American Public Life Signs Deal with FINEOS for New Business & Underwriting Solution
06 Aprile 2021 - 3:10PM
Business Wire
The cloud-based FINEOS Platform will enable the
company to streamline and automate quoting, rating, and
underwriting processes.
FINEOS Corporation (ASX:FCL) today announced that American
Public Life Insurance Company (APL), a leading provider of
supplemental worksite benefits, has invested in the FINEOS Platform
for New Business & Underwriting for eight lines of
business.
“By leveraging the FINEOS Platform, we’ll be able to improve
user experience with a powerful core system that automates
processes which have historically been manual for us,” said Jerry
Horton, President/CEO of APL. “This partnership will enable us to
speed up quote turnaround time, improve accuracy, and reduce risk
to drive our organization’s growth and strategic innovation. Our
customers will benefit from better service because of our decision
to move from on-prem legacy systems to the cloud-based FINEOS
Platform.”
This investment comes as APL looks to improve operational
efficiency and prepares to roll out three new product lines which
they will license the FINEOS Platform for, in addition to five
existing lines of business. The cloud-based FINEOS Platform for New
Business & Underwriting automates workflows and decision-making
throughout the quoting lifecycle, from request for proposal intake
to policy implementation. Modern API service layers provide
simplified integration with legacy systems and third-party
ecosystems.
“We’re thrilled about this partnership with APL and look forward
to supporting them in achieving their organizational goals,” said
Michael Kelly, CEO of FINEOS. “With the FINEOS Platform for New
Business & Underwriting, APL will be able to provide a superior
digital user experience at every touchpoint of their quoting,
rating and underwriting processes.”
The deal with APL follows a year of unprecedented go live
success for FINEOS in 2020 with 10 major carrier clients going live
with 8 new installations and 7 upgrades of the FINEOS Platform for
Employee Benefits.
For more information about the FINEOS Platform for New Business
& Underwriting, please visit
https://www.fineos.com/market-solutions/new-business-and-underwriting-solution.
About FINEOS Corporation
FINEOS is a leading provider of core systems for life, accident
and health insurers globally with 7 of the 10 largest group life
and health carriers in the US as well as 6 of the largest life
insurers in Australia. With employees and offices throughout the
world, FINEOS continues to scale rapidly, working with innovative
progressive insurers in North America, Europe, and Asia
Pacific.
The FINEOS Platform provides core administration capabilities
including integrated disability and absence management (IDAM),
billing, claims, payments, policy administration, provider
management and new business and underwriting; all of which are
configurable to operate independently or as FINEOS AdminSuite the
leading Employee Benefits end-to-end core administration suite.
For more information, visit www.FINEOS.com.
About American Public
Life
Founded in 1945, American Public Life Insurance Company (APL)
continues expanding the benefits horizon as a leading provider of
voluntary worksite benefits with offices in Jackson, MS and
Oklahoma City. APL is licensed to conduct business in 49 states
with sales through select independent brokers and has a financial
rating of “A+ (Superior)” through A.M. Best (www.ambest.com). For
more information, please visit ampublic.com.
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Victoria Jamison Sr Marketing Manager FINEOS Corporation + 353 1
639 9700 victoria.jamison@fineos.com
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