StoneRiver, a provider of technology solutions and services to insurance carriers, has redesigned the launch page of The Universal Reinsurance System (URS) v 7.1 version.
According to the StoneRiver, the URS is a reinsurance solution that provides insurance and reinsurance companies with an automated means of handling all facets of their reinsurance business.
The P&C reinsurance solution automates ceded and assumed reinsurance business, including reinsurance underwriting, claims processing, and accounting.
URS v7.1 also adds support for a Microsoft SQL Server relational database to the existing support for IBM DB2 and UDB.
According to the StoneRiver, with the fresh launch page carriers experience: streamlined navigation; reduced training time for first-time users and a clear snapshot of workload for both the individual user and the company.
StoneRiver AVP of reinsurance operations Sue Peirce said the new launch page will be popular with system users, and the additional database flexibility means carriers using SQL Server can take advantage of this powerful system.
"Spreadsheets have helped carriers with reinsurance for years, but spreadsheets alone cannot ensure regulatory compliance or prevent overlooked recoverables to the degree that URS’s complete automation of reinsurance administration can," Peirce said.