StoneRiver Receives Positive Rating in Leading Analyst Firm’s Claims Administration Systems MarketScope Report
Columbia, SC, September 10, 2009 – StoneRiver, a leading provider of technology and strategic solutions for the insurance industry, announced today Claims Workstation received a Positive rating in Gartner’s report entitled “MarketScope for North American Property and Casualty Insurance Claims Administration Systems.”1
“Our large base of customers is already reaping the benefits of our recently enhanced capabilities for loss reporting and advanced assignment,” said Frank Heaps, director, Claims Product Management for StoneRiver. “We believe Gartner’s Positive rating confirms our position in the market and our commitment to providing customers with StoneRiver solutions that meet their unique challenges.”
While researching the MarketScope report, Gartner evaluated StoneRiver’s market understanding, product strategy, product, overall viability, customer experience, sales execution/pricing and sales strategy. The Gartner report states that "P&C insurers are replacing their legacy claims administration systems with common, off-the-shelf applications, and this trend will continue for the near future as vendor solutions have become the better alternative to building this core platform."
Claims Workstation is a highly configurable core claims system that handles all property-casualty lines of business. From first notice of loss through assignment, reserves, payment and settlement, Claims Workstation integrates work management and business rules technology. Claims Workstation automates claims management, leaving claims staff and management with time for in-depth claim investigation and negotiations. Claims Workstation features a J2EE open architecture and platform flexibility. Through its highly configurable design, insurers can deploy a claims settlement tool over the Web that is tailored to their unique business needs.
1Gartner, Inc. "MarketScope for North American Property and Casualty Insurance Claims Administration Systems" by Stephen Forte, June 9, 2009
About the Gartner MarketScope
The MarketScope is copyrighted June 2009 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About StoneRiver – Insurance Solutions
StoneRiver – Insurance Solutions 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.
About StoneRiver
Hundreds of insurers, thousands of agents and brokers, and tens of thousands of pharmacies 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
