Date – 02/03/022
PetPartners Group Pet Insurance movements to the FINEOS Enrollment Portal to help extended exponential boom in puppy insurance worker advantage marketplace
Nowadays announced that superior puppy coverage underwriter, Independence American Insurance Company (IAIC), will leverage the cloud local FINEOS Enrollment Portal for enterprise critical capabilities supporting its industry-first PetPartners Group Pet Insurance product.
“We are thrilled to companion with FINEOS and undertake the FINEOS Enrollment Portal to permit a consumer-friendly enjoy as we keep increasing our institution puppy insurance presenting to agencies and clients,” said Lane Kent, Chief Operating Office of Independence Pet Group and President, PetPartners
Group pet insurance is a quick-developing voluntary marketplace product in North America. Approximately $100B changed into spent on puppy possession inside the United States in 2020 and pet insurance revenue made up $1.9B with an anticipated 9.7 % CAGR over the subsequent five years. (Source: Graphical Research). IAIC will rent the FINEOS Enrollment Portal with extensions, a new FINEOS Platform thing inside the FINEOS Engage solution. The FINEOS Enrollment Portal provides IAIC with a nimble technique to product/plan management that consists of employee enrollment, document keeping, front cease billing/fee control and claims submissions for pet coverage.
“As home canine coverage for the employee advantages marketplace grows exponentially, IAIC continues to put money into contemporary answers with a view to assist us to recognize our customer-centric and driven-by-technology techniques and assist us bring the nice domestic dog insurance revel in to the market,” says Kent. “We stay up for maximizing the FINEOS Enrollment Portal with its open and bendy structures on the way to assist us to meet present day and destiny boom dreams,” offers Kent.
The FINEOS Enrollment Portal structure leverages scalable containerized microservices with information models which can be fully auditable, trackable and uses event sourcing. With high flexibility throughout various product and rating definitions and types, including immediate score and trouble, the FINEOS Enrollment Portal simplifies the procedure of building user revel in and branding.
“We are proud to help IAIC with their virtual transformation efforts for PetPartners Group Pet Insurance. Because the whole FINEOS Platform is purpose-constructed to aid the Employee Benefits marketplace, the FINEOS Enrollment Portal has the ability to easily cope with new voluntary product classes as our customers innovate in the marketplace,” says Michael Kelly, CEO FINEOS.
“As employers compete for skills in a very competitive marketplace, the want for brand spanking new and specific benefit offerings that meet the wishes of multiple generations of workers can be a key issue to attracting, retaining and developing an engaged, effective, cohesive and constant group,” says Nancy Casbarro, Vice President Research & Consulting, Aite-Novarica.
About FINEOS Corporation
FINEOS is a main company of center systems for lifestyles, accident and health insurers globally with 7 of the 10 largest employee advantages insurers inside the US in addition to 6 of the biggest lifestyles insurers in Australia. With personnel and places of work throughout the world, FINEOS maintains to scale hastily, running with revolutionary, innovative insurers in North America, Europe, and Asia Pacific.
The FINEOS Platform is the handiest motive-built, end-to-cease SaaS coverage solution for the life, accident and health market. The FINEOS AdminSuite can provide industry main capabilities throughout middle management together with absence control, billing, claims, bills, coverage administration, provider control and new business and underwriting; all of that are configurable to operate independently or as one suite. The gadget studying enabled FINEOS Engage solution allows robust people first digital engagement pathways and the FINEOS Insight solution offers predictive analytics and reporting across the enterprise.
About PetPartners, Inc.
Headquartered in Raleigh, NC, PetPartners is the marketer and administrator of puppy insurance, underwritten by way of Independence American Insurance Company, both owned by way of Independence Pet Group. Coverage administered via PetPartners gives get admission to to the pleasant of hospital treatment your pet wishes, thru the certified veterinarian of your preference.
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