StoneRiver Inc., an insurance technology company, announced two new solutions during the ACORD LOMA Insurance Systems Forum. LifeApply is the company’s next-generation electronic application, designed to help life carriers decrease time-to-issue and policy acquisition costs, and Claims Stream is the newest addition to the Stream Suite of fully integrated P&C core processing systems.
StoneRiver says LifeApply allows life, health and annuity carriers to simplify the new-business acquisition process, reduce expenses and ensure that applications are received “in good order.” Carriers have the choice of implementing LifeApply as a standalone e-application, or as a component of more comprehensive solution that includes seamless integration with Life Portraits Sales Illustrations and LifeSuite Underwriting system.
Claims Stream is a browser-based, claims administration system for all personal and commercial lines of business, says StoneRiver. With this latest addition, the Stream Suite now includes Claims Stream, Billing Stream, Customer Stream and Distribution Stream. Each can be purchased and deployed as a stand-alone component or as part of an integrated suite of core processing systems.
StoneRiver says that, like other Stream Suite components, Claims Stream uses the company’s advanced, service-oriented insurance integration platform to provide easier business process automation, integration, scalability and a rich user-interface framework.
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