Empower Your Life Insurance Operations with Oracle FLEXCUBE

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Products-Oracle FLEXCUBE

Empower Your Life Insurance Operations with Oracle FLEXCUBE

Streamline Policy Administration Processes

Oracle FLEXCUBE offers a comprehensive solution for life insurance carriers to streamline policy administration processes. With flexible, rule-based policy administration, you can manage new business underwriting, policy issuance, processing, billing, collections, and claims all within a single system. This centralized approach not only enhances operational efficiency but also accelerates time-to-market for insurance products.

Digitize Back Office Operations for Enhanced Customer Experience

Modernize your back office operations with Oracle FLEXCUBE's greenfield approach, enabling a digital-first strategy for your life insurance business. By leveraging this solution, you can improve speed-to-market by up to 75%, providing a seamless and efficient customer experience. Unify underwriting, policy processing, billing, and claims through a configurable life insurance software that supports both individual and group administration on a single platform.

Efficient Data Management and Reporting

Oracle FLEXCUBE allows life insurance carriers to tap into policy data to gain valuable insights about their business. Easily analyze up-to-date policy data through intuitive dashboards or integrate with your preferred BI tool for in-depth reporting. By running analyses from a separate data store, you can ensure the performance and security of your core systems while making informed business decisions based on real-time data.

Enhance Customer Experience and Compliance

With Oracle FLEXCUBE, you can sell, service, and manage compliance with confidence. Automate processes, deliver personalized policyholder responses, and enable customers to interact through their preferred channels seamlessly. Ensure compliance with regulatory standards such as IFRS 17 and LDTI accounting and reporting, simplifying the complexities of global regulations and risk assessments.

Optimize Calculation Engine and Standalone Rules

Oracle FLEXCUBE empowers life insurance carriers to manage multiple systems efficiently by centralizing policy rules and calculations used across various operations. By simplifying regulatory compliance and reducing risks associated with disparate systems, Oracle's Calculation Engine Solutions ensure accuracy and consistency in calculations for illustrations, new business, and underwriting.

Transform Your Life Insurance Business with Oracle's Innovation

Discover how Oracle FLEXCUBE has enabled life insurance carriers to innovate and transform their operations. By leveraging Oracle's cutting-edge solutions, insurance companies can modernize their legacy systems for enhanced efficiency, scalability, and customer data privacy. Explore customer stories and additional insights to witness the impact of Oracle's life insurance innovation.

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Exploring Oracle FLEXCUBE: Analyst Recognition and Industry Leadership

Oracle's Leadership in Financial Services

Oracle FLEXCUBE, a flagship product in Oracle's financial services portfolio, has garnered significant recognition from industry analysts, positioning Oracle as a leader in various financial sectors. Chartis RiskTech100® 2024 awarded Oracle the Category Winner Award for Financial Crime—AML, highlighting the platform's excellence in combating financial crime. Additionally, Oracle and VPBank received accolades for Outstanding AML Programme Implementation at the Regulation Asia Awards for Excellence 2022, showcasing the platform's effectiveness in regulatory compliance and risk management.

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Introduction to Oracle FLEXCUBE and Human Capital Management

Oracle FLEXCUBE is a comprehensive solution designed to help financial services institutions manage their human capital effectively. In the competitive landscape of financial services, employees are the face of the brand, making it crucial to find, nurture, and retain top talent. With Oracle FLEXCUBE, organizations can unlock their employees’ potential by aligning them with business strategies, managing compliance requirements, and creating an environment conducive to success.

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