Modernize Employee Benefits Management: Why Purpose-Built is Key | FINEOS White Paper
Excerpt: To understand why a purpose-built solution is best for employee benefits carriers requires a look at the ...
Legacy core systems utilized a ‘one size fits all’ business technology approach that no longer fits the needs of an agile business. Today, consumers, employers and brokers have access to powerful SaaS computing platforms and software tools that set a much higher bar for an insurer’s digital strategy.
Monolithic insurance software models of the past focused solely on details of the insurance contract. Today’s core systems focus on product, consumer, and capabilities needed to provide frictionless customer engagement opportunities. Modern digital core systems are purpose-built and component-based to connect to other parts of the value chain through standardized APIs and industry standards.
To fully reap the benefits of digital transformation, insurers must embrace this core model to deliver the frictionless service both consumers and brokers now demand.
FINEOS AdminSuite architecture is designed specifically for the Life, Accident and Health industry. A comprehensive suite, it includes absence, billing, claims, payments, policy, provider, quote, rate and underwrite. FINEOS AdminSuite is built on the robust Platform Capabilities and designed to connect to the partners and digital platforms that increasingly define the insurance landscape.
Digital tools that create frictionless engagement.
Analytical tools to better understand customer and operational data to make your business smarter and more streamlined.
Critical to the FINEOS Platform are the robust Platform Capabilities that underlie FINEOS AdminSuite, FINEOS Engage and FINEOS Insight, providing technical architecture, an enhanced user experience and great analytical data.
Excerpt: To understand why a purpose-built solution is best for employee benefits carriers requires a look at the ...
Episode 004 | Shaping the Employee Benefits Industry; The FINEOS Acquisition of Limelight Health In this episode of ...
Recorded on April 14, 2022. Watch as our expert panel discuss: Updates on the progress FINEOS is making with the ...