StoneRiver, a provider of technology and strategic solutions for the insurance industry, has announced the availability of Web quote and template underwriting as an optional extension to its PowerSuite Enterprise workers' compensation solution.
Web quote has been designed for both agents and insureds and offers a rules-governed, straight-through processing capability from initial quote through full issuance of workers' compensation policies.
The StoneRiver solution eliminates unnecessary information agents currently have to sift through. The vendor chose to integrate the agent or insured into the underwriter workflow and notification processes so underwriters can track progress and respond to any further requests.
"This approach smoothes the communication between agents and underwriters, ensures process confidentiality where appropriate, and dramatically reduces the integration costs and maintenance requirements of other solutions," says Rodney Griffin, senior vice president of product management for StoneRiver.
"Web quote makes full use of services within PowerSuite, ensuring 100 percent consistency of results," says Bob Gurley, of the product management group for StoneRiver. "The solution includes workflow and e-mail capabilities along with a rules-based underwriting scoring mechanism to auto-underwrite applications."
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