Cameron Mutual Insurance Company has selected StoneRiver's Billing Stream and Claims Stream to replace its legacy environments.
Officials with StoneRiver said that the deployment of Billing Stream will provide new billing options, reduce operational costs, improve processing efficiencies, and add clarity to billing communications.
Company officials said that this multi-phased program, also including Claims Stream, is a strategic initiative geared toward enhancing and modernizing Cameron's customer service.
This multi-phased program, also including Claims Stream, is a strategic initiative geared toward enhancing and modernizing Cameron's customer service.
"We are acting on our strategic plan to modernize our operating environment and position our organization for the future. Key to our effort is the implementation of StoneRiver systems to enable us to provide the desired processes, efficiencies, and services, while reducing operational costs," said Gary Myers, president and CEO of Cameron Insurance, in a statement.
"We have known and worked with StoneRiver for a long time and feel confident in their ability to help us to continue to meet our technology and business goals," said Myers.
"We appreciate Cameron's long and strong commitment to StoneRiver, and look forward to working with the Cameron team as they continue their technology modernization initiative,” said Gary Sherne, president and CEO, StoneRiver.
“Cameron's selection of Billing Stream and Claims Stream is evidence of the increasing market demand for our Stream Suite of products and further validation that we have taken the right approach to product introduction and market development," said Sherne.
StoneRiver Inc. is the trusted insurance technology partner with solutions across multiple business lines.
According to company officials, Billing Stream is a property-casualty web-based billing system for all personal and commercial lines of business. It's a single elegant system for all bill types and integrates easily with third party services and systems.
Billing is a critical touch point, and Billing Stream can help insurers keep agent and policyholder trust high.
With Claims Stream, P&C insurers have a web-based claims administration system for all personal and commercial lines.
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Edited by Brooke Neuman