StoneRiver Launches New Reinsurance Launch Page

launchpad.jpg

StoneRiver is launching a new launch page.

The Oakland, CA, supplier of technology for insurance carriers, agents and broker-dealers said it has redesigned the launch page of its Universal Reinsurance System, as a fundamental feature of the version 7.1 release of the software.

The new launch page is designed to improve navigation of this software for processing all forms of a company’s reinsurance, including assumed, ceded, retroceded, treaty, facultative, proportional, and non-proportional reinsurance.

With the redone launch page, carriers will also be able to reduce training time for first-time users, and get a clear snapshot of workloads facing individual users and the company.

The 7.1 release also adds support for a Microsoft SQL Server relational database to the existing support for IBM’s DB2 and and DB2 UDB databases.

The StoneRiver property & casualty reinsurance system automates ceded and assumed reinsurance business, including reinsurance underwriting, claims processing, and accounting.

The software is used by dozens of insurance carriers across the country, StoneRiver said.

“The new launch page will be popular with system users, and the additional database flexibility means carriers using SQL Server can take advantage of this powerful system,” said Sue Peirce, AVP of Reinsurance Operations at StoneRiver, in announcing the 7.1 release. “Spreadsheets have helped carriers with reinsurance for years, but spreadsheets alone cannot ensure regulatory compliance or prevent overlooked recoverables to the degree that URS’s complete automation of reinsurance administration can.”

For reprint and licensing requests for this article, click here.
Core systems Data and information management Data security Policy adminstration Security risk
MORE FROM DIGITAL INSURANCE