FINEOS Corp, a provider of core software solutions for insurance, has reported that its new system, FINEOS Claims, has been implemented by a managing agent in the Lloyd’s market.

The new FINEOS Claims is a seamless web-based system that offers comprehensive claims management capabilities complementary to and consistent with the Lloyd’s Claims Management Principles and Minimum Standards and the Electronic Claims File (ECF).

The new rules-based claims solution will help company to further strengthen its claims management capabilities and meet and exceed the highest service standards.the solution also ensures quick processing of volume claims without tying up highly skilled, specialised claims staff.

FINEOS Corporation CEO Michael Kelly said the FINEOS Claims will support a wide range of lines of business and a variety of operating channels on a single, enterprise wide platform.

The solution will also provide better management information, delivering a consistent process for claims handling irrespective of the business source and will also enable the Syndicate to adapt and fine tune its business processes without having to depend on FINEOS for every change.