
• End-to-end Insurance solutions
• Sales and service
• Administration and claims
• Financials and Human Capital
Management
• Enterprise infrastructure
20 of the top 20
• Deep Insurance domain expertise Fortune 500
insurers
use Oracle
applications
6. Evolution of Oracle Insurance
More than 2000 Insurers
use Oracle applications
Insurance Solution Depth
Insurance Market Share
7. Oracle Insurance Offerings
Comprehensive solutions for Insurance industry
Enable Next Generation Insurance Distribution
Management Increase Revenue Through Enhanced
Technology Platform & IT Governance
Distribution Management & Customer Service
Document Automation, Content Mgmt,
CRM, Insurance, Rating/UW, Illustrations
Middleware, Database
Core
Core Operations
Technology
Enable Flexible & Efficient
Policy Life Cycle Management
Policy Administration, Premium
Customers Billing, Claims, Incentive Comp
Performance Corporate
Mgmt & BI Support
Improve Performance Management Provide Efficient & Effective
of Governance, Risk and Compliance Corporate & Operational Support
Business Intelligence, Enterprise Financials, HR, Procurement
Performance Mgmt, Compliance
9. Insbridge Overview
Easy-to-use, Web-based, highly-scalable rating, rules and
underwriting application, enabling business users to build and
manage complex rating and underwriting logic without reliance on IT
resources.
• Web Based
• Point & Click – no coding
• SOA Approach - easily integrated with external resources
• Rapid rate testing – “What if” analysis
• Simple licensing –
• no user or server licenses
• no volume based charges
• Enables compliance
11. Oracle Insurance Insbridge Rating and
Underwriting
Key Modules
• Oracle Insurance Insbridge
Rate Manager
• Business-user focused tool for
creation of variables, rules,
rates and tables
• Easy to use
• Browser-based
• Oracle Insurance Insbridge
Pricing Manager
• “What If” analysis tool
• Test rate impacts on book of
business
• Browser-based
12. Oracle Insurance Insbridge Rating and
Underwriting
Key Modules Continued
• Oracle Insurance Insbridge SoftRater
• Runtime rules engine
• Full Web architecture
• Scalable
• Multi-platform rules engine support
• Optimized on Oracle Fusion Middleware and Oracle
database
• Compatible with most major operating systems and
databases
• .NET or J2EE
• Easy to integrate
• Built as external rating engine
• Any XML format accepted
• Integration via Web Services and/or Java-RMI
• Can make external calls while performing rate
calculations
13. <Insert Picture Here>
Oracle Insurance Insbridge
and other applications
confidential
14. Integration
• Many possibilities to integrate
Oracle Insurance Insbridge with Portals,
Policy Administration
other internal and external Underwriting
Desktops Systems
applications.
Insbridge
• Examples of applications where
Insbridge can be integrated:
• Legacy Policy administration
systems (Fiserv, PMSC, i90, etc) Third Party Content
• Custom Web front-end/agent
portals
• 3rd party (External applications and
databases, etc)
15. The case for a stand-alone rating engine
A single, best-in-breed rating engine, such as Oracle Insurance
Insbridge, can modernize and consolidate current systems to
improve efficiencies, promote accuracy and reduce total cost of
ownership.
Modernization Consolidation
• Infinite rating tiers • Scalability
• Regulatory and compliance • Able to handle multiple
• Debugging and testing lines of business
• Any-method rate creation • Integration
• Modern architecture • Versioning
• Role-based security
16. Insbridge Rating and Underwriting
Summary
Scalable for enterprise deployment One application which supports all lines
Secure, efficient content distribution of business
through deployment technology
Intelligence cache control for optimized Infinite rate granularity
memory utilizations
Open, services-oriented architecture Extended Services Interface (ESI),
Black-box rating engine for message- supporting:
driven integrations Customizable business user interface
Single integration pattern for Portal integration
transactional/batch services Automation through third party system
(Policy admin, etc..)
Any-method rate creation
Customizable templates
Compliance & regulatory support
Start-from-scratch Fully documented rating
Create tables, logic, and entire line structure Dependency and reconciliation reports
Flexibility for unique, out-of-the-box rating
17. Insbridge and Siebel CRM
• End-to-end customer management, data capture, rate, quote
system
• Manage contacts, prospects and customers
• Gather quote/rate data from one system
• Generate quotes for all customers/any line of business from a single
rating engine
• Single location for every customer’s policy data
• Additional Siebel functionality
• Siebel Self Service – ex. Web payment functionality (rate, quote, pay)
• Benefits:
• Improve distribution management
• Reduce data redundancy
• More efficient processing
• Reduce transaction costs
• Strengthen CRM solution investment
18. <Insert Picture Here>
Oracle Documaker
for
Customer
Communication
Management
confidential