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July 08, 2015 2:48 AM ET

Software

Company Overview of StoneRiver, Inc.

Company Overview

StoneRiver, Inc. provides insurance technology solutions and services to insurance carriers, agents, and broker-dealers. It offers property and casualty insurance management systems in the areas of policy administration, billing, claims, reinsurance, workers' compensation, distribution management, and customer management; and life, health, and annuity insurance software solutions in the areas of underwriting, illustrations, policy administration, and electronic applications. The company also offers financial and compliance software solutions in the areas of annual statement, financial (general ledger/accounts payable), regulatory compliance, reporting tools, and payments. In addition, it off...

4601 DTC Boulevard

Suite 200

Denver, CO 80237

United States

Founded in 1986

Phone:

303-729-7500

Fax:

303-729-7501

Key Executives for StoneRiver, Inc.

Chief Executive Officer and President
Chief Financial Officer
Age: 58
Senior Vice President of Life Carrier Solutions
Senior Vice President of P&C All-Lines Solutions
Age: 59
Senior Vice President of Workers' Compensation Solutions
Compensation as of Fiscal Year 2015.

StoneRiver, Inc. Key Developments

StoneRiver, Inc. Announces the Availability of FRS

StoneRiver, Inc. announced the availability of FRS as a hosted application for use by new or existing customers. The hosted application allows clients to focus their IT resources on core systems and strategic initiatives. Hosting FRS also provides capability for reinsurance automation to companies with limited IT resources. FRS provides a cost-effective method of automating core aspects of the reinsurance process. It is designed to meet the ceded reinsurance processing needs of property-casualty insurers, from calculating premium and claims cessions to producing the data required for Schedule F. The ease of configuration, as well as the price point, makes FRS a very attractive offering to the small and mid-size insurance market. The pricing model offers a predictable monthly fee for a defined database size. Added benefits of FRS hosted application includes: FRS releases maintain current regulatory changes. Quick and easy access to reinsurance data. Minimal IT support or hardware /software required from client to support the FRS reinsurance function. Access to StoneRiver operational expertise. SSAE16 certified data center and hosting services. Disaster recovery /business continuity included in hosting relieves client's IT department from creating and managing these plans for reinsurance. Reliability. Overall reduction in reinsurance close cycle. Overall reduction in costs to support the reinsurance function.

StoneRiver, Inc. Announces Version 8.0 of LifeSuite Automated Underwriting

StoneRiver, Inc. announced Version 8.0 of LifeSuite Automated Underwriting. The new version is available now and provides the latest set of product advancements, MIB enhancements, and integration to Milliman RxRules. With several StoneRiver, Inc. clients already committed to installing Version 8.0, this new version of LifeSuite further demonstrates StoneRiver's commitment to providing a and functionally superior automated underwriting system. Added functionality of LifeSuite 8.0 includes: Integration to Milliman RxRules, which interprets applicants' Rx data to identify likely medical conditions and severity. RxRules applies the client's underwriting guidelines (based on the identified conditions) to enable consistent and efficient underwriting decisions for fully underwritten and simplified issue cases. Enhanced MIB Code interrogation. MIB Plan-F reports. Automated MIB Code filtering requests. MIB WEB-EVT (Edit, Validate and Translate) code backs. Underwriter Review Message Organizer.

Regional Insurance Company Selects StoneRiver, Inc.'s Stream Claims

StoneRiver, Inc. announced that a provider of leading Personal, Commercial and Workers' Compensation products has selected StoneRiver's Stream(R) Claims based on anticipated gains in operational efficiencies and service leadership. The carrier's business case criteria included the need to automate and standardize workflow in the claims process. With the selection of Stream Claims, the carrier can look forward to reduced manual and paper-based processing. Stream for claims also empowers Business Analysts to make changes in the system with a rules and table-driven approach so expensive technical resources are conserved. Brief examples of anticipated rules for handling cases include: Monitoring of adjuster case loads and adjustments in workflow accordingly; updates and follow-through for ordering requirements such as police reports for case handling optimization. The core business case justification in the decision was bolstered by relatively rapid growth over the past few years and movement into additional states. Evolving the claims processing operation to include a modern system is projected to provide more rigor and speed in handling a claim. The selection of StoneRiver was based on advanced functionality and the company's substantial experience in all facets of claims system implementations.

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