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Life Insurance Solutions

Get to market faster and improve your operations with flexible, rule-based policy administration. Manage new business underwriting, policy issuance, policy processing, billing, collections, and claims—all on a single life insurance system.


Life insurance carriers: Fast track to a digital-first strategy

Modernize your back office with a greenfield approach, enabling a digital-first strategy and improving speed to market by up to 75%.

Read the ebook

Unify underwriting, policy processing, billing, and claims with a configurable life insurance software

Support individual and group administration on the same life insurance system

Eliminate the costs of maintaining multiple policy administration systems. Rapidly configure individual and group insurance products using a common set of business rules and administer them from a single life insurance system.

Explore Policy Administration

Tap into policy data to gain insights about your business

Easily analyze up-to-date policy data through our dashboard or by using your BI tool of choice. Track the health of your books of business and perform what-if scenarios to model the potential impact of strategic changes or unexpected events. Protect the performance and security of your core systems by running analyses from a separate data store, rather than directly from operational systems.

Explore Data Integration and Reporting (PDF)

Exchange data with producers and service providers in real time

Reduce average policy application and issuance times by integrating critical data streams among all stakeholders. Automate key aspects of the application and quote-to-issue process.

Explore Insurance Data Exchange

“We wanted a system to provide all of the table-stakes functionality that our customers and businesses required, and we wanted it to be flexible enough to grow with our product mix. Oracle has all the functionality we need.”

Diana Bittle

Vice President and Chief Information Officer, American Fidelity Assurance

Sell, service, and manage compliance with confidence

Sell and service policies on your customers’ channels of choice

Automate processes and deliver tailored policyholder responses while balancing self-service and assisted customer service models. Allow customers to buy insurance and receive service when and where they need it.

Explore Customer Experience Solutions

Comply with the IFRS 17 and LDTI accounting and reporting standards

Meet global regulatory requirements with an approach that incorporates risk assessments as part of your compliance strategy. Link data, models, systems, and processes between actuarial and accounting functions and a review potential risks without the need to build integrations between various point solutions.

Explore IFRS 17 and LDTI Solutions

Manage multiple systems with standalone rules and calculations

Reduce risk and simplify regulatory compliance by centralizing the policy rules that drive calculations used by multiple existing systems for illustrations, new business, and underwriting.

Explore Calculation Engine Solutions (PDF)

Discover how our customers experience Oracle life insurance innovation

Explore more customer stories

Resources for life insurance solutions

Oracle and Equisoft join forces to empower insurance modernization for PAS and cloud infrastructure

Learn how this partnership has helped life insurance carriers transform their legacy systems for more efficiency, visibility, scalability, and better customer data privacy.

Additional insights

Oracle Named a Leader in the 2021 Gartner® Magic Quadrant™ for Life Insurance Policy Administration Systems, North America

Oracle was cited for a wide internal ecosystem of complementary products and preintegrated services such as risk, finance, and customer experience.