Company Overview of StoneRiver, Inc.
StoneRiver, Inc. provides insurance technology solutions to insurance carriers, agents, and broker-dealers. It offers property and casualty solutions, such as policy administration, billing, claims, reinsurance, workers' compensation, distribution management, and customer management; life, health, and annuity insurance software solutions, including underwriting, illustrations, and electronic applications; financial and compliance solutions, such as annual statement, general ledger and accounts payable, reporting tools, unclaimed property compliance, and payments; and pharmacy solutions. The company also provides implementation services, such as project management, requirements analysis, syst...
475 14th Street
Oakland, CA 94612
Founded in 1986
Key Executives for StoneRiver, Inc.
Chief Executive Officer and President
Senior Vice President of Business Enterprise Solutions
Senior Vice President of Life Carrier Solutions
Vice President of Human Resources
Compensation as of Fiscal Year 2013.
StoneRiver, Inc. Key Developments
SECU Life Insurance Company in Production with Three StoneRiver Solutions
Jan 15 14
StoneRiver, Inc. announced that SECU Life is now in production with three StoneRiver solutions: LifePortraits for illustrations, LifeApply for electronic application submission, and LifeSuite for automated underwriting. SECU is the first credit union client for StoneRiver and, through its life insurance company, represents an effective model to simultaneously deploy three solutions. The successful implementation required only 10 months, going from contract in January 2013 to production use in November 2013. StoneRiver was selected due to its best-of-suite, pre-integrated solutions coupled with the company's proven industry expertise. During the implementation, SECU was issuing life insurance products through another insurance company. Lengthy underwriting decisions and no straight-through process left SECU eagerly awaiting the dramatic improvement in processing with the StoneRiver solutions.
StoneRiver, Inc. Announces Two Additional Clients in Production with CompSuite(R)
Dec 10 13
StoneRiver, Inc. announced that two more insurance industry client companies have successfully upgraded to StoneRiver's CompSuite(TM) workers' compensation system. With LUBA Workers' Comp (LUBA) and AEGIS Administrative Services (AEGIS) now in production, StoneRiver has migrated ten clients to CompSuite in 2013, with three additional clients committed to CompSuite implementations early in 2014. LUBA and AEGIS are both long-time StoneRiver clients, having previously implemented StoneRiver's original WCMS workers' compensation offering. With confidence in both StoneRiver and its solutions, LUBA and AEGIS opted to take advantage of the new capabilities and modern technology made available with the CompSuite solution. CompSuite includes the same proven and time-tested functionality available with WCMS, while providing a wealth of new features, an enhanced user experience, and intuitive navigation.
National Western Life Insurance Company Selects Stoneriver, Inc.'s LifeApply Electronic Application
Jun 18 13
StoneRiver, Inc. announced that National Western Life Insurance Company selected StoneRiver's LifeApply electronic application as its sole solution across all distribution channels. While National Western Life has been processing electronic applications for several years, the carrier wanted a solution that could better respond to its business needs rather than continuing within the functional constraints and inflexibility of the current e-Application solution. The goal was to find a solution that would provide greater self-sufficiency, enabling the company to better respond to market and product changes with less reliance on the technology vendor. Anticipated benefits from the StoneRiver LifeApply solution include: Reduction in policy submission and issuance costs; Vastly improved speed to market; The ability for National Western Life to play a key role in the system's configuration; Multiple connection and device options; Multiple language capabilities; and an enhanced feature and functionality set for agents.
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