New Stream™ solutions’ “backbone” helps carriers become leaner and faster
Oakland, CA, April 15, 2010 – StoneRiver, a leading provider of strategic solutions for the insurance industry, announced today that Armed Forces Insurance (AFI) of Leavenworth, KS, is in production with its FAB Billing system. AFI policyholders are active-duty, former and retired military and family members.
“We have a long history with StoneRiver. When we researched FAB Billing functionality we quickly recognized that it had the advanced capabilities we needed,” said Carroll Haverkamp, Vice President Finance and Treasurer of AFI. “A primary consideration was to provide our members the flexibility to customize their bills to meet their unique situation, whether deployed overseas or stationed in the states, and then have the ability to follow up with enhanced payment options tailored to meet the needs of members of the Armed Forces.”
“Two of FAB’s strongest advantages in the market are its flexible billing options and the number of companies already in production with the system,” said President of StoneRiver – Insurance Solutions Gary Sherne. “FAB’s flexibility makes a carrier easy to do business with and promotes a strong competitive status. Because most policyholders communicate with their insurer only when a billing problem or a claim arises, FAB’s accuracy is critical, and it delivers reliably every day at insurance companies across the nation.”
The Java-based, market-leading FAB Billing handles the complexities of premium billing with functions that addresses specific insurance needs. Popular features include electronic funds transfer, agency reconciliation, cash with application management, and much more.
About Armed Forces Insurance
Armed Forces Insurance (AFI) was founded in 1887 by military leaders with a single mission: to protect the people who protect our nation. The company provides premium quality, competitively-priced property and casualty insurance to military professionals throughout the United States and overseas. Headquartered in Leavenworth, Kansas, AFI understands that military members have unique circumstances and insurance needs, enabling the company to offer a level of personalized service that’s unequaled in the industry. For more information, visit the Web site at afi.org or call 1-800-495-8234.
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.
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For more information contact:
Lori Soppe, VP, Public Relations
StoneRiver
319-398-0548
lori.soppe@stoneriver.com