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Results from StoneRiver’s Fifth Annual P&C Insurance Technology Survey

Need for administrative efficiency continues to lead IT initiatives

 Oakland, CA, August 5, 2010 – According to participants in StoneRiver’s fifth annual P&C Insurance Technology survey, the top business need that drives IT initiatives is overall administrative efficiency. Accurate risk pricing was the second need mentioned, with a tie for third place between access for distribution channels and optimizing IT operations. The StoneRiver survey asked chief information officers at U.S. property and casualty (P&C) insurance carriers about their companies’ priorities, IT direction, and status of services and architecture.

Pekin Insurance in Production on StoneRiver FAB Billing Solution

Billing Solution Enables Better Service for Insureds and Agents

Oakland, CA, July 8, 2010 – StoneRiver, a leading provider of strategic solutions for the insurance industry, announced today that Pekin Insurance is one of over 25 companies in production with the FAB Billing solution. The billing solution is managing new and renewal business for key personal lines of business, and Pekin Insurance will move additional personal and commercial lines of business to FAB Billing in coming months.

Trustmark Moves into Production with StoneRiver Life Administration System

Application Outsourcing Arrangement uses ID3 for Unique UL Product
 
Cedar Rapids, IA, July 7, 2010 – Today StoneRiver announces that Trustmark’s flagship Universal Life product, which provides Living Benefits for Long Term Care, is now administered using StoneRiver’s life administration system, ID3, in an outsourced environment. Trustmark Insurance Company, located in Lake Forrest, Illinois, has enhanced its national presence by using ID3 for its universal life products sold in New York.
 

Results from StoneRiver’s Third Annual Reinsurance Survey

Oakland, CA, June 23, 2010 – Automation continues to be a major issue of concern with P&C reinsurance administration, based on a recent survey conducted by StoneRiver. The company’s third annual survey asked chief financial officers at U.S. property and casualty (P&C) insurance carriers about their experience with reinsurance administration. The goal of the survey was to uncover industry trends for 2010 and early 2011, track interests and learn strategic direction for automating reinsurance administration.

StoneRiver Announces the Distribution Stream™ Solution

Solution manages distribution information for proactive carrier operation