Oracle Insurance Policy Administration
Meet changing market demands with a modern, rules-based life insurance policy administration solution that supports new business underwriting, policy issuance, billing, collections, policy processing, and claims for Individual Life and Annuity and Group Insurance all on a single platform. Rethink your business by consolidating policy processes for optimal, long-term efficiency. Scale up or down with a rule-based, life insurance policy management system that creates a digital ecosystem for an improved customer experience. Rapidly configure, manage, and bring group insurance products to market through a highly flexible, rules-driven policy administration solution. A life insurance policy management system on a single platform for individual & group that creates hybrid products and collaborates across businesses. Increase business agility with a componentized solution that shares business rules to increase speed to market and drives process automation reducing operational costs.
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Sapiens P&C
The Sapiens Platform for Property & Casualty is end-to-end, cloud-based, or on-premise set of software offerings with advanced digital capabilities. It can be implemented as a pre-integrated platform, or as standalone systems. The diverse solutions address all P&C carrier needs, across all lines of business and distribution channels, offering a wealth of digital features. Sapiens CoreSuite for Property & Casualty is comprised of the Sapiens PolicyPro for Property & Casualty, which manages the full policy administration lifecycle from initial quote, through rating and policy issuance; Sapiens BillingPro for Property & Casualty, which ensures that premiums are collected, claims payments are made, and agent commission payments and receipts are managed accurately; and Sapiens ClaimsPro for Property & Casualty, which controls claims management handling and the settlement process. It also includes a reinsurance solution.
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mobile claims
Virtual diagramming, voice annotation, photo documentation and full pricing capabilities in the palm of your hand. Quickly and accurately capturing claim information onsite eliminates the need for followup visits and provides a great chance to engage policyholders in the settlement process. Adjusters can document, estimate, and close a claim in a few easy steps leading to a faster, efficient and more accurate claim settlement. Mobile Claims ensures that onsite estimates become onsite settlements. Utilizing logic-based questionnaires, our algorithms can be applied to generate custom loss specific estimates in a fraction of the time than the standard estimate construction today. Easy to integrate, train, and use. Virtually eliminating the cost of change, creating enormous benefits for carriers, adjusters, contractors, and policyholders alike. Fully equipped with aerial imagery/measurement, 3D virtual diagramming, geospatial visualization, video collaboration, contents, etc.
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Practo Insura
Practo Insura is a modular P&C insurance platform that supports the full policy, billing and claims lifecycle for carriers, MGAs and reinsurers. The platform helps teams launch new products faster, modernize legacy processes and maintain state-by-state compliance while reducing manual work and operational friction.
Core Features/Modules
• Policy administration (full lifecycle from issuance to renewal)
• Billing & payments (premium billing, collections – describe as implemented)
• Claims management (FNOL to settlement in one system)
• Rating engine & quote management
• Insured / policyholder portal and consumer POS
• Agent portal & quote-to-bind tools
• Compliance & filing workflows (state expansion, rate/form governance)
• Reporting & operational analytics
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