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

The release introduces the concept of adaptive data modeling, which gives business users the power to configure lines of business via a warehouse palette tool. Oracle Insurance Insight automatically creates data warehouse elements such as line-specific database structures and extract-transform-load (ETL) processes speeding up time-to-value for BI initiatives.

"Rapid access to business intelligence is essential to compete and thrive in today's insurance industry," said Srini Venkatasantham, vice president, product strategy, Oracle Insurance. "The adaptive data modeling approach of Oracle Insurance Insight 7.0, combined with the insurance-specific data model, offers global insurance companies a faster, easier way to get the intelligence they 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 to meet their specific BI needs. The application aggregates policy and claims data to give property & casualty (P&C) or general insurers a single view of the enterprise.

The new release includes prebuilt content and interfaces for six P&C lines. Additionally, insurers can use the warehouse palette to 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 newest version provides support for multiple languages and currencies.

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Oracle Introduces Latest BI Solution for Insurers

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