Oracle Insurance Policy Administration for Life and Annuity helps carriers consolidate multiple policy systems and transform their business. It is also used for New Business Underwrtitng , when carriers adopt a greenfield approach and need to launch new products in a short amount of time. OIPA support Individual and Group for both Life and Annuity business in a single platform. Using OIPA carriers can simplify their systems with a modern, rules-based policy administration solution that supports policy issuance, billing, collections, policy processing, and claims for Individual and Group for both Life and Annuity business.