OAKLAND, Calif., July 18, 2012 /PRNewswire/ -- StoneRiver Inc., the trusted insurance technology partner with solutions across multiple business lines, today announced Cameron Mutual Insurance Company has selected StoneRiver's Billing Stream™ and Claims Stream™ to replace its legacy environments. The deployment of Billing Stream will provide new billing options, reduce operational costs, improve processing efficiencies, and add clarity to billing communications. This multi-phased program, also including Claims Stream, is a strategic initiative geared toward enhancing and modernizing Cameron's customer service.
Already in production with StoneRiver for policy administration, the implementation of Billing Stream is the next step in Cameron's project to modernize its technology environment through the replacement of legacy mainframe systems. The new capabilities provided with Billing Stream will enable Cameron to maintain and strengthen its differentiator as a service focused business through enhanced service offerings and further leveraging Cameron's already strong relationship with its agent community. A future phase to be executed in a serial, subsequent fashion will involve implementing Claims Stream as well.
In addition to replacement of the legacy billing environment, the implementation of Billing Stream will enable Cameron to:
- Provide new billing options including Web billing;
- Continue to be a service focused business and provide even better service to agents and policyholders;
- Leverage the underlying enterprise bus for easier integration of third party systems across the organization; and
- Ensure consistency of process and workflow throughout the enterprise.
"We are acting on our strategic plan to modernize our operating environment and position our organization for the future. Key to our effort is the implementation of StoneRiver systems to enable us to provide the desired processes, efficiencies, and services, while reducing operational costs," said Gary Myers, President and CEO of Cameron Insurance. "We have known and worked with StoneRiver for a long time and feel confident in their ability to help us to continue to meet our technology and business goals."
StoneRiver's President and CEO Gary Sherne, commented, "We appreciate Cameron's long and strong commitment to StoneRiver, and look forward to working with the Cameron team as they continue their technology modernization initiative. Cameron's selection of Billing Stream and Claims Stream is evidence of the increasing market demand for our Stream Suite of products and further validation that we have taken the right approach to product introduction and market development."
Billing Stream is a property-casualty web-based billing system for all personal and commercial lines of business. It's a single elegant system for all bill types and integrates easily with third party services and systems. Billing is a critical touch point, and Billing Stream can help insurers keep agent and policyholder trust high.
With Claims Stream, P&C insurers have a web-based claims administration system for all personal and commercial lines. Claims are customer contact points that frequently influence retention rates, so it's critical that claims settlement is fast, whether the claim is large or small. Automation can help insurers achieve that speed. The elegant look and navigation across the entire Stream solution set enables intuitive claims administration.
About Cameron Insurance
Established in 1892 as the Farmers Mutual Tornado, Cyclone and Windstorm Association of the Third Congressional District at Darling in Gentry County, Missouri, the company was moved to Cameron, Missouri in 1902. In 1907 the name of the company was shortened to State Farmers Mutual Tornado Insurance Company, and the charter was amended to include the entire state of Missouri.
In 1959 the company was authorized to write casualty insurance. The policyholders voted to once again change the name of the company in 1968, to Cameron Mutual Insurance Company. The company now writes business in Missouri, Arkansas and Iowa.
Cameron Mutual writes the following coverages: Standard Auto, Business Auto, Home Owners, Preferred Home Owners, Home Security, Mobile Home Owners, Business Owners, Farm Owners, Farm Fire, Farm Liability, Dwelling Property, Dwelling Personal Liability, Personal Umbrella, Personal Inland Marine, General Liability, Commercial Property Package, Business Owners Package, Commercial Inland Marine, Commercial Umbrella, and Commercial Fire policies.
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.
SOURCE StoneRiver, Inc.