StoneRiver says its automation underwriting streamlines workflow, reducing time and costs for new policy processing. Royal Neighbors will have integrated underwriting; improved time from application to issue; enhanced communications with agents, brokers and carriers; and customer service for those insured, says StoneRiver.
“Prior to this project, Royal Neighbor’s underwriting had been a labor-intensive process, and an automated underwriting system with a rules engine was needed to improve the underwriting and new business processes,” says Dennis Pfiffner, VP, product services – insurance solutions, for StoneRiver. “LifeSuite allows Royal Neighbors to build rules over time.”
StoneRiver says it implemented the LPES e-Application module to match the Royal Neighbors applications, which ensures a high level of agent adoption; speeds application data gathering and submission; and delivers In Good Order applications via