Oracle was named a top insurance industry technology provider in the first InsureTopTech awards, based on a recent survey of insurance industry executives sponsored by Insurance Networking News and Financial Insights, an IDC company. The survey of insurance executives ranked Oracle as the top technology vendor in the Help Maintain Financials category for its PeopleSoft Enterprise Financial Management applications.
Survey respondents also recognised Oracle in the Other Areas category that covers middleware, systems integration, outsourcing and hardware technology.
The InsureTopTech ranks leading IT solution providers based on an industry-wide poll of insurers in the United States and Canada. Survey participants ranked IT vendors in several categories, including providing their companies with technological assistance across the areas of daily operations, product development and workflow optimisation.
"Oracle has a strong commitment to the insurance industry, and the InsureTopTech award for Financials reflects the bottom-line value that we bring to the market," said Chuck Johnston, Senior Director, Insurance Industry Strategy, Oracle. "Oracle will continue to deliver unparalled applications that address unique insurance industry business requirements, enabling operational excellence for insurance companies to reduce cost, increase business visibility and deliver greater value to the end customer."