Hallmark Financial Services has selected StoneRiver’s Freedom Reinsurance System, designed to meet P&C insurer needs in calculating premium and claims cessions, the company announced today.
Hallmark will interface multiple data sources with FRS from at least two data repositories, such as a policy/ claim admin system or data warehouse, greatly differing from traditional practices. Its decision to implement StoneRiver’s software was based on its affordability and ability to handle complex reinsurance programs, the company said.
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