Welcome!

News Feed Item

FINEOS Delivers Latest Release

FINEOS Corporation, a market leading provider of core software solutions for the global Life, Accident and Health Insurance industry, for the Group and Voluntary markets announced today that its Release 8.0 of FINEOS Claims is now available.

The latest release of FINEOS Claims includes over 500 new features and enhancements to the FINEOS Insurance Platform, FINEOS Claims Manager, and FINEOS Payment Manager. The FINEOS product has been enhanced with a range of improvements to 26 different areas of the product including features sets specifically driven at productizing industry best practices within the system.

This is a significant product release with over 20 man-years of development involving up to 90 Analysts, Developers and Testers in the construction phase over a 5 month period. To ensure we delivered precisely what the market wants we worked closely with our customers in three continents in an agile development model to provide early alpha releases to selected customer project teams to facilitate quicker project implementation go-live dates. This Release contains a number of significant new features and extended functions covering areas including Analytics, Business Operational Insight, enhanced look and feel, as well as improved integration and configuration capabilities. Advances in provision for web services, automobile claims, payments and reserves all to enhance efficiency and improve the overall user experience for claims teams.

A new FINEOS component in Predictive Analytics will enable FINEOS customers to make highly informed decision and match skills to problems, moving away from random allocation and focusing on outcomes not paperwork.

FINEOS Predictive Analytics is available on-premise or through the Cloud with FINEOS maintaining the algorithms. It is also available as a Cloud based service for non-FINEOS customers. While Predictive Analytics focuses on the claimant Business Analyser provides valuable insight with an aggregate view of the portfolio, allowing FINEOS customers detailed insight into trends and business patterns and uses graphical visualisations of process flows illustrating bottlenecks and strain points.

Commenting on the latest release, Michael Kelly, CEO, FINEOS Corporation said, “We are delighted with the quality and quantity of new capabilities within this latest major FINEOS Release. The FINEOS Team has worked very closely with our customers, consultants and industry best practice leaders to develop this significant new release and ensure it is aligned with the changing market and customers’ needs. The primary thrust of these additions and enhancements will improve claim throughput processing and provide quantitative insight into business processes and trends which could impact customer service or claims outcomes. We have been actively engaged with our customers to engineer a product that measurably increases the quality of service, insurance companies can provide to their claimants. ”

FINEOS is the leading claims solution for the global Life, Accident and Health insurance industry and supports the processing of Life, Disability, Critical Illness, AD&D, Waiver and a number of related lines. FINEOS supports both group and individual business claims on a single platform and can be used by organizations of all sizes, from small departmental claims teams to very large teams with thousands of users and millions of claims. FINEOS currently works with over 50 insurance carriers and counts six of the top 20 Life & Health carriers in the US and four of the top Life & Health carriers in Australia as customers. We are also a market leading supplier to Government Accident Compensation Schemes in New Zealand, Australia, Canada and South Africa.

About FINEOS Corporation

FINEOS is a global market leading provider of core software solutions for the Life, Accident and Health Insurance industry. 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

###

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes. In...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessio...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Announcing Poland #DigitalTransformation Pavilion
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
CloudEXPO | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...