2 Oracle Insurance Performance Insight Pack

Oracle Insurance Performance Insight Pack (OIPI Pack) provides integrated stress testing and modeling capabilities that you can readily apply across multiple risk areas enabling institutions to devise appropriate enterprise-wide and holistic risk and economic capital strategies.

OIPI Pack enables you to comply with regulatory requirements on stress testing, enables advanced customer and portfolio analytics, utilize multiple industry-standard techniques, test and model with complete data integrity.

OIPI Pack includes the following applications:

• Financial Services Analytical Applications Infrastructure: This application powers the Oracle Financial Services Analytical Applications family of products to perform the processing, categorizing, selection, and manipulation of data and information required to analyze, understand and report on specific performance, risk, compliance, and customer insight issues by providing a strong foundation for the entire family of Oracle Financial Services Analytical Applications across the domains of Risk, Performance, Compliance and Customer Insight.
• Oracle Insurance Performance Insight (OIPI): This application is a comprehensive business intelligence system created exclusively for the insurance industry. OIPI provides a complete set of web-based analytical and reporting components that enables you to generate, view, analyze, distribute, electronically store, and retrieve critical reports. It provides tools for data integration and includes customizable, pre-built dashboards and reports, a reporting data model, and user-friendly functional subject areas for ad-hoc reporting. It enables you to actively plan, manage, and track key areas measuring organizational performance with pre-built reports, dashboards, and underlying data structures. The application is designed to cater to both General Insurance and Life and 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. A new feature called CFO Dashboard is added to this release of OIPI 8.1.2.0 0.

See the subsequent chapters to know more about this release.

Note:

Release v8.1.2.0.0 of OIPI Pack is not certified for AIX and Solaris x86 Operating Systems. If you are currently running OFSAA v8.0.x on AIX or Solaris x86 Operating Systems, then you must migrate from AIX or Solaris x86 to Linux or Solaris Spark. See the MOS Doc ID 2700084.1 for details.