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Irish P&C Carrier FBD Goes Live on FINEOS Claims

FBD chose FINEOS Claims to enable the large Irish carrier manage its claims more effectively and efficiently, and also assist in identifying fraudulent activity more easily.

FBD Insurance, one of Ireland's top three P&C carriers has gone live on FINEOS Claims. FBD offers a comprehensive set of personal and commercial products, as well as financial products, through its No Nonsense direct Internet channel, by telephone and by a network of independent agents and branch offices.

FINEOS Claims will enable FBD to manage its claims more effectively and efficiently, and also assist in identifying fraudulent activity more easily, according to a FINEOS statement. Those advantages will result in a shorter claims cycle for FBD customers and greater transparency across the entire function, FINEOS claims. FINEOS was selected following an international tender process facilitated by independent analysts that included leading US and European insurance software vendors.

"The insurance industry faces the steep challenge of offering more competitive products while delivering better customer service and greater overall value through business efficiency and productivity," comments Eimear O'Broin, director of IT & business processes, FBD. "We believe our partnership with FINEOS will help us to meet our business automation plans and also enable us to quickly take advantage of the continuous new advances in technology. FINEOS offered the best combination of a flexible and configurable modern solution, with very strong customer references in terms of implementation project delivery and ongoing support. The product, as well as the FINEOS reputation and track-record of successful delivery of core insurance solutions, were very important factors in our choice of insurance solutions partner."

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio

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