From the Wires
FINEOS Acquires Six New Customers in Disability & Life
By: Business Wire
Feb. 13, 2013 06:38 AM
FINEOS Corporation, the market leading provider of best-in-class claims management software, announced today that it acquired six new customers in the second half of 2012. The six insurance organizations, three in North America and three in Australia, will use FINEOS Claims to streamline their disability, life, and supplemental health claims processes, helping achieve more efficient, effective and competitive claims management.
In the US, FINEOS now counts nine of the top forty Life and Health carriers as customers with similar market penetration seen in Canada and Australia.
The announcement coincides with the release of FINEOS version 7.5, a landmark release which combines FINEOS’ feature-rich claims management platform with industry best practice processes. It includes a newly designed user interface (UI) and a comprehensive set of out-of-the box features to improve ease of use and promote faster adoption.
Commenting on today’s announcement, CEO of FINEOS, Michael Kelly said, “The addition of six new customers and the release of FINEOS 7.5 consolidate our global market leadership in the Life and Health industry. FINEOS Claims is a full feature ‘out-of-the-box’ claims system which is delivered with industry best practice business content, documentation and business training to enable organizations to quickly exploit the product within their business. The system can be configured and implemented quickly for the large enterprise carriers as well as smaller claims organizations and this is testament to the maturity, leadership and solidity of the product.”
FINEOS 7.5 offers the following key enhancements:
FINEOS CTO, Jonathan Boylan added, "FINEOS 7.5. enables Disability and Life insurers to benefit from the massive investment we have made in features and capabilities, allowing them to get up and running quicker. This solution offers a compelling option for insurers using increasingly costly legacy systems or those dealing with the challenges of systems not designed especially for Disability and Life claims”.
About FINEOS Corporation
FINEOS is a market leading provider of core software solutions for Insurance and Government Accident Compensation Insurance. Our flagship product, FINEOS Claims, is the insurance industry’s best-in-class solution for all, Life, Disability and Accident Compensation claims. Established in 1993, the company delivers innovative solutions to a global market and has customers, employees and established bases in North America, Europe, Africa and the Asia Pacific markets. For more information, visit www.FINEOS.com
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