March 04, 2015 3:28 PM ET

Software

Company Overview of StoneRiver, Inc.

Company Overview

StoneRiver, Inc. provides insurance technology solutions for insurance carriers, agents, brokers, and dealers. It offers property and casualty solutions, such as policy administration, billing, claims, reinsurance, workers' compensation, distribution management, and customer management; life, health, and annuity insurance software solutions, including underwriting, illustrations, and electronic applications; financial and compliance solutions, such as annual statement, general ledger and accounts payable, reporting tools, unclaimed property compliance, and payments; and pharmacy solutions. The company also provides implementation services, such as project management, requirements analysis, s...

475 14th Street

Suite 600

Oakland, CA 94612

United States

Founded in 1986

Phone:

510-596-1300

Fax:

515-267-6555

Key Executives for StoneRiver, Inc.

Chief Executive Officer and President
Chief Financial Officer
Age: 57
Senior Vice President of Life Carrier Solutions
Senior Vice President of P&C All-Lines Solutions
Age: 58
Senior Vice President of Workers' Compensation Solutions
Compensation as of Fiscal Year 2014.

StoneRiver, Inc. Key Developments

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.

StoneRiver Reveals New Web-Based User Interface for Policy Admin System

StoneRiver, Inc. announced the availability of the ID3(R) Accelerate new user interface. ID3, an industry leader in equity indexed annuity support, is a comprehensive, production-proven life, health and annuity policy administration system. ID3 increases operational efficiency while covering a full range of products from submission to issue through billing to claims. The current release of ID3 provides a full web-based user interface, further broadening the already comprehensive functionality of the solution. The ID3 Accelerate User Interface opens the system for supporting web-oriented functionality such as web services, and is fully HTML5 web based.

StoneRiver, Inc. and Cincom Systems Announce Cooperative Marketing and Technical Alliance

StoneRiver, Inc. and Cincom Systems announced a cooperative marketing and technical alliance. The alliance will allow the two companies to jointly market and deliver a comprehensive solution that provides a seamless integration between StoneRiver's Stream(R) Suite and Cincom's Eloquence(R) customer communications application. The integration will allow insurers using StoneRiver's P &C all-lines Stream Suite to simplify the development, production and delivery of complex customer communications across print and electronic channels via a direct connection between Stream Suite data and Eloquence's communication engine.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 4, 2014
StoneRiver, Inc., Property Compliance Business
 

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