Blog

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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How Employee Benefits Carriers Can Simplify Employers’ Attendance Policies

Megan G. Holstein, Esq., SVP Absence and Claims Product

As an employer, whether producing widgets, serving food to the public, or running a government entity, the organization relies on employees to come to work (whether physically or virtually) as scheduled.  In the absence management industry, a niche market that solely exists because employees might and do miss work, managing attendance gets complex. A recent court case highlights just one small area of the absence ...

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Does your core have the strength to address $10M in premium leakage a year?

Dan Watt, VP, Product Management

Imagine this: your employer uses  an outdated technology for payroll. Because of this, your paycheck is a different amount each week. Assuming you’re a salaried employee, can you imagine accessing your bank balance and scanning your recent transactions each week to confirm if the amount deposited is close enough to what you were expecting?  If it’s not close enough, you have to call your bank, employer and potentially another third party to ...

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