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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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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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Will Federal Paid Leave Renew Under The Biden Administration?

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

This month as President Biden took office, he announced a proposed stimulus plan which would include reviving federal paid leave. Last April, the Families First Coronavirus Response Act (FFCRA) created a temporary federal paid leave requirement for many employers that expired on December 31, 2020. While Congress passed a second stimulus bill during the last days of December 2020, it did not extend the FFCRA’s paid leave mandates; … Read More

Tax Credits Are All That Is Left on Paid Federal Leave in 2021

Lori Welty, Esq., Absence Management Senior Compliance Attorney

As 2020 wraps up, the leave of absence community waited with baited breath to see if Congress would extend the mandatory paid leave provisions of the Families First Coronavirus Response Act (“FFCRA”), implemented last March and set to expire December 31, 2020. The FFCRA had expanded the federal Family and Medical Leave Act (FMLA) via … Read More

3 Ways to Strategize for Uncertainty During Natural Disasters, Pandemics, and Public Health Emergencies: Acknowledge, Assess, and Analyze

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

The fall of 2020 has presented a unique set of challenges across America when it comes to public emergencies. The country, and indeed the globe, continue to battle the COVID-19 pandemic and parts of the United States are also battling other natural disasters such as hurricanes and tropical storms in the Southeast and record-breaking wildfires in the mountains and the West. If 2020 has taught us anything, it’s the need for continuous … ...

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The Revolution is Finally Here for the Insurance Industry

Jason T Andrew, President, North America

Summary: One insurer found that 120 steps could be condensed, digitally, to seven and turnaround time reduced from several days to a few minutes. We are finally beginning to experience a long-awaited revolution in the insurance industry. Historically, insurance has been one of the last and slowest industries to embrace technology as a means of … Read More