FINEOS Partners With IBM

FINEOS Corp., a provider of claims management software, is including the IBM Insurance Framework in its product. FINEOS says insurance solutions offered by IBM are built on the IBM Framework and aim to create more flexible, responsive insurance companies through the progressive transformation of operational processes. FINEOS, a partner of IBM, offers FINEOS Claims, a solution to manage claims for life and disability, P&C, London market and government insurance.

FINEOS says the IBM Insurance Framework offers insurance process solutions and industry-specific software accelerators based on a Smart SOATM platform. It provides companies with an approach that enables them to progressively transform their core processes, while addressing the challenges of complex legacy systems that prolong delivery time, increase project risk and drive high delivery costs.

FINEOS and IBM have worked together since 2002 to deliver claims solutions to the insurance industry, according to FINEOS.