Oracle Insurance has released Oracle Insurance Policy Administration for Life and Annuity 9.4, the newest version of its rules-based policy administration system for life, health and annuity insurers. Oracle says this version includes expanded multi-language, unit-linked product- and fund-processing capabilities that enable regional and global insurers to configure and deliver localized products.

To further support insurers in the growing Japanese market, Oracle says Insurance Policy Administration for Life and Annuity 9.4 includes Kanji/Kana language support and pre-defined content as well as imperial date processing.

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