Olympus Insurance Selects StoneRiver Financial Software
Columbia, SC, November 10, 2009 – StoneRiver, a leading provider of technology and strategic solutions for the insurance industry, announced today that Olympus Insurance of Orlando, Florida, has signed a contract to implement StoneRiver PRO Financial and Power2Pay solutions.
The PRO Financial application will be hosted in the StoneRiver data center, and Olympus financial personnel will operate the systems via secure Web access. This arrangement reinforces business continuity because it would allow the business office staff to move to a safe geographical location and maintain seamless operation, should disaster strike.
“Partnering with StoneRiver to implement PRO Financial software is one of the best decisions we made,” said Jennifer Gravelle, vice president, Financial Reporting, Olympus Insurance. “The flexibility and security of the software is perfect for a growing company.”
“Ms. Gravelle used PRO Financial solutions when she worked for another Florida insurance company and we are thrilled that her positive experience led her to choose StoneRiver software and services again,” said Dori Luke, SVP, Financial & Compliance Solutions, StoneRiver. “We welcome Olympus into one of the industry’s largest and most satisfied client bases.”
Olympus was formed in 2007 with the mission of fulfilling homeowners’ growing, unmet demand for coverage, along with superior quality service. Olympus, headquartered in Orlando, writes voluntary homeowners policies through a statewide network of over 2,000 agents. Approved to enter the Florida marketplace in May 2007, Olympus has received an A, Exceptional Financial Stability Rating from Demotech, Inc., a nationally recognized statistical rating organization. The project is scheduled for completion in fall of 2009.
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 http://www.stoneriver.com/ for more information.
# # #
Additional Contact:
Lori Soppe, VP, public relations
StoneRiver
319-398-0548
lori.soppe@stoneriver.com
