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  3. Oracle Insurance Policy Administration for Life and Annuity
Logo of Oracle Insurance Policy Administration for Life and Annuity

Oracle Insurance Policy Administration for Life and Annuity

byOracle
in Life Policy Administration Systems, Americas
4.1

Overview

Product Information on Oracle Insurance Policy Administration for Life and Annuity

Updated 13th October 2025

What is Oracle Insurance Policy Administration for Life and Annuity?

Oracle Insurance Policy Administration for Life and Annuity is a software designed to support the management of life and annuity insurance policies. The software enables insurers to streamline policy lifecycle processes including quoting, issuance, administration, and product configuration. It assists in maintaining regulatory compliance and supports a range of policy transactions such as policy changes, benefit management, billing, claims handling, and reporting. The software provides tools for automating tasks, facilitating new product introductions, and managing complex rules for different product types. It addresses the business need for efficient policy operations and helps insurance providers reduce process complexity and improve operational performance.

Oracle Insurance Policy Administration for Life and Annuity Pricing

Oracle Insurance Policy Administration for Life and Annuity software follows a subscriptionbased pricing model based on factors such as the number of policies under management configuration requirements and user volume pricing may vary depending on the scope of deployment and customizations required for the software integration

Overall experience with Oracle Insurance Policy Administration for Life and Annuity

Senior Underwriter
50M - 250M USD, Construction
FAVORABLE

“Navigating the Configuration Complexity of OIPA for Insurance Products”

4.0
Oct 29, 2024
This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions.
Enterprise Architect
3B - 10B USD, Insurance (except health)
CRITICAL

“Implementation challenging due to low expertise implementation partner”

3.0
Sep 21, 2016
This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions. This text serves as a placeholder and does not reflect the user’s review responses or opinions.

About Company

Company Description

Updated 6th March 2025

Oracle is a cloud technology company that offers computing infrastructure and software solutions globally. This organization has developed an autonomous database, the first of its kind, to help manage and secure data. Oracle Cloud Infrastructure presents functionalities to facilitate the transition of workloads from on-site systems to the cloud, and vice versa, as well as between different clouds. Oracle's cloud software applications provide modern tools designed to support sustainable growth and resilience in businesses. Tools developed by Oracle are used by a wide range of users including nonprofit organizations and businesses of various sizes, to aid in operations like supply chain streamlining, human resource management, financial planning and connecting data and global users. Apart from business solutions, Oracle's technology also aids in tasks ranging from government defense to scientific and medical research.

Company Details

Updated 13th March 2024
Company type
Public
Year Founded
1977
Head office location
Redwood Shores, United States
Number of employees
10001+
Annual Revenue
30B+ USD
Website
http://www.oracle.com

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Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

Top Oracle Insurance Policy Administration for Life and Annuity Alternatives

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Peer Discussions

Oracle Insurance Policy Administration for Life and Annuity Reviews and Ratings

4.1

(8 Ratings)

Rating Distribution

5 Star
25%
4 Star
63%
3 Star
13%
2 Star
0%
1 Star
0%
Why ratings and reviews count differ?
  • Senior Underwriter
    50M-1B USD
    Construction
    Review Source

    Navigating the Configuration Complexity of OIPA for Insurance Products

    4.0
    Oct 29, 2024
    My overall experience with OIPA has been positive as it offers robust capabilities for managing complex life insurance and annuity products with a high degree of flexibility and automation.
  • Senior Underwriter
    50M-1B USD
    Construction
    Review Source

    Navigating the Configuration Complexity of OIPA for Insurance Products

    4.0
    Oct 29, 2024
    My overall experience with OIPA has been positive as it offers robust capabilities for managing complex life insurance and annuity products with a high degree of flexibility and automation.
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Recommended Gartner Insights

  • Market Guide for Life Policy Administration Systems, Americas
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Reviewer Insights for: Oracle Insurance Policy Administration for Life and Annuity
Performance of Oracle Insurance Policy Administration for Life and Annuity Across Market Features

Oracle Insurance Policy Administration for Life and Annuity Likes & Dislikes

Like

One of the standout features of OIPA is the powerful configuration capabilities. Unlike many legacy systems that rely on hard-coded functionality, OIPA allows for insurers to configure product features, rules, workflows, and calculation without heavy reliance on custom coding.

Like

One of the standout features of OIPA is the powerful configuration capabilities. Unlike many legacy systems that rely on hard-coded functionality, OIPA allows for insurers to configure product features, rules, workflows, and calculation without heavy reliance on custom coding.

Like

One of the standout features of OIPA is the powerful configuration capabilities. Unlike many legacy systems that rely on hard-coded functionality, OIPA allows for insurers to configure product features, rules, workflows, and calculation without heavy reliance on custom coding.

Dislike

does not come out of the box with a comprehensive set of processes

Dislike

does not come out of the box with a comprehensive set of processes

Dislike

does not come out of the box with a comprehensive set of processes