StoneRiver, Inc., an insurance technology solutions partner across multiple business lines, announces the introduction of CompSuite, StoneRiver's Software as a Service (SaaS) solution for workers' compensation.  CompSuite is positioned to address the workers' compensation business needs of the mid-market insurance carrier, third-party administrator, and managing general agency initiatives.  

CompSuite claims and policy administration components can be implemented individually or as a fully integrated workers' compensation policy administration and claims solution.  Two clients went into production on the CompSuite solution in the months of December 2012 and January 2013 respectively.  Both clients are longtime customers of StoneRiver with previously realized value on the Workers' Compensation Management System (WCMS) platform. 

 "We are excited to see the official launch of CompSuite and have appreciated the opportunity to work closely with StoneRiver on the new offering, says Lee Herzer, vice president of operations at CompServices. "We've been a long time user of StoneRiver's WCMS solution and have the utmost confidence in StoneRiver's dual expertise in workers' compensation processing and technology.  It's a powerful combination when an insurer is looking for a solution provider to partner with to modernize their workers' compensation operations."