ATLANTA–(BUSINESS WIRE)–FINEOS Company (ASX:FCL) immediately introduced that premier pet insurance coverage underwriter, Independence American Insurance coverage Firm (IAIC), will leverage the cloud native FINEOS Enrollment Portal for enterprise crucial features supporting its industry-first PetPartners Group Pet Insurance coverage product.
“We’re happy to accomplice with FINEOS and undertake the FINEOS Enrollment Portal to allow a user-friendly expertise as we proceed increasing our group pet insurance coverage providing to companies and customers,” mentioned Lane Kent, Chief Working Workplace of Independence Pet Group and President, PetPartners
Group pet insurance coverage is a fast-growing voluntary market product in North America. Roughly $100B was spent on pet possession in america in 2020 and pet insurance coverage income made up $1.9B with an anticipated 9.7 % CAGR over the subsequent 5 years. (Supply: Graphical Analysis). IAIC will make use of the FINEOS Enrollment Portal with extensions, a brand new FINEOS Platform element inside the FINEOS Have interaction resolution. The FINEOS Enrollment Portal supplies IAIC with a nimble strategy to product/plan administration that features worker enrollment, file protecting, entrance finish billing/fee administration and claims submissions for pet insurance coverage.
“As pet insurance coverage for the worker advantages market grows exponentially, IAIC continues to spend money on revolutionary options that may assist us to comprehend our customer-centric and driven-by-technology methods and assist us convey one of the best pet insurance coverage expertise to the market,” says Kent. “We stay up for maximizing the FINEOS Enrollment Portal with its open and versatile methods that may assist us to satisfy present and future development targets,” provides Kent.
The FINEOS Enrollment Portal structure leverages scalable containerized microservices with information fashions which are totally auditable, trackable and makes use of occasion sourcing. With excessive flexibility throughout various product and score definitions and kinds, together with instant score and difficulty, the FINEOS Enrollment Portal simplifies the method of constructing consumer expertise and branding.
“We’re proud to assist IAIC with their digital transformation efforts for PetPartners Group Pet Insurance coverage. As a result of the whole FINEOS Platform is purpose-built to assist the Worker Advantages market, the FINEOS Enrollment Portal has the pliability to simply take care of new voluntary product classes as our clients innovate available in the market,” says Michael Kelly, CEO FINEOS.
“As employers compete for expertise in a particularly aggressive market, the necessity for brand new and completely different profit choices that meet the wants of a number of generations of staff could be a key element to attracting, retaining and creating an engaged, productive, cohesive and dependable crew,” says Nancy Casbarro, Vice President Analysis & Consulting, Aite-Novarica.
About FINEOS Company
FINEOS is a number one supplier of core methods for all times, accident and well being insurers globally with 7 of the ten largest worker advantages insurers within the US in addition to 6 of the most important life insurers in Australia. With workers and places of work all through the world, FINEOS continues to scale quickly, working with revolutionary, progressive insurers in North America, Europe, and Asia Pacific.
The FINEOS Platform is the one purpose-built, end-to-end SaaS insurance coverage resolution for the life, accident and well being market. The FINEOS AdminSuite delivers {industry} main capabilities throughout core administration together with absence administration, billing, claims, funds, coverage administration, supplier administration and new enterprise and underwriting; all of that are configurable to function independently or as one suite. The machine studying enabled FINEOS Have interaction resolution permits strong individuals first digital engagement pathways and the FINEOS Perception resolution supplies predictive analytics and reporting throughout the enterprise.
For extra info, go to www.FINEOS.com.
About PetPartners, Inc.
Headquartered in Raleigh, NC, PetPartners is the marketer and administrator of pet insurance coverage, underwritten by Independence American Insurance coverage Firm, each owned by Independence Pet Group. Protection administered by PetPartners supplies entry to the standard of medical care your pet wants, by means of the licensed veterinarian of your alternative. Please go to www.petpartners.com for added info.