Unlock comprehensive insights with Oracle Insurance Policy Administration Course by Multisoft Systems. Understand core functionalities, streamline policy lifecycle processes, and increase operational efficiency in the insurance industry. Elevate your expertise with real-world scenarios and hands-on experience under the guidance of industry professionals.
Oracle Insurance Policy Administration (OIPA) is a flexible and fully configurable insurance policy administration solution that provides life and annuity insurance companies with advanced capabilities for product development, policy issuance, and policy processing. Here's a potential course overview on Oracle Insurance Policy Administration by Multisoft Systems, a training organization:
Introduction to Insurance and OIPA: This initial module introduces students to the basic concepts of insurance and the role and benefits of Oracle Insurance Policy Administration in the insurance industry.
OIPA Basics and User Interface: This section will explain the OIPA interface, how to navigate it, and the main features and functionalities available in the system. Product Configuration: This module delves into the configuration of insurance products using OIPA. Students learn about product rules, rates, calculations, forms, and validations.
Policy Transactions: This module covers how policies are issued, maintained, and administered in OIPA, including policy issuance, payments, changes, claims, and terminations. System Integration: This part of the course discusses how OIPA integrates with other systems for functionalities like document generation, underwriting, or customer management.
Reporting and Business Intelligence: Students will learn about OIPA's built-in reporting capabilities and how they can be used to generate insights and inform decision-making.
Oracle Insurance Policy Administration Course Objective
- Understand the basics of Oracle Insurance Policy Administration (OIPA).
- Familiarize with the insurance business model and how it fits into the Oracle solution.
- Learn how to navigate the Oracle Insurance Policy Administration user interface.
- Develop skills in setting up and administering Oracle Insurance Policy Administration.
- Understand the key components of Oracle Insurance Policy Administration, including policy lifecycle, product setup, and transaction processing.
- Learn how to configure and customize product definitions.
- Understand the use of business rules in Oracle Insurance Policy Administration and how to design and configure them.
Oracle Insurance Policy Administration Online Training
- Recorded Videos After Training
- Digital Learning Material
- Course Completion Certificate
- 24x7 After Training Support
Target Audience
- Insurance Professionals
- IT Professionals
- Business Analysts
- Project Managers
- Oracle Consultants
Oracle Insurance Policy Administration Course Prerequisites
- Understanding of Insurance Industry: A basic understanding of the insurance industry, including key terms, processes, and workflows, is typically required. This could include knowledge of insurance policy lifecycles, claims processing, underwriting, etc.
- Basic IT Skills: Since Oracle Insurance Policy Administration is a software-based system, basic IT skills are usually necessary. This might include familiarity with operating systems, understanding of software applications, and some exposure to databases.
- Database Knowledge: Oracle Insurance Policy Administration interacts with databases, so a basic understanding of database concepts, SQL (Structured Query Language), and possibly Oracle's own database systems can be beneficial.
Oracle Insurance Policy Administration Course Certification
- Multisoft Systems provides a globally recognized training certificate after successful completion of Oracle Insurance Policy Administration Certification Course.