NU Online News Service, May 13, 2003, 12:07 p.m. EDT – FINEOS Corp., Dublin, Ireland, has released version 4.0 of FINEOS Life, its life insurance company management software system.

The system can handle life product distribution as well as back-office operations, FINEOS says.

The system is part of the FINEOS 4.0 product family. The family now includes a general-purpose financial-services administration system. FINEOS hopes to release additional versions for pension, employee benefits, property-casualty insurance and banking operations.

FINEOS reports that Allianz Nederland, a Dutch unit of Allianz A.G., Munich, has been testing FINEOS Life for more than a year.