Michigan Millers, a Lansing, Mich., property/casualty insurer, is in production with the application outsourcing model for the FAB Web-based billing system, version 6.2 from StoneRiver, a Columbia, S.C., provider of technology and strategic solutions for the insurance industry. The new release uses an upgraded architectural framework designed to improve performance from the previous release.
“We were extremely pleased when the month-end processing with FAB 6.2 allowed us to complete the monthly cycle in less than 90 minutes,” John Parsons, controller at Michigan Millers.
StoneRiver’s Java-based FAB billing system is designed to manage the complexities of property/casualty premium billing. FAB supports personal and commercial lines of business in any combination: agency, account, and group/special billing, even with different effective and expiration dates. FAB provides capabilities for agency reconciliation, application tracking, receivable and cash processing, electronic funds transfer and more.
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