FINEOS Launches New Absence Management Solution

Business Wire

FINEOS Claims for Absence Management delivers comprehensive, consistent and compliant leave management
Webinar “Rising to the Challenge of Absence Management” taking place on 10 November

DUBLIN--(BUSINESS WIRE)-- FINEOS Corporation, a market leading provider of core systems for Life, Accident and Health insurance, today announced the launch of FINEOS Claims for Absence Management. The new solution offers next generation integrated absence management to allow insurers to put order around the ongoing regulatory disruption of absence management. FINEOS Claims for Absence Management was unveiled at the FINEOS Global Summit which concluded yesterday in San Francisco.

FINEOS Claims for Absence Management provides a single book of record for all absence management related services, enabling carriers to showcase the strengths of their products, services, people, and partnerships in a unique, consistent, and compliant fashion. The new solution incorporates a foundationally solid Absence Policy Administration that is comprehensive and organized for analysis and growth.

FINEOS offers regulatory support by staying current with relevant legislation and including pre-defined (out-of-the-box) federal, state and municipal leave plans (paid and unpaid) and ongoing regulatory updates. In this way, FINEOS Claims for Absence Management will continue to meet carrier needs.

The Integrated Service Management capability allows carriers to easily manage integrated absence requests including leave, disability and accommodation. Uniquely in the market, it also offers paid leave management of statutory and private family insurance programs and paid sick leave policies.

Commenting on the launch of the new product, Michael Kelly, CEO, FINEOS said, “We are delighted to be able to bring this new product to market. We believe FINEOS Claims for Absence Management is the most innovative solution available anywhere. Feedback from our customers here at the Summit has been excellent. As integrated absence management and technology evolve, FINEOS will continue to provide solutions to meet that evolution.”

FINEOS will further showcase its plans for Absence Management in a webinar on 10 November. Entitled “Rising to the Challenge of Absence Management”, the event will be run in collaboration with Insurance Networking News. For more information and to register for the event, please click here.

FINEOS is a global leader in insurance software with customers in nine countries and has been chosen by 8 of the top 20 Group Life & Health insurers in the US and 4 of the top 5 Life & Health insurers in Australia. FINEOS has many years’ experience working with insurers in North America, Europe and Asia Pacific and has over 20,000 licenced users globally.

About FINEOS Corporation

The FINEOS flagship product, the FINEOS AdminSuite, is based on the FINEOS Digital Platform, which can be hosted in the cloud or on premise. The FINEOS AdminSuite will deliver a full service Policy, Billing and Claims software solution providing best-in-class functionality for Group, Voluntary and Individual Policy administration on a single platform while also supporting self-admin, full-admin and TPA models. FINEOS delivers innovative solutions to a global market and has customers, employees and established bases in North America, Europe and the Asia Pacific markets. For more information, visit www.FINEOS.com.