Responding to the needs of the global insurance industry, Oracle has released Oracle Insurance, already used by over 2 000 insurance customers around the world.
According to the company, the new product helps insurers improve their businesses through software that manages the entire enterprise - from technical infrastructure to core insurance processing.
Oracle's senior VP and GM for Oracle Insurance, Rick Connors, says: "Insurance companies have been a key part of Oracle's customer base for many years. We have launched Oracle Insurance in response to our customers' needs for end-to-end solutions that deliver value across the insurance enterprise."
He says Oracle Insurance has the applications and expertise that will help customers shift from legacy systems to modern technology and profitably grow their businesses.
The product leverages a standards-based product set, including Oracle Database, Oracle Fusion Middleware, Oracle Enterprise Resource Planning, Customer Relationship Management and Enterprise Performance Management applications, as well as industry-specific offerings from Oracle's AdminServer, Skywire Software and Siebel product lines.
Connors says the insurance products assist insurers to get to market faster and reduce operational costs.
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