Woodmen of the World, a nonprofit fraternal insurance organization, has selected StoneRiver's LifeSuite automated underwriting solution for implementation.
According to insurer, LifeSuite is a web-based software solution for new business and automated underwriting, and provides a powerful rules engine that delivers streamlined, efficient, effective and consistent underwriting decisions, ACORD compliant interfaces, and dynamic collaborative communication exchanges.
The new system will better support Woodmen of the World’s business needs, while also enhancing the organization’s efficiencies and productivity.
The LifeSuite solution offers Woodmen of the World the desired flexibility through an easy-to-use rules engine and the system’s breadth and depth of functionality.
StoneRiver SVP of Life Solutions Gary Anderson said LifeSuite’s flexibility will result in a decreased time to issuance and help complement Woodmen’s business strategy in a way that redirects administrative focus and reinforces their ongoing attentiveness to strong customer service.