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Allied World Goes Live with FINEOS for Claims Management

New system delivering claims and ECF Management System and will support future growth plans

FINEOS Corporation, a leading provider of claims management software for the London Market, today announced that Allied World’s Syndicate 2232 has gone live with FINEOS as its new Claims and ECF Management System.

Allied World Assurance Company Holdings, AG is headquartered in Zug, Switzerland and underwrites a wide portfolio including: Property, Liability, Aviation, Marine Cargo and Treaty classes from its box in Lloyd’s, as well as through local representative offices and coverholders overseas. The FINEOS platform was chosen because it has a proven record in the London Claims Market, and can scale to support Allied World’s future growth plans.

Selected following an open competition, FINEOS Claims for the London Market is an out-of-the-box, pre-configured, subscription and company market application.  It incorporates automated CWT file processing and embedded workflow processes to enable claims adjustors to focus on achieving the best outcome at the earliest opportunity, and with appropriate expert expenditure.

David Cameron, European Claims Manager at Allied World, welcomed the partnership with FINEOS. “We are excited to roll out our new claims system in tandem with the launch of Allied World Managing Agency Limited at Lloyd’s. Our new system combines cutting edge technology with claims content and processes specifically designed for the London Market.  We look forward to continuing to provide our clients with efficient effective and consistent claims handling.”

Michael Kelly, CEO, FINEOS commented, “We are delighted to announce the go live of Allied World, our fourth customer in the London Market. We are currently experiencing strong momentum in this market which we attribute to the advanced capabilities of FINEOS Claims solution, our strong focus on project management and delivery and our in-depth knowledge and experience of this market.”