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Principal Adopts FINEOS Software

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A large insurer is getting new software to manage individual disability insurance operations.[@@]

The insurer, Principal Financial Group Inc., Des Moines, Iowa, is adopting claims management and benefits payment systems from the Cambridge, Mass.-based U.S. arm of FINEOS Corp. Ltd., Dublin.

Principal also plans to use FINEOS software to run its group disability and group life claims and payment operations, FINEOS says.