OIPA Cycle

Introduction

Oracle Insurance Policy Administration (OIPA) provides a subsystem for batch processing of insurance transactions called Cycle. Cycle is a high-performance distributed subsystem designed to process as many pending transactions as possible in the shortest amount of time. By using concurrency techniques, multiple threads, automatic failover, automatic scaling and real time configuration changes, OIPA provides a robust batch solution. Various available commands allow you to run and view Cycle(s) according to your business needs.

The Cycle Agent is also used to process scheduled valuation and scheduled computation work. Scheduled valuation calculates the value of a group of policies at a specific point in time and stores that value for subsequent use. Scheduled computation is used to calculate values on policies that do not have a variable component. The time interval for running scheduled valuation or scheduled computation, and the frequency at which policies (or policies and segments for scheduled computation) are selected is configurable. Typically, these intervals are quarterly, semi-annually or annually. In order for scheduled valuation or scheduled computation to function, two additional options must be included in the Agent's configuration file.

In addition, Cycle is used to advance the system date stored in the AsSystemDate table.

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