Irish insurance software company Fineos has managed to secure its fifth Canadian client, with the news that it is to manage the claims and payments of the Manitoba Teachers’ Society, an organisation that represents public school teachers in the province of Manitoba.
Dublin-based Fineos has already inked deals in Canada with entities such as Royal Bank of Canada and Manitoba Public Insurance.
The news of the partnership between Fineos and the Manitoba Teachers’ Society was announced during the Enterprise Ireland trade mission to Canada this week.
Richard Bruton, TD, Ireland’s Minister for Jobs, Enterprise and Innovation, who was leading this week’s trade mission, welcomed the news. He described Fineos as an innovative Irish company that has invested heavily in R&D.
Fineos will be managing the claims and payments arising from the Manitoba Teachers’ Society’s employee benefits plan.
The society itself offers professional development workshops and lobbies government on behalf of Manitoba’s 15,000 public school teachers.
Using its claims software solution, Fineos will be managing all of the stages of the claims and rehabilitation process for the Manitoba Teachers’ Society.
Fineos CEO Michael Kelly said the company had carried out a major R&D investment programme over the past two years to develop a complete claims product solution. He said Canada is a strong growth market opportunity for Fineos.
"This deal with Manitoba Teachers’ Society is very exciting as they will be implementing many of our most recent features," said Kelly.
In October, Fineos revealed it handles €2bn worth of insurance claims a year. The company also said it had carried out €250m worth of software exports in the past 10 years.