OAKLAND, Calif., Feb. 3, 2011 /PRNewswire/ -- StoneRiver announced today that it has filed four patents for technology and processes used in the company's Stream solution set. Property and casualty insurance carriers use StoneRiver Stream's highly adaptable core systems for all lines of business to achieve growth and service objectives. The four patents cover:
- The semantic model that supports communication for different insurance software components. The model describes the Stream database model and the composition of Stream domain components;
- The novel approach used for the configurability of Stream components;
- The advanced intelligent workflow capabilities within Stream, and
- The entire Stream solution set as a whole, as a suite of insurance services with an integrated user interface.
"Insurers need to operate at peak efficiency as they compete and grow," said Gary Sherne, President, StoneRiver, Inc. "That's why our Stream solution set needed to be a uniquely significant improvement over existing insurance automation on the market. These patents will protect our investment, and in turn, the investment of carriers using the Stream solution set."
About the StoneRiver Stream Solutions
The StoneRiver Stream solution set redefines the core system life cycle with the debut of the first, truly sustainable system. This all-P&C-lines solution set delivers an evergreen platform, pairing rich, time-tested business functionality with an advanced, open platform that encourages renewal and growth. Stream solutions include systems for billing, policy management, claims administration, reinsurance administration, customer information and distribution management. StoneRiver provides carriers a state-of-the-art, strategic core operational solution. StoneRiver Stream changes the way carriers do business by giving them the power to change the business itself.
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. Hundreds of companies rely on StoneRiver solutions to help them streamline their complex business processes. Visit stoneriver.com for more information.
SOURCE StoneRiver, Inc.