OAKLAND, Calif., May 23, 2012 /PRNewswire/ -- Amica Life Insurance Company, life subsidiary of Amica Mutual Insurance Company, and StoneRiver Inc., trusted insurance technology partner, announced today that Amica Life is now in production with StoneRiver's LifeSuite Automated Underwriting solution.
StoneRiver's LifeSuite was successfully implemented on time and within budget and is now live at Amica. A key component leading to the selection of LifeSuite by Amica Life was the excellent working relationship and track record of success in Amica's use of both StoneRiver's Life Portraits needs analysis and illustration system and ID3 policy administration system.
"LifeSuite will allow us to proficiently triage cases based on plan-specific criteria, providing for a streamlined underwriting process, including auto issue capabilities," states Ted Shallcross, Vice President at Amica Life. "Using StoneRiver's Life Portraits, LifeSuite and ID3 policy administration system, we have a seamless, end-to-end solution for point of sale, issuance and administration."
StoneRiver's Gary Anderson, Chief Operating Officer added, "We are very pleased to have the continued opportunity to work with such a prestigious organization and skilled collection of professionals. Our teams worked very well together throughout the implementation effort, and we look forward to continuing our strong working relationship to address Amica's future needs."
About Amica Life Insurance Company
Amica Life Insurance Company, headquartered in Lincoln, Rhode Island, has a proud history stretching back to 1907, before writing its first life policy in 1970. The company is the life insurance subsidiary of Amica Mutual Insurance Company, the oldest mutual insurer in the Unites States. Today, Amica offers a wide range of life insurance products, from an annually renewable term product to traditional whole life, term plans and annuities. Visit www.amica.com for more information.
About StoneRiver, Inc.
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. Thousands of companies rely on StoneRiver software and processing solutions to achieve a competitive edge, with 18 of the top 25 insurance carriers leveraging the use of a StoneRiver system. Visit stoneriver.com for more information.