SOURCE: Oracle Corporation

Oracle Corporation

May 24, 2011 11:00 ET

Oracle Insurance Policy Administration for Life and Annuity Delivers Superior Performance on Oracle Exadata Database Machine X2-2

Technology Combination Enables Insurers to Achieve Scalability, System Availability and Performance to Support Customer Service and Risk Reduction Requirements

SAN DIEGO, CA--(Marketwire - May 24, 2011) - ACORD LOMA - Oracle (NASDAQ: ORCL)

News Facts

  • Oracle today announced superior performance in a recently completed benchmark test of Oracle Insurance Policy Administration for Life and Annuity Version 9.3 running on Oracle Exadata Database Machine X2-2 and Sun SPARC Enterprise M9000 application servers. The benchmark included 100 million policies and more than 2,000 concurrent users(1).
  • The findings show that the technology combination can enable insurers, even the largest Tier One carriers, to achieve the scalability, system availability and performance needed to meet increasingly rigorous requirements for better customer service and reduced risk.
  • The benchmark performance test, conducted in partnership with a customer, is the largest known benchmark of its kind in the insurance industry. It included a data set containing five years of financial history, totaling nearly 30 terabytes of data.
  • The test used a representative sample of a full nightly batch cycle for a large-scale system supporting 100 million active policies (split evenly between term life and variable annuities). Running on Oracle Exadata Database Machine X2-2 and Sun SPARC Enterprise M9000 server, Oracle Insurance Policy Administration for Life and Annuity executed the batch cycle in less than two and a half hours.
  • Additionally, the system processed a complex workload with more than 2,000 concurrent users, with average response times well below one second.
  • The technology combination can help insurers to run much faster batch processing, expanding the time that systems are available for processing policies and delivering service to customers. And it can help insurers to reduce risk -- providing them with an expanded window of time to perform other vital nightly processes such as gain/loss and trade reports necessary for variable annuity processing.
  • Oracle Insurance Policy Administration with Exadata can greatly simplify production deployments at a fraction of the cost of traditional technology. With the combined database server and storage server within Exadata, the cost associated with a separate storage area network (SAN) of 30TB capacity -- in this particular performance test -- has been eliminated.

Supporting Quotes

  • "Insurers face unprecedented pressure to deliver higher levels of customer service, reduce risk, and improve speed to market," said Kevin Walma, vice president, Insurance Products, Oracle Insurance. "The extreme performance of Oracle Insurance Policy Administration for Life and Annuity running on Oracle Exadata Database Machine X2-2 supports these requirements for even the largest Tier One carriers. It enables faster batch runs, providing an extended window for system availability to service customers and conduct essential transactions -- while reducing server costs and opening up new opportunities for hardware consolidation."

Supporting Resources

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(1) Oracle concluded a benchmark test in January 2011 of Oracle Insurance Policy Administration for Life and Annuity, Version 9.3, running on Oracle Exadata X2-2 database machine and six independent domains on a Sun SPARC Enterprise M9000 server. During the test, the system executed a representative sample of full nightly batch cycles supporting 100 million active insurance policies. User interface load testing was conducted at 1,000, 1,750, 2,000, 2,250 and 2,500 concurrent users.

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