Farmers New World Life Insurance Company Deploys StoneRiver's LifeSuite™ Automated Underwriting

LOS ANGELES and Oakland, Calif., Jan. 10, 2012 /PRNewswire/ -- Farmers New World Life Insurance Company, the primary life subsidiary of Farmers Group, and StoneRiver, Inc., the trusted insurance technology partner with solutions across multiple business lines, today announced that Farmers Life is now in production with StoneRiver's LifeSuite Automated Underwriting solution.

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StoneRiver's LifeSuite was successfully implemented on time and within budget and is now live in several Farmers Life locations. A key component leading to the selection of LifeSuite by Farmers Life was the use of ACORD standards.

 "We requested a good number of enhancements to the system, which StoneRiver was able to incorporate into the system. We have been very impressed with both the StoneRiver system and team," commented Darlene Robinson, Vice President and Chief Underwriter with Farmers Life.

StoneRiver's Gary Anderson, Senior Vice President of the Insurance Division added, "We are pleased to have the opportunity to work with such a prestigious organization and skilled team of professionals.   Our teams worked very well together throughout the requirements definition and implementation effort, and we look forward to continuing our work with Farmers Life to address their future needs."

About Farmers New World Life Insurance Company,
Farmers New World Life Insurance Company, headquartered in Mercer Island, Washington, has a proud history stretching back to 1910, when the company started as New World Life Insurance Company.  The company is the primary life insurance subsidiary of Farmers Group, a top provider of personal property/casualty insurance in the U.S. Today, it offers a wide range of life insurance products, from a fully flexible universal life product to traditional term and whole life plans and annuities. Visit www.farmers.com for more information.

About StoneRiver, Inc.
StoneRiver delivers the industry's widest range of technology solutions and services to insurance carriers, agents, and broker-dealers. This versatile product group encompasses front-office, policy, claim, rating, underwriting, billing, reinsurance, financial and compliance solutions for all major business lines. Hundreds of companies rely on StoneRiver software and processing solutions to achieve a competitive edge. StoneRiver promotes client success by streamlining complex business processes. Visit stoneriver.com for more information.

SOURCE StoneRiver, Inc.