Beneva Selects the FINEOS Platform for Group Benefits Life & Disability Claims Management
08 Luglio 2021 - 3:15PM
Business Wire
New deal will enable the carrier to leverage
SaaS technology for simplified processes and improved customer
service
FINEOS Corporation (ASX:FCL), a leading provider of core systems
for life, accident and health insurers globally, and Beneva, the
largest mutual insurance company in Canada, have jointly announced
a partnership agreement for Beneva to use the FINEOS Platform as
its Group Benefits claims management solution for Disability, Life,
AD&D, and Critical Illness. Beneva was created in July 2020 by
La Capitale and SSQ Insurance joining forces.
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Eric Trudel, Executive Vice-President and
Lead – Group Insurance at Beneva (Photo: Business Wire)
“Looking to the future success of our organization, we need a
modern, agile Group claims management system for Life &
Disability benefits that will allow us to provide the very best
service and online tools for our plan sponsors and customers,” said
Eric Trudel, Executive Vice-President and Lead – Group Insurance at
Beneva. “We’ve selected the FINEOS Platform as a long-term solution
to simplify our business processes, yield faster turnaround times,
and improve our customers’ digital experience. Also, the platform
will allow us to provide our health continuum concept that goes
from prevention, well-being though disability management and
rehabilitation and return to work.”
Beneva will deploy the FINEOS Platform across their group
insurance coverages, including Disability, Life, Critical Illness,
and Accidental Death & Dismemberment, providing their staff
with a unified view of the customer across all types of claims.
The FINEOS Platform is the leading claims processing software
for the Life, Accident and Health insurance industry. Used globally
by over 60 insurance organizations, the FINEOS tracking software
supports both group and individual claims on a single SaaS
platform.
“We’re very excited about this new partnership with Beneva and
look forward to supporting them in achieving their digital
transformation goals,” says Michael Kelly, FINEOS CEO. “By
leveraging the FINEOS Platform, Beneva will be able to remain
competitive in this quickly evolving market which demands that
carriers deliver advanced digital capabilities and fast turnaround
times.”
This new engagement with Beneva comes during a year of growth
for FINEOS, having just recently completed the acquisition of
Spraoi, a leading provider of machine learning capabilities for the
Group Life and Employee Benefits industry. The acquisition adds
advanced digital and machine learning capabilities to the FINEOS
Platform.
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 absence management, billing, claims, payments, policy
administration, provider management and new business and
underwriting; all of which are configurable to operate
independently or as FINEOS AdminSuite, an end-to-end core
administration suite.
For more information, visit www.FINEOS.com.
About Beneva
Beneva was created by the coming together of La Capitale and SSQ
Insurance to become the largest mutual insurance company in Canada
with more than 3.5 million members and customers. Beneva employs
over 5,000 dedicated employees: people looking out for people. Its
human approach is rooted in mutualist values that are shared by its
employees. With $25 billion in assets, Beneva positions itself as a
major player in the insurance and financial services industry. Its
head office is located in Quebec City.
For more information, please consult beneva.ca.
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Victoria Jamison Sr. Marketing Manager FINEOS Corporation + 353
1 639 9700 victoria.jamison@FINEOS.com
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