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Oracle Insurance Insbridge Enterprise Rating

4.3
(10)

Provides an adaptive solution for product management, premium calculation, and underwriting rules management, enabling insurers to respond quickly to market changes and manage the policy lifecycle.

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Oracle Insurance Insbridge Enterprise Rating Reviews

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Showing 10 Oracle Insurance Insbridge Enterprise Rating reviews
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Oracle Insurance Insbridge Enterprise Rating review by Consultant in Financial Services
Consultant in Financial Services
Validated Reviewer
Review Source

"Strong Technology for the new age of Digital Insurance"

What do you like best?

This is a great back-end solution to digitize insurance solutions especially for the Millennial generation! Millennials expect instant results as they tap through their smartphones. If they can

deposit a check or book a flight in seconds, they expect insurers to provide the same:

instant quote, policy issuance, and claims submission all through a mobile app.

Insurers need to evolve to deliver on millennial expectations, just like most industries

have already done. That means using digital technology to create simple, easy user

interfaces (UIs) and processes.

What do you dislike?

The fatal flaw of legacy systems is their inability to adapt and

thus, inability to support digital insurance. Too many

insurance companies continue using antiquated systems

created 30, even 40 years ago.

For many years, IT staffers have jerry-rigged solutions around

their legacy systems, which has further complicated IT

environments. They’ve also gone deeper in technology debt

by adding maintenance costs of multiple systems. Insurance

CIOs have come to accept that they can no longer extend the

lives of their legacy systems.

Recommendations to others considering the product

The fatal flaw of legacy systems is their inability to adapt and

thus, inability to support digital insurance. Too many

insurance companies continue using antiquated systems

created 30, even 40 years ago.

For many years, IT staffers have jerry-rigged solutions around

their legacy systems, which has further complicated IT

environments. They’ve also gone deeper in technology debt

by adding maintenance costs of multiple systems. Insurance

CIOs have come to accept that they can no longer extend the

lives of their legacy systems.

What business problems are you solving with the product? What benefits have you realized?

This company was having difficulty attracting digital business. With the Oracle Digital approach, we have been able to attract a new generation of insurance prospects. The Oracle insurance insbridge offers flexibility. Digital tools require two key components: (1) a simple, easy-to-use UI and (2) a flexible back end. Both elements can provide instant approvals and exceptional customer experience.

Impressive UI layers and mobile apps don’t offer much value unless the processes

themselves are digital. Real transformation begins deep within the process layer and

data core processing systems.

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Oracle Insurance Insbridge Enterprise Rating review by Consultant in Financial Services
Consultant in Financial Services
Validated Reviewer
Review Source

"Oracle Insurance Usage"

What do you like best?

I find Oracle extremely optimal to use. Their customer service representatives are always more than happy to assist. I also appreciate the fact the company is progressive surrounding their technological developments.

What do you dislike?

Pricing was definitley high and hard to negotiate in the process. There team members are aware of their high technological advancements that well surpass competitors. They have the most lucritive fields and will price a company out for this. Make sure you know what prices are desired before changing companies.

Recommendations to others considering the product

I think one thing to consider would be their move forward process. You would want to pick a company that is moving in an adaptable direciton rather than a technology firm that is more set in their ways. Another thing to make sure is that Oracle meets all the requirements that your company requires. In my situation on all important matters Oracle went above and beyond to meet our needs.

What business problems are you solving with the product? What benefits have you realized?

Oracle has given my client comany the progressiveness it needs to develop a healthy long lasting insurance that will allow compatible technology surrounding its usage.

What Underwriting & Rating solution do you use?

Thanks for letting us know!
Oracle Insurance Insbridge Enterprise Rating review by Sarah R.
Sarah R.
Validated Reviewer
Review Source

"Oracle helps set the standard"

What do you like best?

Oracle makes everything easy. Data importing is easy, exporting is easy, manual entries are easy, storage and accessibility are easy.

What do you dislike?

Interface could use some sprucing up but that's a minimal complaint

What business problems are you solving with the product? What benefits have you realized?

Account maintenance is the main thing we use it for. It has helped to streamline our account management processes and we are able to get information quicker to our clients and carriers.

Oracle Insurance Insbridge Enterprise Rating review by Kristen S.
Kristen S.
Validated Reviewer
Review Source

"Oracle"

What do you like best?

I love the accessibility and ease of use. It makes my daily insurance tasks much easier

What do you dislike?

I don't like being logged out often. There should be an option to trust the computer you are on.

Recommendations to others considering the product

Implement with an open mind.

What business problems are you solving with the product? What benefits have you realized?

I have realized that I have been able to adequately adhere to the customers needs much easier.

Oracle Insurance Insbridge Enterprise Rating review by Jonathan E.
Jonathan E.
Validated Reviewer
Review Source

"Great Customer Service"

What do you like best?

The ability to get real-time quotes and customer service quickly.

What do you dislike?

There are not any dislikes currently about Oracle.

What business problems are you solving with the product? What benefits have you realized?

I work in an office where insurance is required and this is a quick fast app company that I can suggest.

Oracle Insurance Insbridge Enterprise Rating review by User in Insurance
User in Insurance
Validated Reviewer
Review Source

"Top notch rating tool"

What do you like best?

Tool is easy to use and allows you to quickly get the information that you are looking for. Provides information and anaytics needed to make informed decisions regarding ratings.

What do you dislike?

No real complaints. The tool provides information expected of it.

Recommendations to others considering the product

Oracle is a known brand name, so makes the user feel more confident in their products and information.

What business problems are you solving with the product? What benefits have you realized?

The tool has helped them to get a clear picture of rates with precision. Allowing the company to make business decisions based on the information provided.

Oracle Insurance Insbridge Enterprise Rating review by User in Insurance
User in Insurance
Validated Reviewer
Review Source

"Good way to brainstorm "

What do you like best?

I like that you can design it to fit your needs. For example, it's a great tool to see certain processes or patterns. It's a neat way to analyze risks and show how to generate more revenue.

What do you dislike?

It wasn't that easy to use at first, it's not as straight forward as say, the Oracle Peoplesoft program.

Recommendations to others considering the product

90

What business problems are you solving with the product? What benefits have you realized?

I really like the data sheets that can be populated.

Oracle Insurance Insbridge Enterprise Rating review by User in Law Practice
User in Law Practice
Validated Reviewer
Review Source

"Oracle"

What do you like best?

Oracle is very intuitive and user friendly. The platform can work in many different applications. I use it in my collection software to track case history.

What do you dislike?

Sometimes it is a little slow when the server is not local. It seems to be worse eighty before they do updates to Oracle.

What business problems are you solving with the product? What benefits have you realized?

Tracking files electronically versus only via paper files.

Oracle Insurance Insbridge Enterprise Rating review by User in Insurance
User in Insurance
Validated Reviewer
Review Source

"Meets Expectations"

What do you like best?

I appreciate that my work password and username is translated to Oracle so I do not have multiple logins and passwords. All the information is in one place.

What do you dislike?

The expense portion is not as intuitive as I would like.

What business problems are you solving with the product? What benefits have you realized?

All your information and data management in one software.

Oracle Insurance Insbridge Enterprise Rating review by User in Financial Services
User in Financial Services
Validated Reviewer
Review Source

"Great all around platform "

What do you like best?

A very concise one stop platform that is easy to use

What do you dislike?

It can be pricey, but you get what you pay for

What business problems are you solving with the product? What benefits have you realized?

Lines management, and portfolio review

Kate from G2 Crowd

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