Advanced policy administration and billing capability sets the stage for business expansion
Oakland, CA, March 24, 2010 – StoneRiver, a leading provider of strategic solutions for the insurance industry, announced today that Bear River Mutual Insurance Company of Murray, UT, has licensed StoneRiver’s Policy STAR® and FAB Billing solutions, ultra-configurable systems for policy administration and billing. Bear River Mutual is Utah’s largest auto and home insurance company based in the state. The company also provides fire and umbrella coverage.
“The Policy STAR and FAB solutions are key to updating Bear River infrastructure that will enable us to achieve our business expansion goals,” said Bear River Chief Executive Officer Don Adams. “Our objectives include becoming easier to do business with from an agent’s perspective and writing business more quickly.”
“Bear River Mutual has a strategic vision that emphasizes the need for core processing solutions that are flexible and configurable,” said President of StoneRiver – Insurance Solutions Gary Sherne. “The Policy STAR and FAB solutions allow them to develop virtually any type of product or billing plan quickly.”
The Policy STAR and FAB solutions handle both personal and commercial lines of business. Policy STAR automates policy administration from quoting through policy issuance. Capabilities include a robust configuration tool based on the deep function within Policy STAR that enables faster implementations and helps insurers meet the needs of specific jurisdictions.
FAB Billing is the market leader in handling the complexities of property and casualty premium billing. The system supports agency, account, and group/special billing. FAB Billing provides online, real-time capabilities for cash and receivable processing.
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