The implementation of what StoneRiver touts as "ultra-configurable systems for policy administration and billing," are key to preparing Bear River's infrastructure to support business expansion goals, according to the carrier's CEO, Don Adams. "Our objectives include becoming easier to do business with from an agent's perspective and writing business more quickly," he comments.
The Policy STAR and FAB solutions handle both personal and commercial lines of business. Policy STAR automates policy administration from quoting through policy issuance, according to a StoneRiver news release. Capabilities include a robust configuration tool based on what the vendor calls the deep function within Policy STAR that enables faster implementations and helps insurers meet the needs of specific jurisdictions.
"Bear River Mutual has a strategic vision that emphasizes the need for core processing solutions that are flexible and configurable," comments Gary Sherne, president, StoneRiver Insurance Solutions. "The Policy STAR and FAB solutions allow them to develop virtually any type of product or billing plan quickly."
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio