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Last updated on April 16, 2014 at 17:28 EDT

QUINN-Insurance Goes Live With FINEOS Claims(R)

December 3, 2008

DUBLIN, Ireland, December 3 /PRNewswire/ — FINEOS Corporation, a global
provider of innovative enterprise software solutions for insurance,
bancassurance, and government, announced today that QUINN-Insurance, the
second largest property & casualty insurer in Ireland, has gone live with its
FINEOS Claims solution. FINEOS is now providing comprehensive enterprise
claims management for QUINN’s private motor lines and will be used by 600
employees at QUINN’s insurance operations in Ireland. The second phase of the
project will see the expansion of FINEOS Claims to cover commercial lines and
home insurance.

Colin Morgan, General Manager at QUINN-Insurance, welcomed the go-live of
the project. “FINEOS Claims will deliver improved efficiencies in claims
processing which in turn helps us deliver greater value to our customers.
FINEOS will support our future growth plans by enabling us to drive a more
efficient claims process to manage reserves and deliver customer
satisfaction.”

In the high claims volume insurance industry, particularly for motor
claims, it is critical that insurers can process more claims faster and with
greater accuracy. FINEOS Claims enables QUINN to automate its claims process
and reduce administrative costs.

FINEOS was selected by QUINN following an evaluation of software
solutions available for general insurance (property & casualty) claims
processing. FINEOS’ general insurance expertise and track record of delivery
in the sector were key factors in the selection. QUINN was also confident
that FINEOS was best placed to meet the aggressive timeframes it set for the
project.

According to Michael Kelly, CEO, FINEOS Corporation, “We are delighted to
have QUINN on board as a live client. The project timescales were aggressive
but both companies worked well together to drive a focused and successful
implementation.”

About QUINN Insurance

Since being established in 1996, QUINN-Insurance has transformed the
Irish insurance market by driving down the cost of insurance in Ireland and
has gained a reputation for value, customer service and innovation.
QUINN-Insurance has been the fastest growing insurance company in Ireland
over the past 12 years, due to the excellent value products they have
provided to their customers. QUINN-Insurance is now the second largest
insurer in Ireland. In recent years QUINN-Insurance has expanded its business
outside of Ireland and now is a leading insurer in the UK. The Company
provides general insurance products including private and commercial motor,
health and home insurance, as well as a range of business insurance options,
including employer’s liability, public liability and property damage.
Products are sold over the phone to customers and brokers from purpose built
call centres in Ireland and the UK. In addition, the Company’s Internet site
allows customers to get immediate cover for private motor, home and
commercial motor insurance. The Company has over one million customers who
have come for excellent value and top quality customer service.
QUINN-Insurance Limited is regulated by the Irish Financial Regulator. For
more information, please visit http://www.quinn-insurance.ie

About FINEOS Corporation

FINEOS is a global innovator of enterprise software solutions for
insurance, bancassurance, and government. FINEOS solutions address core
business processing requirements including claims & case management, CRM, new
business/underwriting, and policy administration. FINEOS solutions are built
on a rules-driven, service-oriented, component-based enterprise platform that
serves as a flexible infrastructure for new product introduction, legacy
enrichment, and business transformation. FINEOS is delivering documented
benefits for some of the world’s leading insurers, government agencies and
banking institutions. The company is headquartered in Dublin, Ireland with
offices in North America, Europe and Australasia. For more information,
please visit http://www.FINEOS.com.

    Contact:

    Susanne Ryan
    Senior Marketing Manager
    FINEOS Corporation
    +353-1-6399918
    susanne.ryan@FINEOS.com

SOURCE FINEOS Corporation


Source: newswire