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Large Regional Insurer Selects StoneRiver's LifeSuite(R) Automated Underwriting System

DENVER, Aug. 11, 2016 (GLOBE NEWSWIRE) -- StoneRiver, Inc., a trusted insurance technology partner with solutions across multiple business lines, today announced that a strong regional insurer has selected StoneRiver's LifeSuite automated underwriting system for life insurance carriers that drives operational efficiency and straight-through processing.

The system's flexibility and advanced functionality will streamline application and underwriting processing at the point of sale. LifeSuite clients typically experience faster turnaround times and higher agent satisfaction.

StoneRiver Executive Chairman Thomas Burke noted, "We are very pleased to add this new client to our LifeSuite community. They understood the system value—quick, automated assessments of risk and an underwriting decision in minutes, not days. We look forward to a successful project and a long working relationship."

LifeSuite is an award-winning, web-based new business and automated underwriting system that drives straight-through automation. LifeSuite streamlines the entire new business process from application receipt through coverage approval, providing the most efficient and consistent automated underwriting solution available. LifeSuite's suite of tools helps maximize an organization's effectiveness, facilitating decreased time to issue, company growth and reduced policy acquisition costs.

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

Source:StoneRiver, Inc.