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FINEOS Corporation Holdings Advises on American Public Life Signing Deal for New Business and Underwriting Solution

06 Apr 2021  |  09:25:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: American Public Life sign deal with FINEOS

FINEOS Corporation Holdings announced that American Public Life Insurance Company (APL), a provider of supplemental worksite benefits, has invested in the Company Platform for New Business and Underwriting for eight lines of business. This investment comes as APL looks to improve operational efficiency and prepares to roll out three new product lines which they will license the Company Platform for, in addition to five existing lines of business. The contract is a medium sized 5-year initial term SaaS contract, with revenue contribution for FY 2021 already factored into the most recent guidance provided to the market on 24 February 2021.

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