With Oracle BPM, business users and IT can more easily collaborate to implement and maintain a system that eliminates unnecessary manual processes and allows for end-to-end visibility of new streamlined, automated workflows. Together with Oracle Insurance, Oracle BPM can be used to orchestrate new business, rating, underwriting, policy administration, and claims processes while providing insight into key insurance performance measurements.
Oracle BPM allows legacy systems to be wrapped into virtual services that become part of a catalog of system capabilities. These can then be used in any process in conjunction with other virtualized services to create new composite applications. A controlled transition from legacy to new systems is possible, providing opportunities to consolidate rules and rating, deploy rich front ends, mobile apps, and seamlessly integrate with other third party services. This enables insurance companies to deliver aneffective customer experience expected of a modern company.
Download this white paper to learn more about Oracle BPM for insurance.