StoneRiver Names Michael Goodyear New Leader of Life Carrier Division

DENVER, May 10, 2016 (GLOBE NEWSWIRE) -- StoneRiver, Inc., the trusted insurance technology partner with solutions across multiple business lines, today announced Michael Goodyear as the new senior vice president of the Life Carrier Division.

In his new role, Goodyear will be responsible for overall leadership of the Life Carrier Division, including solutions for policy illustrations, underwriting, electronic applications, and policy administration.

Goodyear joined StoneRiver with extensive background in the areas of customer service, operations, sales, and P&L management for companies like Allianz Life, Fidelity Life, and Zurich.

"Industry experts project that spending by life insurance companies will grow over 5 percent per year for the next three to five years," said Goodyear. "StoneRiver is uniquely positioned to help companies maximize their investments in technology. With our portfolio of systems, life carriers can take advantage of more efficient processes, faster time to market, and better customer experience."

"Michael's appointment to the executive team will produce significant benefits to life carriers as well as StoneRiver," said Thomas Burke, Executive Chairman of StoneRiver. "Our company will continue its role as a technology partner for life insurers facing a challenging environment, and Michael will play a vital role in helping us reach our objectives."

About StoneRiver, Inc.
StoneRiver delivers the industry's widest range of value-oriented technology solutions and services to insurance carriers, agents and broker-dealers. This versatile product group encompasses front-office, policy, claims, rating, underwriting, billing and reinsurance automation for all major business lines. Hundreds of companies of all sizes rely on StoneRiver software and processing solutions to achieve a competitive edge. Customer satisfaction and client success are the continuing goal, and are in large part achieved by maintaining and valuing strong, long-term customer relationships.

CONTACT: Tom Chesbrough, SVP StoneRiver, Inc. 303.729.7643 thomas.chesbrough@stoneriver.com

Source:StoneRiver, Inc.