Oracle Insurance has announced the release of Oracle Insurance policy Administration 9.0, the latest release of its rules-based policy administration system for life and annuities.
This release supports multiple languages and currencies within a single instance of the system, which enables global insurers to roll out one policy administration system in multiple countries. The system also gives regional insurers the ability to conduct business in virtually any combination of languages and currencies.
Insurers gain open access to all policy administration system processes and data through the product's Web-based service-oriented architecture. It also includes a rules palette editing tool that makes the applications easy to configure and administer without the need for complex coding.
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