Oracle has announced the availability of Insurance Insignt 6.0, an insurance specific data warehouse that leverages its business intelligence enterprise edition for dashboards and analytics.
According to Oracle, the Insurance Insight 6.0 contains the transactional data warehouse model as well as the line-specific data mart structures, enabling insurance companies to conduct policy, claims and customer analysis.
The new product aggregates and streamlines access to enterprise data that reportedly enables insurers to gain a single view of the customer and the insurance enterprise and act upon the insight gained from this view.
The company claims that the warehouse and pre-built analytics in this release help insurers to perform cross-functional relationship reporting, such as combined policy and claims data analysis. It also enables insurers to drill down to a specific line of business.
Srini Venkatasantham, vice president of product strategy at Oracle Insurance, said: With Oracle Insurance Insight 6.0, insurers will have a powerful tool to help them better understand their business and provide real-time intelligence to support business leadership.
