Company Research Report: FINEOS Corporation

Company Overview

• Name: FINEOS Corporation

• Mission: To be the global market-leading SaaS core platform for group and individual life, accident, and health.

• Founding: FINEOS was established by Michael Kelly in 1993.

• Key People:

• Michael Kelly - Executive Director & Chief Executive Officer

• John Brennan - Chief Operating Officer

• Ian Lynagh - Chief Financial Officer

• Jonathan Boylan - Chief Technology Officer

• Eoin Kirwan - Chief Product Officer

• Joanne McMullan - Chief People Officer

• Paul Eastwood - Chief Information Security Officer

• Marc Flynn - Chief Customer Success Officer

• Dan Watt - Chief Marketing Officer

• Paul Donnelly - Executive Vice President EMEA

• Anne O'Driscoll - Chairman Non-executive Director

• David Hollander - Non-executive Director

• William Mullaney - Non-executive Director

• Terri Rhodes - Board of Directors, Non-Executive Director

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• Known for: Leading provider of core systems for life, accident, and health insurers globally, with a significant market share among employee benefits insurers in the U.S. and Australia.

Products

• FINEOS Platform: A comprehensive core insurance platform for Life, Accident & Health (LA&H) insurers, offering products and solutions across core administration like claims, billing, policy administration, and absence management.

• FINEOS AdminSuite:

• Provides new business, billing, claims, absence, and policy administration

• Supports operational processing and data management

• FINEOS Absence for Employers:

• Cloud-based absence management solution

• Automates and manages compliance with intricate leave laws

• FINEOS Claims:

• Straight-through processing claims management

• Key Features and Technologies:

• Machine Learning-enabled digital ecosystem

• SaaS-based core insurance system

• Robust Platform Capabilities for enhanced user experiences and analytical data

• Actionable Data and Predictive Analytics to guide business decisions

Recent Developments

• FINEOS partnered with Voya Financial to enhance integrated disability and absence management solutions, scheduled to go live in 2025.

• A shift of ACC’s on-premise implementation to the FINEOS Platform for cloud-based claims and payments was announced, future-proofing NZ’s Accident Compensation.

• The launch of FINEOS Absence for Employers, providing an extensive absence management solution with several significant features, announced in March 2024.

• A partnership with Osara Health aimed at enhancing services for cancer patients through innovative technology.

• Partners Life introduced medical claims processes on the FINEOS Platform (September 2023).

• Securian Canada expanded its disability management services using the FINEOS Platform.

Partnerships

• Strategic Systems Integrators: EY, Deloitte, PWC, Levio

• Strategic Application Partners: ReedGroup MDGuidelines, Salesforce, Smart Communications

• Technical Partners: AWS, Microsoft, Oracle, IBM

• Industry Associations: ACORD, ALUCA, CLHIA, DMEC, ICA, LIMRA

Additional Information

• Awards: Technology Ireland Digital Technology Services Project of the Year 2022; Business & Finance Elevation Award 2022; multiple recognitions in innovation, HR, and technology.

• Vision: A world where protection from illness, injury, and loss is accessible to everyone.

• Corporate Social Responsibility: Committed to societal contributions, diversity, equity, inclusion, and reconciliation efforts, maintaining sustainable and ethical business practices.