StoneRiver, a provider of strategic core operational solutions for the insurance industry, has announced the next generation of its property/casualty (P&C) core processing systems, StoneRiver Stream.

The integrated solution has components that can be used individually that enable carriers to be leaner, faster, and smarter. StoneRiver Stream suite components generally available in the first half of the year include Customer Stream, Distribution Stream, and Billing Stream-Direct.

All the components are built on the company's advanced services-oriented Insurance Integration Platform. The platform opens up new business, operational, and technical opportunities for carriers by providing business process automation, integration, and a rich user interface framework. The platform allows Stream products to scale for business expansion so carriers can remain lean. The company expects Collections Stream and Billing Stream-Agency will be available by year-end, with policy, claims, and reinsurance components rolling out subsequently.

"Stream handles multiple corporations and companies for all lines of business. The emphasis is on speed with straight-through processing, Web quote and submission, built-in work management, and more," says Rodney Griffin, senior vice president of product management at StoneRiver-Insurance Solutions. "Business intelligence, predictive analytics, and a rules engine all help carriers become smarter in the way they operate. Navigation is easier with a new state-of-the-art user experience designed by professional human factors experts."