IBM Session at Cloud Expo

FINEOS Corporation, a provider of innovative enterprise software solutions for insurance and government, on Monday announced that its software has been validated for the IBM Government Industry Framework. The Framework is a unified software platform that enables government agencies to quickly deploy comprehensive solutions with industry-specific extensions at a lower cost, without compromising on flexibility or choice. FINEOS, a long established partner of IBM, supports claims processing for organisations that provide government social insurance for Bodily Injury, Compulsory Third-Party (CTP), Disability and Work Cover. In recognition of the strength of the FINEOS offering, delivered with IBM technologies and services, IBM has validated FINEOS as a leading software provider in the government arena.

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According to Michael Kelly, CEO, FINEOS Corporation, “Working with IBM and leveraging the full power of SOA allows us to offer complete solutions that enable government agencies to lower costs, improve business agility and deliver a more enhanced citizen-centric experience. Achieving this certification from IBM strengthens our position as the global solution of choice for government insurance agencies”.

FINEOS is currently working with some of the world’s largest and most complex government insurers. The list includes the Accident Compensation Corporation (New Zealand), the Transport Accident Commission (Australia), the Saskatchewan Workers’ Compensation Board (Canada), Manitoba Public Insurance (Canada), the Road Accident Fund (South Africa), WorkSafe Victoria (Australia), and the Lifetime Care and Support Authority (Australia).

The new validation means that FINEOS clients can be confident that when they select FINEOS they have chosen a solution that incorporates a proven software foundation, government-industry-specific extensions, pre-built solution accelerators and implementation patterns for faster deployment at lower risk. All FINEOS solutions are built on the FINEOS Insurance Platform, a customer and case centric, component-based product platform that delivers powerful core processing against an enterprise business model. The basis of the FINEOS Insurance Platform is the rules-driven FINEOS technical architecture (FINEOS TA) which is web-centric and deployed on a JEE-based technology stack with a pre-built data model ensuring that systems can be easily integrated within an existing legacy environment.