[December 18, 2012]

SCOR Global Life Americas and StoneRiver, Inc. Offer New Solution to Accelerate Underwriting Cases for Simplified Issue Life

SCOR Global Life Americas, a leading life reinsurer in the U.S. market, and StoneRiver, Inc. have teamed up to offer an innovative solution for the rapid underwriting of simplified issue life insurance products.

The solution integrates Velogica®, SCOR's automated underwriting engine, and LifeSuite® Results Manager, StoneRiver's case management solution.

Velogica's underwriting algorithm interprets details from multiple sources - MVR, MIB reports and prescription drug histories - and correlates the data with information collected on the application. Velogica's complex algorithm enables an underwriting recommendation in real time. In 95 percent of all cases, Velogica has made an underwriting recommendation without the involvement of an underwriter, and 90 percent of the time, it delivered the result in under a minute.

LifeSuite Results Manager provides an array of capabilities including the electronic capture of application data, submission of application data to Velogica and the presentation of underwriting evidence and results in an easy-to-use dashboard.

By combining Velogica and LifeSuite Results Manager, carriers can now quickly implement a single, cost effective and comprehensive solution for middle market life insurance business.

SCOR and StoneRiver already have an established relationship. "We have worked together for a number of years creating customized term life programs for carriers in the fully underwritten life market," said Dave Drans, Senior Vice President of SCOR's Value Added Services. "Besides being the consummate technical experts, the StoneRiver team understands how life insurance is sold and administered - and that makes all the difference. We are highly optimistic about what we can do together."

Jim Woodward, Senior Vice President of StoneRiver Life Carrier Solutions, said, "Understanding the industry's attention and focus on reaching the middle market is what drew StoneRiver and SCOR together. In looking at the automated underwriting engines available, we quickly concluded that Velogica provides the most comprehensive and sophisticated solution." Woodward added that with almost one million applications processed to date, "their experience is unmatched in the marketplace."

While companies still can purchase Velogica and the LifeSuite Underwriting System independently, the collaborative solution can lower costs and integration efforts for life insurers who want to enter or expand their participation in the middle market.

About SCOR Global Life Americas

SCOR Global Life Americas, headquartered in Charlotte, NC, is the second largest life reinsurer in the US market based on volume of new business written. The company provides reinsurance solutions to companies in the US, Canada and Latin America. SCOR Global Life Americas offers broad capabilities in risk management as well as value added services that help life insurers develop competitive products and enter new markets with speed and efficiency. SCOR's patented process commercialized as VELOGICA^® offers new opportunities for effectively and efficiently underwriting middle market business.

SCOR Global Life Americas is part of the SCOR Group, the fifth largest reinsurer in the world with major Hubs in Paris, Zurich, Cologne, London, Singapore and New York. Visit www.scor.com for more information.

About StoneRiver, Inc.

StoneRiver delivers the industry's widest range of technology solutions and services to insurance carriers, agents and broker-dealers. This versatile product group encompasses front-office, policy, claim, rating, underwriting, billing, reinsurance, financial and compliance solutions for all major business lines. Thousands of companies rely on StoneRiver software and processing solutions to achieve a competitive edge, with 18 of the top 25 insurance carriers leveraging the use of a StoneRiver system. Visit www.stoneriver.com for more information.

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