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SOURCE StoneRiver, Inc.
DENVER, July 2, 2014 /PRNewswire/ -- StoneRiver, Inc., the trusted insurance technology partner with solutions across multiple business lines, today announced that Arbella Insurance Group has moved their Business Owner Program (BOP) line of business, representing 50% of their Commercial Lines book of business into production operations. With this deployment 70% of Arbella's Commercial Lines policy count (by volume) is now in production operations on Policy STAR. This accomplishment also includes integration with StoneRiver's suite of billing and claims core processing solutions. In short, the majority of Arbella's Commercial Lines business is now managed by StoneRiver's Policy STAR, billing and claims systems.
The challenge facing Arbella was maintaining multiple policy admin systems. Arbella chose to deploy the StoneRiver suite of core solutions for policy administration, billing and claims and now has Commercial Auto and BOP commercial lines of business in production. Arbella is currently planning deployments of the remaining commercial lines, including workers' compensation and commercial package, i.e., property and general liability, on StoneRiver's core systems suite.
As with any policy administration modernization effort, hurdles were anticipated and overcome through the strength of the Arbella relationship with StoneRiver. Commenting on the relationship with StoneRiver, Paul Brady, Arbella Insurance Group's VP and CIO, noted, "Vendors like StoneRiver show how a well-developed partnership can function. StoneRiver has really partnered with Arbella to address issues as they arise for a positive outcome for our project. It is clear to me that StoneRiver is effectively listening to Arbella as a customer and they make their executives available to me personally as well."
The eApplication portal deployed by Arbella integrated with the StoneRiver suite allowed for retiring legacy components, which strengthened Arbella's ongoing push to offer leading car, home and business insurance products, and continue their strategy to deliver the best agent and customer service. Other benefits include underwriting automation, improved speed to market, operational efficiency and cost reduction, and empowering Agents to work more effectively with Arbella.
As noted by Arbella Insurance Group's Kim Farrell, Director of Project Management, "The inherent complexity of bringing up any new enterprise systems, in addition to the corresponding upstream and downstream dependent system changes that go to the heart of supporting the business process, creates challenges throughout the implementation lifecycle. Both organizations from senior leadership down have been extremely professional, hardworking and talented folks who bring diverse Insurance and IT expertise that has enabled the team to successfully execute the program."
Jerrad Kemp, StoneRiver Program Manager, added, "Open and honest communication has really been the cornerstone of this partnership; both organizations do a tremendous job in their commitment to this core value and have firmly cemented it into our culture as a team. We genuinely work to resolve issues with customers and partner on a level where fair agreement happens naturally. The work with Arbella Insurance Group has been rewarding in the sense of seeing them achieve their objectives."
About StoneRiver, Inc.
StoneRiver delivers the industry's widest range of value-oriented technology solutions and services to insurance carriers, agents and broker-dealers. This versatile product group encompasses front-office, policy, claims, rating, underwriting, billing and reinsurance automation for all major business lines. Hundreds of companies of all sizes rely on StoneRiver software and processing solutions to achieve a competitive edge. Customer satisfaction and client success is the continuing goal, and is in large part achieved by maintaining and valuing strong, long-term customer relationships. Visit www.stoneriver.com for more info.
About Arbella Insurance Group
Founded in 1988 in Quincy Massachusetts, Arbella provides car insurance, home insurance and business insurance in Massachusetts and Connecticut, as well as business insurance in New Hampshire and Rhode Island. Financially strong and customer focused, Arbella has been in New England for more than 25-years. - See more at arbella.com.
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