OAKLAND, Calif., Sept. 27, 2011 /PRNewswire/ -- StoneRiver, a leading provider of technology and strategic solutions for the insurance industry, congratulates the winners of the StoneRiver Excel Awards, presented at the annual client conference, StoneRiver Summit 2011. Now in its fourth year, the Excel Awards recognize StoneRiver clients who have demonstrated unique and outstanding innovation, leadership and excellence in one or more of the following categories: Value Achievement, Project Management, Technical Innovation and Customer Community. In total, eight client companies were recognized and presented with their engraved award by Gary Sherne, StoneRiver's President. This year's StoneRiver Excel Awards categories and winners include:
- Excellence in Value Achievement Award for innovative methods for maximizing value
- RLI Insurance
- Georgia Farm Bureau
- Excellence in Project Management Award for implementation best practices
- Transamerica Life Canada
- Mitsui Sumitomo
- Excellence in Technical Innovation Award for demonstrated innovative and effective use of technology
- Royal Neighbors of America
- Royal Bank of Canada
- Excellence in Customer Community Leadership for superior leadership within StoneRiver customer communities
- American Equity Investment Life Company
- Plymouth Rock
A number of the winners commented on the projects, innovation and relationship associated with their respective Excel Awards, including Scott Sinclair, COO at Transamerica Life Canada, saying, "Transamerica Life Canada and StoneRiver have a positive working relationship which brings value to each party. From sharing innovative ideas to collaborating to find solutions, the effective working relationship with StoneRiver is resulting in a successful, cost controlled project delivered on time."
Chris Garman, Reinsurance Accountant with RLI Insurance added, "After successfully completing an implementation of StoneRiver's Co-Claim module, we estimate that this project has saved on average a half-day of manual work each month. This time savings will be realized more fully in the coming year as the volume of surety business processed by URS grows due to a recent acquisition."
Curt Zeck, IT Director with Royal Neighbors of America, said, "Quality and Speed of processing new applications is vitally important to Royal Neighbors. With our growth rate over the past few years, an automated technology was needed, and the StoneRiver products give us the foundation for moving toward a Straight Through Processing-based solution. StoneRiver worked closely with Royal Neighbors in delivering LPES e-App for data entry and LifeSuite Underwriting system."
And finally, Kelly O'Connor, Senior Accountant with American Equity Investment Life Company indicated, "American Equity has been a customer since 1996 and owns a number of StoneRiver Financial and Compliance products including PTE, Power2Pay, and TRACKER. American Equity has also attended many annual client conferences and consistently works in the PTE User Groups. During these meetings and at the conference sessions, we find value in engaging with other clients. Discussing best practices and innovative ways of doing things is an invaluable part of working in the StoneRiver community."
"The StoneRiver team congratulates all of this year's Excel Award winners. We appreciate their ongoing commitment to StoneRiver and our solutions and are proud that we have been able to play a part in their success," said, Gary Sherne, President, StoneRiver, Inc. "We look forward to continuing to work with our growing family of StoneRiver clients to help all them achieve and exceed their goals."
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. 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 stoneriver.com for more information.