Fineos Among Cloud Top 500

FINEOS House, Eastpoint Business Park, Alfie Byrne Road, East Wall

Dublin, x, Dublin 3, Ireland

353 1 639 9700

https://www.fineos.com/

643

Fineos Strengths, Domain Expertise, and Key Differentiators

FINEOS is a provider of core systems for life, accident, and health insurance carriers globally. With employees and offices throughout the world, FINEOS continues to scale rapidly, working with innovative progressive carriers in North America, Europe, and the Asia Pacific. The FINEOS Platform provides customers full end to end core administration for the group, voluntary and individual across life, accident, and health. The FINEOS Platform includes the FINEOS AdminSuite core product suite as well as add-on products, FINEOS Engage to support digital engagement and FINEOS Insight for analytics and reporting.

Fineos Recent Developments

In 2020, Fineos launched FINEOS Paid Leave Calculator at 2020 inaugural FINEOS Virtual Exchange, which allows consumers to estimate the amount of paid leave for qualifying absences due to COVID-19 related leave reasons and as authorized by the Families First Coronavirus Response Act (FFCRA).

In January 2019 Fineos Corporation opened its new office in Hong Kong. The operation is part of FINEOS’ expansion into Asia, home to some of the world’s largest insurance organizations and comes as a result of continued growth and momentum for FINEOS globally. The new office will also support existing FINEOS customers as they expand the deployment of FINEOS AdminSuite to their Asian operations.

Fineos Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Fineos applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Fineos and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified FINEOS AdminSuite customers.

Fineos Overview

Ownership: - FCL (ASX)

Number of Employees: 718

Functional Markets: ERP Financial Management,

Key Verticals: State and Local Government, Life Insurance,

Fineos Key Enterprise and Cloud Applications

FINEOS AdminSuite

Fineos Revenues, $M:

Type/Year20182019YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Fineos Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareSupport & MaintenanceSaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

Fineos Revenues By Region, $M

Region% of Total Revenues2019 Total Revenues, $M2019 Enterprise Applications Revenues, $M2019 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Fineos Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Fineos Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Fineos Customers


No. of Fineos Customers: 50

No. of Fineos Enterprise Applications Customers: 50

No. of Fineos Cloud Customers: x

No. of Fineos Cloud Subscribers: x


Among Fineos customers are, The Accident Compensation Corporation, Armed Forces Benefit Association (AFBA), Dearborn National, New Zealand Defence Force, OneAmerica, OTIP (Ontario Teachers Insurance Plan), QInsure, Sun Life Financial, AMP, ASEBP, Canada Life Ireland, CommInsure, FBD, Friends First, Liberty Specialty Markets, icare, Manitoba Public Insurance, The Manitoba Teachers’ Society, McLarens, Mutual of Omaha, BT Insurance and many others.

Some of the most recent customers are Nationale-Nederlanden, Massachusetts’ State Department of Family and Medical Leave, QInsure snd others.

Fineos Market Opportunities, M&A and Geo Expansions

Only in Q4 of 2019, Fineos won 3 insurance agencies in North America.

Fineos Risks and Challenges

In 2019, 42.1% of revenues driven from customers were concentrated from only two clients.

Fineos Ecosystem, Partners, Resellers and SI

FINEOS is working with its partners to increase the pace of innovation, and industry experts and associations to ensure the FINEOS Platform maintains the most up to date capabilities. Among Fineos strategic systems integrators are, EY, PWC, Deloitte, Levio, and Sequential. They also have technical partners like IBM, Microsoft, Oracle, Amazon AWS and others.

Fineos Cloud Infrastructure Insights

Subscribe to read more about:

  • Fineos Public Cloud and Infrastructure (IaaS)
  • Fineos Platform (PaaS)
  • Fineos Application Delivery
  • Fineos Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


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