|By Business Wire||
|April 29, 2014 04:39 AM EDT||
FINEOS Corporation, a leading provider of claims management software for the London Market, today announced that Allied World’s Syndicate 2232 has gone live with FINEOS as its new Claims and ECF Management System.
Allied World Assurance Company Holdings, AG is headquartered in Zug, Switzerland and underwrites a wide portfolio including: Property, Liability, Aviation, Marine Cargo and Treaty classes from its box in Lloyd’s, as well as through local representative offices and coverholders overseas. The FINEOS platform was chosen because it has a proven record in the London Claims Market, and can scale to support Allied World’s future growth plans.
Selected following an open competition, FINEOS Claims for the London Market is an out-of-the-box, pre-configured, subscription and company market application. It incorporates automated CWT file processing and embedded workflow processes to enable claims adjustors to focus on achieving the best outcome at the earliest opportunity, and with appropriate expert expenditure.
David Cameron, European Claims Manager at Allied World, welcomed the partnership with FINEOS. “We are excited to roll out our new claims system in tandem with the launch of Allied World Managing Agency Limited at Lloyd’s. Our new system combines cutting edge technology with claims content and processes specifically designed for the London Market. We look forward to continuing to provide our clients with efficient effective and consistent claims handling.”
Michael Kelly, CEO, FINEOS commented, “We are delighted to announce the go live of Allied World, our fourth customer in the London Market. We are currently experiencing strong momentum in this market which we attribute to the advanced capabilities of FINEOS Claims solution, our strong focus on project management and delivery and our in-depth knowledge and experience of this market.”
About Allied World Syndicate 2232
Syndicate 2232 enhances Allied World's international insurance and reinsurance treaty platforms and capabilities in all our core lines, with a focus on Latin America, Canada and the Asia Pacific region. Managed by Allied World Managing Agency Limited, which is authorised by Lloyd's and the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority of the United Kingdom, syndicate 2232 can entertain a wide variety of risks. Limits will vary per line of business and risk. For more information, visit www.alliedworld2232.com
About FINEOS Corporation
FINEOS is a market leading provider of core software solutions to the Global Insurance Industry. FINEOS Claims for the London Market is a ‘best of breed’ Claims Management and ECF solution, specifically designed and delivered for Lloyds Syndicates. Today 2 of the top 5 Syndicates use FINEOS Claims for the London Market. In addition, FINEOS is also used as the underlying Claims Management technology for the cloud based Lloyd’s Volume Claims Service. Established in 1993, the company delivers innovative solutions to a global market and has customers, employees and established bases in North America, Europe, Africa and the Asia Pacific markets. For more information, visit www.FINEOS.com
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