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Plan Seguro to Accelerate Time to Market for New Health Insurance Products With Oracle Applications and Technology

Oracle Health Insurance Back Office Applications Support Core Business Processes and Enable Health Insurer to Drive Innovation

BOSTON, MA -- (Marketwired) -- 03/25/14 -- ORACLE INDUSTRY CONNECT -- Oracle (NYSE: ORCL)

News Summary
Plan Seguro selected a broad footprint of scalable and agile Oracle applications and technology solutions -- including Oracle Health Insurance Back Office, Oracle Database, Oracle WebLogic Suite, Oracle Business Intelligence Enterprise Edition and Sun x86 Systems -- to help it capitalize on new opportunities in the rapidly growing health insurance segment in Mexico. The integrated Oracle solutions will enable the health insurer to grow its business faster and more efficiently without the need to hire additional staff.

News Facts

  • Oracle today announced that Plan Seguro, a leading health insurer in Mexico, selected a broad footprint of Oracle applications and technology solutions -- including Oracle Health Insurance Back Office, Oracle Database, Oracle WebLogic Suite, Oracle Business Intelligence Enterprise Edition and Sun x86 Systems -- to increase IT scalability and enterprise agility, ultimately enabling it to grow its business faster and more efficiently.
  • With strong growth underway in the health insurance segment in Mexico, Plan Seguro needed a back-office solution that would allow it to quickly capitalize on new opportunities and grow rapidly while optimizing productivity of existing staff.
  • Using Oracle solutions, Plan Seguro expects to:
    • Accelerate time-to-market for new insurance products. By leveraging Oracle Health Insurance Back Office's rule-based product definition framework, Plan Seguro will empower business users to create and define new health insurance products within the application and release them with limited support from the IT team.
    • Improve process efficiency. Plan Seguro will transform its core back-office business processes, including claims, through automation, which will help speed processes, improve operational efficiency and support future growth.
    • Provide better access to key financial and operational data. Using Oracle Health Insurance Back Office's built-in data marts and Oracle Business Intelligence Enterprise Edition, Plan Seguro will empower its business users with instant access to critical policy administration and claims information that drives business insight and faster response to emerging issues and opportunities.
  • Plan Seguro will use Oracle Database, Oracle WebLogic Suite and Oracle Business Intelligence Enterprise Edition as its data and middleware foundation, and will run the new back-office environment on Sun x86 Systems.
  • Oracle hardware is engineered together with Oracle Database, middleware and applications to run Oracle software best, offering faster performance, greater efficiency, higher availability and near-unlimited scalability. Running Oracle software on Oracle hardware, Plan Seguro can lower total cost of ownership, mitigate risk and improve user productivity.

Supporting Quotes

  • "To fully capitalize on the strong health insurance segment growth in Mexico, Plan Seguro required new processes and technology. We selected Oracle Health Insurance Back Office after an in-depth evaluation of its functionality, its suitability to the Mexican market and its ability to support Plan Seguro's current and future business needs," said Juan Pablo Gonzalez, chief financial officer, Plan Seguro.
  • "Oracle Health Insurance Back Office, an out-of-the-box solution, will enable Plan Seguro to realize a higher return on investment with a lower risk profile," said J.P. James, general manager, Insurance and Healthcare, Financial Services Global Business Unit, Oracle.

Supporting Resources

About Oracle
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE: ORCL), visit www.oracle.com.

About Oracle in Industries
Oracle industry solutions leverage the company's best-in-class portfolio of products to address complex business processes relevant to insurance, helping speed time to market, reduce costs, and gain a competitive edge.

About Oracle Industry Connect
Oracle Industry Connect, taking place in Boston March 25-26, 2014, brings industry leaders together to share deep domain expertise, insights and industry-specific best practices. This leadership event features customer-led content including visionary keynotes, executive-level networking and in-depth case studies designed to help organizations meet industry-specific challenges. For more information, please visit www.oracleindustryconnect.com.

Trademark
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Contact Information:
Valerie Beaudett
Oracle
+1.650.400.7833
Email Contact

Mary Tobin
O'Keeffe & Company
+1.503.658.7396
Email Contact

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