Oracle Insurance Insbridge Enterprise Rating

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Overview

Oracle Insurance Insbridge Enterprise Rating is an easy-to-use, web-based, highly-scalable rating, rules and underwriting system that enables business users to perform complex rating and underwriting logic with unmatched accuracy. With Oracle Insurance Insbridge Enterprise Rating, you can augment your legacy systems and centralize rating to a single system. Additionally, because it is web-based and uses XML and web services, the Oracle Insurance Insbridge is flexible and scalable to change and grow with your business with proven run-time and design-time integrations.

Key Features

  • A single, centralized rating engine to improve rating accuracy and reduce risk
  • Flexible, scalable architecture enables launch and distribution of new products, lines of business, and states
  • Multi-platform rating and rules engine
  • Support for versioning allows more flexibility by facilitating the management of multiple product versions supporting various channels, effective dates, or other criteria
  • Supports rate table import from all major data stores
  • Auditability and reports support governance and regulatory compliance
  • Rating worksheet provides a detailed view of the premium calculations

Key Benefits

  • Provide centralized rating system and single rating point of truth for consistent quote across channels
  • Reduces total cost of ownership by creating a single insurance rating engine and lowering resource and operational expenses
  • Fast, precise rules engine allows carriers to automate underwriting decisions
  • Clear visibility into the insurance rating process for more effective risk management and revenue optimization
  • Improves risk management with multivariate pricing and rate analysis, creating more competitive products and broadening the book of business

Product/Service details

SOLUTION OR SERVICE TYPE
Geographic Availability
Africa, Asia-Pacific, Central America, Europe, Middle East, North America, South America