Woodmen of the World, a nonprofit fraternal insurance organization, and StoneRiver, a trusted insurance technology partner with substantial success in every line of business and every corner of the enterprise, today announced that Woodmen of the World has selected StoneRiverâs LifeSuite automated underwriting solution for implementation. The new system will better support Woodmen of the Worldâs business needs, while also enhancing the organizationâs efficiencies and productivity.
Key to Woodmen of the Worldâs StoneRiver decision was the ability to create a more productive and efficient environment which would meet business needs while maintaining superior customer service. Part of the focus was to free-up underwriters from administrative tasks and better enable them to focus efforts on value-add activities. Advancing high face value and complex cases while continuing to better service the market were issues also brought into focus. The LifeSuite solution offers Woodmen of the World the desired flexibility through an easy-to-use rules engine and the systemâs breadth and depth of functionality.
âWe chose StoneRiver and the LifeSuite underwriting system after extensive due diligence to find the right solution from the right vendor. Not only did StoneRiver offer an impressive product, but their client references and the commitment of StoneRiver staff to our effort made us very confident in our decision,â said Lee Janecek, Chief Underwriter with Woodmen of the World.
âStoneRiver is especially pleased that Woodmen of the World has expressed their confidence in both our solution and organization by selecting our LifeSuite product,â stated StoneRiverâs Gary Anderson, SVP, Life Solutions. âLifeSuiteâs flexibility will result in a decreased time to issuance and help complement Woodmenâs business strategy in a way that redirects administrative focus and reinforces their ongoing attentiveness to strong customer service.â
LifeSuite is a web-based software solution for new business and automated underwriting, and provides a powerful rules engine that delivers streamlined, efficient, effective and consistent underwriting decisions, ACORD compliant interfaces, and dynamic collaborative communication exchanges.