Genelco Delivers New Version of GIAS Insurance App
August 23, 2011 Alex Woodie
Genelco Software Solutions, a developer of insurance applications that is owned by IBM, last month announced the general availability of version 3 of Genelco Insurance Administration Solution (GIAS), a major new release of its Java-based software.
The software replaces the older OS/400-based Genelco products, such as Genelco Life +, Genelco Administration +, Genelco Claims +, and Genelco Group +. Approximately 200 insurance companies around the world still run these older products, which continue to be supported by IBM, the company says.
The future for Genelco is clearly Java with GIAS, which launched in early 2009 and has been licensed by 29 companies, with six currently in implementation, the company says on its website. The product’s Java and service oriented architecture (SOA) foundation enables customers to run their individual and group life and health insurance applications on the server platform of their choosing (although it appears a good percentage of Genelco’s GIAS customers continue to use the IBM i platform). Support for Web browser interfaces and the capability to integrate with the software using Web services are some of the advantages of the new system. GIAS also uses IBM’s ILOG rules engine.
With such a large contingent of users still running the old COBOL-based products, Genelco is clearly hoping that customers move up to GIAS. “We are delivering on our promise to bring clients a modern solution with a common client and proven functionality to support all individual and group product processing within one system,” stated Genelco manager Mike Molinar. “The quality effort of the entire staff–particularly our architects, business analysts, programmers, QA team, and technical writers–to roll out version 3.0 is outstanding.”
GIAS version 3 only contains functionality for group processing. GIAS version 3.1, slated for release later this year, will bring support for processing individual claims, as well as ICD-10 compliance, which is important for meeting a HIPAA deadline in 2013.
Bruce Johnson, an IBM group modernization project executive who works with Genelco, applauded the effort of the IBMers and Genelco employees involved in GIAS 3.0. “This release will allow these sponsors time to evaluate technical, implementation, installation and data conversion requirements as well as other important business considerations so they can be prepared to implement version 3.1 in a timely fashion,” he says.