Oracle Insbridge Consultant
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Job Summary
We are an IT Solutions Integrator/Consulting Firm helping our clients hire the right professional for an exciting long-term project. Here are a few details.
Location:Hyderabad Bangalore Pune Chennai
Notice Period: 0-60 days max
We are seeking an experienced Oracle Insurance Insbridge Enterprise Rating Consultant with hands-on expertise in Oracle Insbridge Enterprise Rating (OIER) and RateManager. The ideal candidate should have a strong understanding of Property & Casualty (P&C) Insurance and experience configuring insurance rating rules premium calculations and deploying rating packages across environments.
This role involves working closely with business analysts underwriting teams and application developers to design configure test and support enterprise rating solutions.
- Configure and maintain insurance rating rules using Oracle Insbridge Enterprise Rating (OIER).
- Develop and manage rating logic using the RateManager Designer/Authoring Tool.
- Configure company-specific rating algorithms pricing rules and premium calculation models.
- Build test and deploy Soft Rater Packages across development QA UAT and production environments.
- Perform scenario testing and analyze the impact of rating changes on the book of business.
- Support integration of Insbridge Rating Engine APIs with policy administration and underwriting systems.
- Collaborate with business stakeholders to gather rating requirements and implement rating changes.
- Troubleshoot rating issues and provide production support.
- Participate in code reviews testing deployment activities and documentation.
- Good understanding of Property & Casualty (P&C) Insurance.
- Knowledge of insurance rating underwriting premium calculations and policy lifecycle.
- Experience with Oracle Insurance Insbridge Enterprise Rating (OIER).
- Hands-on experience using the RateManager Designer/Authoring Tool.
- Ability to configure insurance rating rules and pricing logic.
- Experience creating and deploying Soft Rater Packages.
- Knowledge of testing rating scenarios and validating premium calculations.
- Experience consuming and supporting Rating Engine APIs.
- Understanding of deployment and configuration management across multiple environments.
- Strong analytical and troubleshooting skills.
- Experience with Oracle Insurance products.
- Knowledge of REST/SOAP APIs.
- Experience integrating rating engines with Policy Administration Systems.
- Understanding of Agile/Scrum methodology.
- Familiarity with SQL and XML is an added advantage.
Candidates should have experience with the following capabilities of Oracle Insurance Insbridge Enterprise Rating:
- Enterprise insurance rating engine
- Centralized rating management
- Multi-variable pricing and rating models
- Premium calculation and rate optimization
- Rating worksheets
- Rule-based rating engine
- Automated underwriting support
- Rate table management
- Governance and audit compliance
- Scalable enterprise architecture
Required Skills:
The required skillsets for this role include: Basic understanding on P&C insurance. Experience with Rate Manager designer/authoring tool. Ability to configure company-specific rates and rules related to premium quoting. Capability to test the impact of scenarios on the book of business. Proficiency in creating Soft Rater packages and deploying them to various rating environments. Support in consuming Rating engine APIs. Insbridge Enterprise Rating Overview: Oracle Insurance Insbridge Enterprise Rating is an enterprise insurance ratings engine designed for insurance organizations. It enables users to accelerate the development of new ratings and rating changes gain visibility into the rating process for risk management and revenue optimization and automate underwriting decisions. Key features include a centralized rating engine multi-variate pricing and rate analysis multi-platform rating and rules engine support for rate table import from major data stores governance and compliance audits scalable architecture and rating worksheets.
Required Education:
Bachelors degree in Computer Science Information Technology or related field.
