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The FINEOS Insurance Platform

FINEOS has engineered a customer and case centric, rules-driven, component-based product platform that delivers powerful core processing against an enterprise business model. The FINEOS Insurance Platform underlies all FINEOS solutions and is available as the foundation for customer-led joint development efforts. FINEOS offers its clients the option of licensing the FINEOS Insurance Platform or individual components as required to meet their specific business objectives.

The FINEOS Insurance Platform provides significant advantages to our clients, including the ability to:

• Separate the strategic from the routine
• Make more refined “buy v. build” decisions
• Share in our development
• Focus resources on proprietary requirements
• Control scope and phasing of implementation
• Limit obsolescence around future “legacy replacement”
• Manage risks and cost
• Provide migration options for business transformation

The FINEOS Insurance Platform delivers advanced business process management (BPM) capabilities and gives both business and technical users control over their operations. Our workflow, decision support, and straight-through processing (STP) capabilities deliver benefits by seamlessly integrating work received from different channels and guiding users through the most complex service and product-management processes.

The FINEOS Insurance Platform is underpinned by the FINEOS technical architecture (TA). FINEOS TA is completely web-centric and deployed on a J2EE-based technology architecture with a pre-built data model. FINEOS TA leverages a service-oriented architecture (SOA), ensuring that systems can be easily integrated within an existing legacy environment. The nature of SOA also ensures that FINEOS products will remain viable as business needs and systems change.