Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Instagram Outage Disrupts Thousands of U.S. Users 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
DENVER, Aug. 24, 2016 -- StoneRiver, Inc., a trusted insurance technology partner with solutions across multiple business lines, today announced that it is bringing key StoneRiver systems built on Microsoft Azure to its customers: property and casualty systems Stream Suite™ and PowerSuite®, as well as life systems Life Portraits® Illustrations, LifeApply® e-application, and LifeSuite® Automated Underwriting System.
StoneRiver's cloud-based software will enable agility, flexibility, and lower total cost of ownership, versus traditionally-provisioned insurance systems. Along with using Microsoft Azure for infrastructure behind StoneRiver's core systems, StoneRiver plans to take advantage of cloud-based business intelligence and advanced machine learning in Microsoft Azure to help carriers drive dramatically improved operational efficiencies.
In a world of low interest rates and correspondingly low returns on reserves, machine learning and advanced business intelligence will enable forward-looking insurance customers to optimize payouts, identify fraudulent behavior, and understand their business at a level of detail never before possible.
"We are pleased to work with Microsoft to take advantage of Microsoft Azure -- analytics, machine learning, and mobile platforms," said Tom Chesbrough, senior vice president, StoneRiver. "Together we will be among the first movers in bringing rapidly advancing technology to market that will allow our clients to compete strongly."
"We are excited that StoneRiver has selected Microsoft Azure as the cloud platform for its core insurance systems," said Tony Jacob, managing director, Worldwide Insurance at Microsoft. "We see growing demand for carriers in both life and non-life for more agile core systems that also take advantage of the cost benefits of our hyper-scale cloud investments."
About StoneRiver, Inc.
StoneRiver delivers the industry's widest range of value-oriented technology solutions and services to insurance carriers, agents and broker-dealers. This versatile product group encompasses front-office, policy, claims, rating, underwriting, billing and reinsurance automation for all major business lines. Hundreds of companies of all sizes rely on StoneRiver software and processing solutions to achieve a competitive edge. Customer satisfaction and client success are the continuing goal, and are in large part achieved by maintaining and valuing strong, long-term customer relationships.
CONTACT: Thomas Chesbrough, SVP
StoneRiver, Inc.
303.729.7643
[email protected]
