Insurance Software facilitates property and casualty processing.
Press Release Summary:
Built on model-driven, service-oriented architecture that embeds full enterprise service bus in system, StoneRiver Stream(TM) Suite includes Customer Stream(TM), Distribution Stream(TM), and Billing Stream(TM) - Direct, which can be used individually or together. Emphasis is on speed with straight through processing, web quote and submission, and built-in work management. By providing business intelligence, predictive analytics, and rules engine, software helps optimize carrier operations.
Original Press Release:
StoneRiver Stream(TM) - Open for Business
New solution on advanced platform opens the door for business opportunities
Oakland, CA, - StoneRiver, a leading provider of strategic core operational solutions for the insurance industry, announced today the next generation of its proven property and casualty (P&C) core processing systems. The integrated solution, called StoneRiver Stream, has components that enable carriers to be leaner, faster and smarter. StoneRiver Stream components can also be used individually.
StoneRiver Stream(TM) suite components generally available in the first half of the year include Customer Stream(TM), Distribution Stream(TM), and Billing Stream(TM) - Direct. All are built on the company's advanced services-oriented Insurance Integration Platform (IIP). The platform opens up new business, operational and technical opportunities for carriers by providing easier business process automation, integration, and a rich user interface framework. The platform allows Stream products to scale for business expansion so carriers can remain lean. The company expects that Collections Stream(TM) and Billing Stream - Agency will be available by year end, with policy, claims and reinsurance components rolling out subsequently.
"Stream handles multiple corporations and companies for all lines of business. The emphasis is on speed with straight through processing, web quote and submission, built-in work management, and more," said Rodney Griffin, senior vice president of Product Management at StoneRiver - Insurance Solutions. "Business intelligence, predictive analytics and a rules engine all help carriers become smarter in the way they operate. Navigation is easier with a new state-of-the-art user experience designed by professional human factors experts," Griffin added.
Stream is built on an advanced, model-driven service-oriented architecture that embeds a full enterprise service bus in the system. "The open nature of Stream, plus the rich business functionality, makes the solution truly 'open for business,'" said StoneRiver - Insurance Solutions President Gary Sherne. "The new offerings will continue to emphasize configuration tools and business rules, while introducing true plug-and-play services for the first time in P&C administration solutions."
Stream's advanced features all focus on helping carriers becoming leaner, faster and smarter as they operate. The system's service-oriented architecture provides an ideal base for delivering state-of-the-art, strategic core operational solutions.
About StoneRiver
StoneRiver delivers the industry's widest range of technology solutions and services to insurance carriers, agents, and broker-dealers. This versatile product group encompasses front-office, policy, claim, rating, underwriting, billing, reinsurance, financial and compliance solutions for all major business lines. Hundreds of companies rely on StoneRiver software and processing solutions to achieve a competitive edge. StoneRiver promotes client success by streamlining complex business processes. Visit stoneriver.com for more information.
