StoneRiver (Oakland, Calif.) has announced version 7.1 of its Universal Reinsurance system (URS), which automates ceded and assumed reinsurance business, including reinsurance underwriting, claims processing and accounting. The vendor asserts that URS v7.1, which adds support for a Microsoft SQL Server relational database to existing support for IBM DB2 and UDB, streamlines navigation, reduces training time for first-time users, and provides a clear snapshot of workload for both individual users and companies.
“There is increasing interest among primary insurers in reinsurance solutions that provide record keeping and execution capabilities to make reinsurance programs provide the value they were designed to do,” said Donald Light, a San Francisco-based senior analyst with Celent. “URS provides the comprehensive administrative functionality that spreadsheets cannot address.”
StoneRiver describs URS as a comprehensive reinsurance solution that provides insurance and reinsurance companies with an automated means of handling all facets of their reinsurance business. The reinsurance software manages treaties for ceded, assumed, retroceded, pools, and affiliates.
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