Saturday, November 2, 2019

OTIP chooses FINEOS to manage group disability, life claims

KUALA LUMPUR, Oct 31 -- Not-for-profit organisation, Ontario Teachers Insurance Plan (OTIP) has selected FINEOS Corporation Limited to empower faster, easier and more efficient claims and payment processing for its group disability and life lines of business.

FINEOS Corporation will assist OTIP via its FINEOS Claims and FINEOS Payments.

FINEOS Claims is a best-in-class, customer-centric, web-based claims processing software solution which supports group, voluntary and individual claims on a single platform and can be deployed by carriers of all sizes.

On the other hand, FINEOS Payments is a powerful benefit calculation and disbursement module that integrates with FINEOS Claims, FINEOS Absence and FINEOS Provider to ensure accuracy and completeness while significantly reducing administrative costs.

When integrated with FINEOS Claims, FINEOS Payments also addresses medical rehabilitation services, inpatient care/invasive surgery, social security advocacy services and identification of beneficiaries on death benefit claims.

FINEOS is a market leader in core systems for life, accident and health insurance carriers globally with six over 10 group life and health carriers in the United States and Australia.

With employees and offices worldwide, FINEOS continues to scale rapidly, working with innovative progressive carriers in North America, Europe and Asia Pacific. More details on https://www.fineos.com/

-- BERNAMA

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