FINEOS Claims Goes Live with Saskatchewan Workers’ Compensation Board

Dublin, Ireland, August 07, 2012 – FINEOS Corporation, a global provider of claims management software
for insurance and government insurance, today announced the successful go
live of FINEOS Claims at the Saskatchewan Workers’ Compensation Board
(WCB) in Canada. The new solution, a Commercial
off-the-Shelf (COTS) full lifecycle claims administration system, will
process claims in cases of workplace injury or death in the province of
Saskatchewan. The WCB is the statutory body tasked with providing financial
protection, medical benefits, and rehabilitation services to injured workers
and their dependents.

According to WCB CEO, Peter Federko, “I’d like to congratulate the team who
worked so hard to get this project over the line. The return to work
percentage and average claims duration in Saskatchewan are among the best
results for all Canadian compensation systems. We hope that FINEOS Claims
will help us improve the service we
deliver to workers and employers in Saskatchewan and improve operational
efficiency even further. We also look forward to significant improvements in
the quality and consistency of our claims handling, including the ability to
continually monitor and refine our processes.”

FINEOS was chosen after a public tender that involved an extensive
evaluation of enterprise claims solutions available in the market today. WCB
chose FINEOS because of the firm’s depth of experience, a strong track
record working with government agencies in the workers’ compensation market,
and their world-wide knowledge of leading claims management practices. The
go live of FINEOS Claims will reduce the
number of supported technologies at WCB and positions the technology
infrastructure to improve the electronic exchange of information with
employers, care givers and other third parties.

FINEOS Claims will span the entire
claims process from initial claim notification through adjudication and
service planning and delivery. The system will facilitate best practice
assignment and execution of claims handling processes throughout the claims
lifecycle.

Michael Kelly, CEO, FINEOS Corporation, welcomed the new client. “We are
truly delighted that FINEOS is in production at Saskatchewan WCB. FINEOS is
the leading solution in claims processing for Workers’ Compensation and is
the global solution of choice for top tier insurers and government
organizations involved in managing complex claims.”

FINEOS counts a number of public insurers among its client base including
the Accident Compensation Corporation (New Zealand), the Transport Accident
Commission (Australia), Worksafe Victoria (Australia), Manitoba Public
Insurance (Canada), the Alberta School Employee Benefit Plan (Canada), the
Road Accident Fund (South Africa), the Lifetime Care and Support Authority
(Australia).

About FINEOS Corporation

FINEOS is a global provider of innovative enterprise software solutions for insurance, bancassurance, and social insurance. FINEOS solutions address core business processing requirements including CRM sales & service, new business & underwriting, claims & payments, and policy administration. FINEOS solutions are built on a customer and case centric, rules-driven, component-based enterprise platform that serves as a flexible infrastructure for new product introduction, legacy enrichment, and business transformation initiatives. FINEOS is delivering documented benefits for some of the world’s leading insurance carriers, government institutions, bancassurers, retail banks and building societies. The company is headquartered in Dublin, Ireland and has offices in North America, Europe and Australasia. For more information, please visit www.FINEOS.com.

About Saskatchewan’s Workers’ Compensation Board

Saskatchewan’s Workers’ Compensation Board is an independent body created by
provincial legislation, the Workers’ Compensation Act 1979, General
Regulations, and Exclusion Regulations to administer a compensation system
on behalf of workers and employers. The WCB is financially independent of
government and special-interest groups.
In cases of injury or death arising out of, and in the course of,
employment, the WCB provides financial protection, medical benefits and
rehabilitation services to injured workers and their dependents. To cover
the cost of the system, the WCB collects assessment premiums from employers
and makes appropriate payments from a common fund. To be effective, the
compensation system requires cooperative partnerships among workers,
employers, health care providers and WCB administrators. For more
information, please visit www.wcbsask.com.