Global insurance tech eyes Australian expansion

A global provider of life insurance claims software entered into a strategic partnership with an Australian wealth management consultancy.

FINEOS, which services clients including AMP, CommInsure, Macquarie, ANZ, TAL and Westpac, has joined up with wealth manager Sequential to create a range of consulting services for insurers here and in New Zealand.

Part of the reason for this, according to FINEOS chief executive Michael Kelly, is to meet increasing demand from super funds to "extract maximum value from core systems" while they focus on member engagement.

"Our partnership with Sequential delivers on our commitment to provide not only the best software available, but also exceptional consulting capability," Kelly said.

"Sequential will significantly broaden the scope of expert consulting services available to support FINEOS clients and help them extract the maximum possible value from their investment. Sequential joins our worldwide partner ecosystem of strategic alliances partners, and technical and application partners."

Sequential managing partner Adrian Johnstone added: "FINEOS is the stand-out technology for claims management and we're excited to extend it with our benchmarking, organisational change management, process optimisation and project audit capabilities."

FINEOS currently has 13 insurer clients in Australia and New Zealand using the FINEOS Claims software for group and retail business.

Read more: SequentialAustraliaNew ZealandAdrian JohnstoneANZCommInsureFINEOS ClaimsMacquarieMichael KellyTALWestpac
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