FINEOS
Corporation, a market-leading provider of group, voluntary, and
individual core systems for life, accident and health insurance,
announced today that it has achieved Amazon
Web Services (AWS) Financial Services Competency status. This
designation recognizes FINEOS for delivery of effective solutions to
help insurers manage critical issues pertaining to the industry, such as
core systems implementations, data management, navigating compliance
requirements, and establishing governance models.
Achieving the AWS Financial Services Competency differentiates FINEOS as
an AWS
Partner Network (APN) member that has demonstrated relevant
technical proficiency and proven customer success, delivering solutions
seamlessly on AWS. To receive the designation, APN Partners must possess
deep AWS expertise and undergo an assessment of the security,
performance, and reliability of their solutions.
Peter Le Beau, MBE, was behind the organization of a major charity
initiative ‘Seven Families’ which used storage capacity provided by
FINEOS’ AWS’s facilities. “Because of the sensitive nature of the
project and a very restricted budget, we were concerned about providing
strong data security for the project. FINEOS managed this through their
AWS facilities and provided a secure area which was invaluable and yet
flexible and easy to operate within. It was one of the key aspects of
the project and helped to make it possible.”
“FINEOS is proud to achieve AWS Financial Services Competency status,”
said Michael
Kelly, CEO, FINEOS. “Our team is dedicated to helping our customers
achieve their business goals by leveraging the agility of the FINEOS
Platform.”
AWS is enabling scalable, flexible, and cost-effective core solutions
from start-ups to global enterprises. To support the seamless
integration and deployment of these solutions, AWS established the AWS
Competency Program to help customers identify Consulting and
Technology APN Partners with deep industry experience and expertise.
FINEOS
AdminSuite is deployed on the FINEOS Platform on AWS. FINEOS
AdminSuite is the first truly component-based core product suite
developed organically and specifically for group, voluntary and
individual life, accident and health. FINEOS also supports fully
Integrated Disability and Absence Management (IDAM), which is a crucial
solution for US employee benefit carriers to achieve and maintain a
competitive edge in the US market. Today, consumers, employers and
brokers have access to powerful Software-as-a-Service (SaaS) computing
platforms and software tools that set a much higher bar for an insurer’s
digital strategy. As a member of the APN, FINEOS leverages AWS’s highly
reliable, secure, and scalable cloud solutions to deliver FINEOS
AdminSuite to the global life, accident, and health insurance market.
FINEOS deployments on AWS adhere to the AWS Well-Architected Framework
and best practices to security, high availability, support, costs, and
automation on AWS.
About FINEOS Corporation
FINEOS is a market leader in core systems for life, accident and health
insurance carriers globally with 6 of the top ten group life and health
carriers in the US as well as 6 of the top 10 life and health carriers
in Australia. With employees and offices throughout the world, FINEOS
continues to scale rapidly, working with innovative progressive carriers
in North America, Europe, and Asia Pacific.
The FINEOS Platform provides customers full end to end core
administration for group, voluntary and individual across life, accident
and health. The FINEOS
Platform includes the FINEOS
AdminSuite core product suite as well as add-on products, FINEOS
Engage to support digital engagement and FINEOS
Insight for analytics and reporting.
For more information, visit www.FINEOS.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190620005339/en/