FINEOS Launches FINEOS Express for the London Market

FINEOS demonstrates further commitment to London with the introduction of the first claims management system integrated with ECF2

FINEOS Corporation, a market leading provider of claims management software solutions for the London Market, Insurance and Government Insurance, today announced the launch of an ‘out of the box’ claims management system specifically designed in consultation with the Market to meet the needs of start-up and small and medium syndicates. FINEOS Express is an easy to use, simple to change, cost effective claims platform that can be implemented in less than sixty days and fills the gap left by further delays to the delivery of ECF2 components other than Claims Workflow Triggers (CWT). In addition, FINEOS Express supports many of the current Lloyd’s minimum claims standards and is well positioned to meet the emerging enhanced standards.

The launch of FINEOS Express will take place on November 18 at the ACORD Suite in the City of London. Over fifty representatives of leading syndicates are registered to attend, along with Lloyd’s staff and employees of Colt Technology Services, who have worked with FINEOS to provide a hosted version of the system.

Commenting on the launch, Richard West, Sales Director, EMEA, FINEOS Corporation, said, “FINEOS Express delivers a whole new level of control, auditability, standards support and expert management. Our unique ‘out of the box’ support of ECF2 CWT file processing is further evidence of the commitment of FINEOS as the local provider to the London Market. We look forward to working with a number of syndicates as they install FINEOS Express in the near future and benefit from the ensuing reduced costs, improved controls and better customer service.”

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