Blog

7 Takeaways from the FINEOS Virtual Exchange and What They Mean for Insurance Carriers

Michael Kelly, CEO

Last month, we held our second FINEOS Virtual Exchange. The theme of “Show Me the Benefits!” focused on the real tangible benefits our clients achieve with the FINEOS Platform for Employee Benefits. Here are some of the key takeaways from the event that I wanted to share. 1. Purpose-built for Group, Voluntary and Absence – … Read More

Washington State Passes New Legislation Expanding Paid Family Leave

Lori Welty, Esq., Absence Management Senior Compliance Attorney

When new leave legislation goes into effect, insurance carriers need agile absence management solutions in order to adapt in real time. In this blog, you’ll learn key details of recently passed legislation on paid family leave in Washington state and how FINEOS is helping carriers remain in compliance.    In January 2020, Washington’s Paid Family and Medical Leave program launched, providing benefits for employees to take leave for their ...

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FINEOS Celebrates the Acquisition of Spraoi

Michael Kelly, CEO

A letter from Michael Kelly, CEO FINEOS We have some exciting news to share with you and your colleagues. FINEOS Corporation, the global market leader in core systems for life, accident and health insurance has entered into an agreement to acquire Spraoi, a leading provider of machine learning capabilities for the Group Life and Employee … Continued

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Pennsylvania Enacts New Leave Legislation; The Living Donor Protection Act

Lori Welty, Esq., Absence Management Senior Compliance Attorney

When new leave legislation goes into effect, insurance carriers need agile absence management solutions in order to adapt quickly. In this blog, you’ll learn key details on a recently passed bill in Pennsylvania, and how FINEOS is helping carriers remain in compliance.    On April 27, the Governor of Pennsylvania enacted House Bill 203, the Living Donor Protection Act, providing leave protection for organ and tissue … Read More

Why SaaS Insurance Core Systems are more than Cloud Hosting

Jonathan Boylan, Chief Technology Officer

Digital transformation is happening faster than ever in the insurance industry. In this blog, you’ll learn key factors to keep in mind when considering cloud-based core insurance software options.  These days, most insurance carriers I meet with see the value in adopting cloud solutions. But they’re often faced with the difficult challenge of comparing cloud solutions with each other and against on-premises alternatives. Which has more ...

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Everything You Need to Know About the New Mexico Healthy Workplaces Act

Lori Welty, Esq., Absence Management Senior Compliance Attorney

When new leave legislation goes into effect, insurance carriers need agile absence management solutions in order to adapt quickly. In this blog, you’ll learn key details on the recently passed New Mexico Healthy Workplaces Act and how FINEOS is helping carriers remain in compliance.   On April 8, Governor Grisham of New Mexico signed the House Bill 20, the Healthy Workplaces Act, bringing paid sick leave to the state. New Mexico joins 15 ...

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Does Unscheduled Time Count Against an Employee’s FMLA bank? The Answer May Surprise You!

Lori Welty, Esq., Absence Management Senior Compliance Attorney

On January 15, the 9th Circuit issued a decision in Scalia v. Alaska, 2021 U.S. App. Lexis 1152 (9th Cir. 2021), reversing course on earlier court decisions addressing the correct method for deducting full weeks of leave for rotational employees. The new decision establishes that employers can use an employers’ definition of workweek, instead of one applicable to an individual employee, in deducting full weeks of FMLA leave. The result is ...

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