DENVER, Feb. 4, 2016 (GLOBE NEWSWIRE) -- StoneRiver, Inc., the trusted insurance technology partner with solutions across multiple business lines, today announced that Arbella® Insurance Group (Arbella) has gone live for their workers' compensation business using StoneRiver core processing systems for policy and billing.
Arbella's move from a legacy workers' compensation system positions them to achieve their ultimate goal of having all commercial lines of business on StoneRiver core systems. Commercial lines are an important part of Arbella's business, and the company wanted to continue their solid growth and maintain their resilience in challenging markets. Decommissioning legacy systems and support provides the Arbella business team with all the benefits and automated functions of the StoneRiver applications. New flexibility will help Arbella accommodate a changing business environment with additional adaptability, easily changed business rules and more automation of routine processes.
"Arbella Insurance has always been dedicated to service and relationships," said Arbella Vice President and Chief Information Officer Paul Brady. "Having our workers' compensation business on StoneRiver systems delivers a new level of efficiency that directly relates to improved assistance and service for agents and policyholders."
StoneRiver Senior Vice President Thomas Chesbrough noted, "We are always pleased when an existing customer sees the value in our systems and extends their use. This is a significant achievement for Arbella, and StoneRiver was gratified that we could help them accomplish their transformational goal."
About Arbella Insurance
Established in 1988 and headquartered in Quincy, Massachusetts, the Arbella Insurance Group (www.arbella.com) generates more than $800M in revenue with approximately $1.4B in assets. Arbella is a customer-focused regional property and casualty insurance company, providing personal and business insurance in Massachusetts and Connecticut, and business insurance in Rhode Island and New Hampshire.
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.