Oracle Insurance announced the availability of OracleInsurance Insight 7.0, an insurance-specific data warehouse andbusiness intelligence solution that offers access to theinformation needed to make critical business decisions.

The release introduces the concept of adaptive data modeling, which gives business users the power toconfigure lines of business via a warehouse palette tool. OracleInsurance Insight automatically creates data warehouse elementssuch as line-specific database structures andextract-transform-load (ETL) processes speeding up time-to-valuefor BI initiatives.

"Rapid access to business intelligence is essential to competeand thrive in today's insurance industry," said SriniVenkatasantham, vice president, product strategy, Oracle Insurance."The adaptive data modeling approach of Oracle Insurance Insight7.0, combined with the insurance-specific data model, offers globalinsurance companies a faster, easier way to get the intelligencethey need to make better-informed business decisions."

Oracle Insurance Insight 7.0 provides insurance-specific,out-of-the-box data models that companies can easily configure tomeet their specific BI needs. The application aggregates policy andclaims data to give property & casualty (P&C) or generalinsurers a single view of the enterprise.

The new release includes prebuilt content and interfaces for sixP&C lines. Additionally, insurers can use the warehouse paletteto deploy any and all P&C lines of business from scratch,helping insurers support operations in any country.

To meet the demands of an increasingly global market, the newestversion provides support for multiple languages and currencies.