Cameron Mutual Insurance in Production with StoneRiver's Stream® Billing
475 14th St., Suite 850
Oakland, CA, 94612
Press release date: June 9, 2014
Stream Billing in production as part of an overarching strategy to replace legacy environments for reduced costs and improved efficiencies, positioning Cameron for the future
DENVER - StoneRiver Inc., the trusted insurance technology partner with solutions across multiple business lines, today announced Cameron Mutual Insurance Company is in production on StoneRiver's Stream Billing to replace its legacy environments. The deployment of Stream Billing provides new billing options, reduces operational costs, improves processing efficiencies, and adds clarity to billing communications. This multi-phased program, also including Stream Claims and Policy STAR®, is a strategic initiative geared toward enhancing and modernizing Cameron's customer service focus through Stream Suite for core processing.
Cameron Insurance and StoneRiver announce that Stream Billing is in a production environment as an enterprise-class billing administration solution. This initiative also includes claims and policy administration components in the program as part of a Stream Suite adoption strategy. StoneRiver's Stream momentum builds with the production deployment of Stream Billing. The achievement of this milestone was made possible by the strong partnership between StoneRiver and Cameron. Cameron automated the movement of accounts over to Stream Billing and redesigned its invoices to improve information to insureds and reduce the number of invoice-related questions. The team also integrated with the existing Agent website and automated payment capabilities.
Already in production with StoneRiver for policy administration, the implementation of Stream Billing is the next step in Cameron's project to modernize technology through the replacement of legacy mainframe systems. The new capabilities provided by Stream Billing empower Cameron to maintain and strengthen its differentiator as a service-focused business through enhanced service offerings and further leveraging Cameron's already strong relationship with its agent community. The next phase in the program of implementing Stream Claims is already underway.
In addition to replacing the legacy billing environment, the implementation of Stream Billing positions Cameron Mutual Insurance to:
-- Provide new billing options including Web billing
-- Continue to be a service-focused business and provide even better
service to agents and policyholders
-- Leverage StoneRiver's Insurance Integration Platform (IIP) for easier
integration of third party systems
-- Ensure consistency of process and workflow throughout the enterprise
"A significant part of our overall company strategic plan involves the modernization of our operating environment to best serve the company's future needs. A key component of that effort involves the implementation of StoneRiver systems such as Stream Billing," said Gary Myers, President and CEO of Cameron Insurance. "We have a long-standing relationship with StoneRiver through which we have developed a strong and beneficial relationship helping us meet our technology and business goals."
StoneRiver's President and CEO Gary Anderson, commented, "We appreciate the strength in relationship in Cameron's long commitment to StoneRiver, and have appreciated working with the Cameron team as they continue their technology modernization initiative. Cameron's accomplishments in Stream Billing is evidence of the increasing market demand for our Stream Suite of products and further validation that we have taken the right approach to product introduction and market development."
Stream Billing is a property-casualty web-based billing system for all personal and commercial lines of business. It's a single elegant system for all bill types and integrates easily with third party services and systems. Billing is a critical touch point, and Stream Billing can help insurers keep agent and policyholder trust high.
About Cameron Insurance
Established in 1892 as the Farmers Mutual Tornado, Cyclone and Windstorm Association of the Third Congressional District at Darling in Gentry County, Missouri, the company was moved to Cameron, Missouri in 1902. In 1907 the name of the company was shortened to State Farmers Mutual Tornado Insurance Company, and the charter was amended to include the entire state of Missouri.
In 1959 the company was authorized to write casualty insurance. The policyholders voted to once again change the name of the company in 1968, to Cameron Mutual Insurance Company. The company now writes business in Missouri, Arkansas and Iowa.
Cameron Mutual writes the following coverages: Standard Auto, Business Auto, Home Owners, Preferred Home Owners, Home Security, Mobile Home Owners, Business Owners, Farm Owners, Farm Fire, Farm Liability, Dwelling Property, Dwelling Personal Liability, Personal Umbrella, Personal Inland Marine, General Liability, Commercial Property Package, Business Owners Package, Commercial Inland Marine, Commercial Umbrella, and Commercial Fire policies.
About StoneRiver, Inc.
StoneRiver delivers the industry's widest range of value-oriented technology solutions and services to insurance carriers, agents and broker-dealers. This versatile product group encompasses front-office, policy, claims, rating, underwriting, billing and reinsurance automation for all major business lines. Hundreds of companies of all sizes rely on StoneRiver software and processing solutions to achieve a competitive edge. Customer satisfaction and client success is the continuing goal, and is in large part achieved by maintaining and valuing strong, long-term customer relationships.
Contact: Steve Horneman, StoneRiver, Inc., 303-729-7742, email@example.com
Web Site: http://www.fiservinsurance.com