Amica Life Insurance, a provides of life insurance, retirement planning, and health insurance products in the US, has selected StoneRiver's automated underwriting system LifeSuite for underwriting.
Accorind to the StoneRiver, the LifeSuite will a rules-based engine that delivers efficient, effective and consistent underwriting decisions, Acord compliant interfaces and dynamic collaborative communication exchanges.
StoneRiver is provider of life/annuity, property & casualty, workers’ compensation, reinsurance and financial/compliance software and service solutions.
Amica Life vice president Steve Dolan said LifeSuite will allow the firm to proficiently triage cases based on plan specific criteria, providing for a streamlined underwriting process, including auto issue capabilities.
"Using StoneRiver’s Life Portraits ES, LifeSuite and ID3 policy administration system, we have a seamless, end-to-end solution for point of sale, issuance and administration," Dolan said.