1. Release Notes
  2. Oracle Insurance Performance Insight Application

3 Oracle Insurance Performance Insight Application

The following sections include features and bug-related information.

New Features

The application is designed to cater to both General Insurance and Life & Annuity Insurance Businesses. Specific dashboards with tabs and relevant set of reports, ratios, KPIs are available for specific insurance Business types; namely, General Insurance and Life and Annuity Insurance Products. The specific addition to the product in this release is as follows:

CFO Dashboard: The CFO Dashboard is an analytics for new age CFO- evolving from historic to future view by creating an intelligent narrative for business insights and strategy. It has been developed using Oracle Data Visualization Tool to provide the best in the market visualization.

This dashboard has been created using Oracle Data Visualization Tool. Data Visualization (DV) provides a quick and effective way to communicate information in a universal manner using visual information. The DV stories are packaged in the application in addition to the standard OBIEE Reports. The DV technology allows to play out interactions between various factors that are significant in the analysis enabling enhanced experience for the Business User.

The CFO Dashboard provides:

  • A single window access to information.
  • Key Insurance Data for CFO, the Chief Financial Officer, and other decision making authorities.
  • Contain KPIs around Business Indicators, Trends, IFRS compliant numbers, Performance snapshots, and Quick action areas.
  • Unlocks actionable Insights through KPIs, Trends, Geography, and Grouped LOB & Product Data.

Key Features:

  • View Key Metrics and Data across multiple Dimensions.
  • The Dashboards canvasses are designed to contain KPIs around Business Indicators, Trends, Numbers, Performance Snapshots, and Quick action areas.
  • Compare business performance of current with previous values.
  • Switch between an Enterprise views to Geographical Region granularity.
  • View report results with graphical representations.
  • View Profitability, Expenses, CSM, Revenue, Adjustments Insurance Service Cost, LFRC, LIC.
  • Comparison and Trend Analysis between New and Existing Business.
  • Trend lines on Losses/Reversals.
  • Comparisons- P&L/OCI Trend, LIC vs LFRC

Bugs Fixed in this Release

There are no bugs fixed in the OIPI Application Release v.8.1.2.0.0.

Known Issues and Limitations

There are no known issues or limitations in the OIPI Application Release v8.1.2.0.0.