Oracle Insurance - 2025 Pricing, Features, Reviews & Alternatives

Oracle Insurance is an insurance policy and HIPAA compliance management software that helps businesses manage claims adjudication, policy processing, member enrollment, and more from within a unified platform. It allows staff members to utilize a rules-based policy administration tool to configure group insurance products, set up life insurance policies, manage calculations, and handle business underwritings.

Oracle Insurance's enterprise rating module lets team members create competitive products and optimize risk management processes via multivariate pricing and rate analysis. With the insurance analytics functionality, supervisors can monitor books of business and conduct what-if scenario analysis to gain insights into the potential impact of unexpected events or other strategic changes. The customer experience management tool enables employees to build digital experiences by linking customer transactions, behavior, and demographics across multiple back-end marketing, service, and sales applications.

Oracle Insurance facilitates integration with several third-party solutions. Using the Oracle Bancassurance tool, team members can set up real-time connectivity between banks and insurers to optimize operations across policy serving, point of sale (POS), commission reconciliation, and more.