(Image source: APL website.)
American Public Life Insurance Company (APL; Jackson, Miss.), a provider of supplemental worksite benefits, has invested in FINEOS’s (Dublin) Platform for New Business & Underwriting for eight lines of business.
“By leveraging the FINEOS Platform, we’ll be able to improve user experience with a powerful core system that automates processes which have historically been manual for us,” comments Jerry Horton, President and CEO, APL. “This partnership will enable us to speed up quote turnaround time, improve accuracy, and reduce risk to drive our organization’s growth and strategic innovation. Our customers will benefit from better service because of our decision to move from on-prem legacy systems to the cloud-based FINEOS Platform.”
This investment comes as APL seeks to improve operational efficiency and prepares to roll out three new product lines which they will license the FINEOS Platform for, in addition to five existing lines of business, according to a vendor statement. The cloud-based FINEOS Platform for New Business & Underwriting automates workflows and decision-making throughout the quoting lifecycle, from request for proposal intake to policy implementation. Modern API service layers provide simplified integration with legacy systems and third-party ecosystems.
Superior Digital Experience
“We’re thrilled about this partnership with APL and look forward to supporting them in achieving their organizational goals,” comments Michael Kelly, CEO of FINEOS. “With the FINEOS Platform for New Business & Underwriting, APL will be able to provide a superior digital user experience at every touchpoint of their quoting, rating and underwriting processes.”
The deal with APL follows a year of unprecedented go live success for FINEOS in 2020 with 10 major carrier clients going live with 8 new installations and 7 upgrades of the FINEOS Platform for Employee Benefits.