Introduction

Oracle Insurance Policy Administration Specialization is for individuals focused on selling and implementing a software solution for Insurance companies for managing insurance policy life cycle. OIPA is a next-generation, flexible, rules-based policy administration solution that supports policy issue, billing, collections, policy processing and claims.

Prerequisties

• Basic XML
• Term Life Insurance basics
• Insurance Administration

Course Content

1. Navigating

• Explaining Menu Functions
• Using Buttons
• Using Tabbing System and Screens
• Locating Business Rules and Transactions
• Identifying the Main Screens and their Function
• Explaining Activity Processing and Details

2. Configure, Rules and XML

• Recognizing the Benefits of using a Chassis for Configuration
• Navigating the Rules Palette
• Locating Rules for Configuration
• Distinguish the Various Types of Rules and their use
• Applying Overrides of Rules to the Appropriate System Level
• Using specific XML Elements and Attributes
• Using the Technical Manual to locate Elements and Attributes

3. Term Life Policy Lifecycle

• Overview of the Basic Term Insurance Chassis Lifecycle
• Reviewing the Term Policy Lifecycle in the Policy Administration System
• Reviewing the ACME Term Lifecycle Activities
• Performing the Steps for Creating a Policy
• Using Suspense Records

4. Configuring the Screens

• Matching Screens with Database Tables
• Identifying Above the Line and Below the Line Fields and Matching with the Correct Database Table
• Configuring Screen Business Rules
• Configuring Different Types of Fields
• Applying Background, Title and other Cosmetic Configuration to the Policy Administration System
• Writing Field Validations
• Write Required Validations
• Using JavaScript to write Expression Validations

5. Security

• Applying Security Roles to Clients
• Accessing Security Role Rules
• Configuring Security Rights for Roles

6. Simple Transactions

• Articulating the use of Transactions in the System
• Locating Transaction Rules
• Creating New Transactions
• Creating Transaction Level Overrides
• Using the Eligible Transaction By Policy Status Business Rules
• Using Mandatory Business Rules
• Using the Transaction Business Rule Packet
• Distinguishing the Sequence of Elements in the Transaction Configuration.

7. Math

• Using MathVariables
• Using Functions in Math

8. Roles

• Configuring Roles
• Validating Roles

9. Segments

• Configuring Segments
• Configuring Segment Fields
• Configuring the Segment Screen