With the opening of Oracle OpenWorld, the company announced plans for two new product releases from Oracle Insurance: Oracle Documaker Release 12, a solution for creating and managing documents; and Oracle Insurance Insight 7.0, an insurance-specific business intelligence solution.
Oracle Documaker Release 12 is expected to feature an automated document factory, which enhances “business intelligence for your communications” with report and dashboard capabilities, the company says. Oracle anticipates that the Oracle Documaker Document Factory should help insurers reduce costs and improve efficiency through improved scalability and better visibility into document production.
Additionally, the company says that Oracle Insurance Insight 7.0 seeks to accelerate business intelligence project timelines through “adaptive data modeling,” enhancements that allow business users to amend and improve the data warehouse, lowering the cost of BI projects and speeding implementation. The plan for Oracle Insurance Insight 7.0 is to help insurers eliminate obstacles to BI project implementation, enabling access to the insight that can positively impact business performance in months instead of years.
“Insurers need to adapt to constantly shifting market conditions and take advantage of new business opportunities as they arise,” says Don Russo, SVP and GM, Oracle Insurance. “By incorporating the Oracle technology stack into our insurance applications and developing ground-breaking approaches, such as the automated document factory and adaptive data modeling.”
Both Oracle Documaker Release 12 and Oracle Insurance Insight 7.0 are planned for release in the next 12 months.
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