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SCOR Expands StoneRiver LifeSuite Installation for Asia Pacific Region

Staff Writer | January 12, 2017

StoneRiver announces that SCOR has launched StoneRiver’s LifeSuite in Asia Pacific. The automated life underwriting system drives straight-through automation and operational efficiencies.

SCOR’s life team expanded its Paris installation of LifeSuite to reduce manual reinsurance underwriting processing and ease remote underwriting. LifeSuite is a powerful vehicle to help accelerate and support SCOR’s expected life business growth in Asia Pacific.

Underwriter satisfaction is a critical success metric and area of excellence for SCOR, and the reinsurer anticipates that LifeSuite will provide faster turnaround times, more consistent underwriting decisions and higher underwriter and cedent satisfaction.

This initiative further demonstrates the ability of LifeSuite to transition from a direct carrier underwriting solution to that of a global reinsurer. Supporting multiple carriers, insurance products and users with diverse language needs are differentiating factors of the SCOR implementation and expansion.

StoneRiver Executive Chairman Thomas Burke added,

"We are proud to be deepening our relationship with SCOR, which is a signal of their faith in StoneRiver,” says Thomas Burke, executive chairman of StoneRiver. “Maintaining our track record of successful implementations is a contributing factor in the adoption of LifeSuite in the automated underwriting marketplace."

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