Mutual Reinsurance Bureau has selected StoneRiver, Inc’s Universal Reinsurance System (URS) to improve policy admin processes for clients, the company announced today.

The reinsurer will leverage URS to move away from current legacy systems. The new automated software will provide Mutual Re with full underwriting, claims, accounting, and reporting capabilities, the companies said.

“Our company has a long history of helping insurance companies band together to meet their reinsurance needs,” said Scott Johannsen, vice president and CFO, Mutual Reinsurance Bureau, in a statement. “To address current regulatory and reporting requirements, we wanted URS for its strong automation that will provide auditable processing, manage complex reinsurance transactions, and quickly respond to new reinsurance offerings.”

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