FINEOS Policy Administration

Does your policy administration system force you to conform your processes to fit the software?  Does it keep you from reacting to operational issues as quickly as you would like?  Do you want to know more about the risks you are underwriting?

FINEOS Policy Administration is a configurable rules-driven solution that allows you to make changes to your business quickly and easily. It provides dynamic access to real-time information, allowing you to run reports and analyze data. 

FINEOS Policy Administration helps improve operational efficiency and manage risk by:

  • Automatic generation of forms and documents
  • Eliminating manual efforts via straight-through processing (STP)
  • Providing quick access to comprehensive third-party information via secure connections
  • Support for electronic billing for third parties

FINEOS Policy Administration supports product manageability and speed to market through:

  • Fast and flexible product creation
  • Calculation of risk charges
  • Notification and alteration for back-dated changes
  • A rules-based environment, allowing both business and technical users to control their operations as needed to respond to market conditions

FINEOS Policy Administration helps you deliver outstanding customer service via:

  • Comprehensive case management, intelligent work routing, and straight-through processing (STP) in a single system
  • Detailed history and reporting capabilities.
  • Support 24x7 access via multiple distribution channels

FINEOS Policy Administration is part of FINEOS’ component-based suite of solutions available for the insurance industry:

  • Life & Health / Pension Insurance (including long-tail claims associated with specialty lines) such as:
    • Disability (long-term, short-term, group, and individual)
    • AD&D
    • Critical illness
    • Dental
  • Social Insurance
  • Bancassurance