OAKLAND, Calif., May 23, 2011 /PRNewswire/ -- StoneRiver, Inc. and Amica Life Insurance Company have extended their partnership with the addition of LifeSuite, StoneRiver's powerful automated underwriting system. LifeSuite provides a powerful rules engine that delivers efficient, effective and consistent underwriting decisions, ACORD compliant interfaces and dynamic collaborative communication exchanges.
"LifeSuite will allow us to proficiently triage cases based on plan specific criteria, providing for a streamlined underwriting process, including auto issue capabilities," states Steve Dolan, Vice President at Amica Life. "Using StoneRiver's Life Portraits® ES, LifeSuite and ID3 policy administration system, we have a seamless, end-to-end solution for point of sale, issuance and administration." With complete information at their fingertips, underwriters will respond more quickly, improving consistency and productivity. The rules-based engine in LifeSuite is fully configurable with the base system rules set augmented by client-specific rules. Whether auto-processing simplified issue products, or interpreting third party data for complex products, LifeSuite automates the evidence collection via ACORD-compliant connections. The system integrates with Microsoft Outlook for efficient field communications and the LifeSuite Portal provides an agent view of cases going through the underwriting process.
"We appreciate our long-term relationship with Amica Life and their participation in product strategy and design," proclaimed Gary Anderson, SVP-Life Solutions at StoneRiver, Inc. "Amica Life has been named to the prestigious list of Ward's 50 Top Performers four of the last five years. It's an honor to be a strategic technology partner for this highly regarded and ranked carrier."
About StoneRiver, Inc.
StoneRiver delivers the industry's widest range of technology solutions and services to insurance carriers, encompassing front-office, policy, claim, underwriting, billing, reinsurance, financial and compliance solutions for all major business lines. Life solutions are integrated to span the entire insurance value chain to reduce distribution and operating costs and bring products to market swiftly. From the point-of-sale to policy issuance and claim payment, our individual solutions or integrated solutions are available to provide you complete straight through administration. Hundreds of companies rely on StoneRiver solutions to help them streamline their complex business processes. Visit stoneriver.com for more information.
SOURCE StoneRiver, Inc.