Type Private Website stoneriver.com Number of employees 600 | Industry Insurance technology Founded 2008 | |
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StoneRiver, Inc. is a vendor and service provider in the insurance technology marketplace, providing Life/Annuity, Property & Casualty (P&C)/Workers’ Compensation, reinsurance, financial and compliance software solutions.
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StoneRiver sells products for policy administration, claims, billing, reinsurance administration, agency management, client management, Life automated underwriting, e-applications, and illustrations. The company's financial and compliance offerings encompass software for annual statement preparation, general ledger, financial reporting and payments. Headquartered in Denver, CO, StoneRiver has locations throughout U.S. including California, Colorado, Florida, and Ohio.
History
Prior to July 2008, the business units that comprise StoneRiver were part of Fiserv Incorporated, which was founded in 1984. StoneRiver is a privately held corporation with two principal ownership groups: Stone Point Capital owns the majority of StoneRiver and Fiserv is the minority owner.
Stone Point Capital is a private equity firm that has been making investments in the global financial services industry for over 20 years. StoneRiver falls in the Trident IV funds which Stone Point Capital manages. Fiserv, Inc. is a provider of financial services technology, including information management systems, transaction processing, and software and systems solutions StoneRiver has areas of industry focus that have been assembled from 22 acquisitions made by Fiserv, Inc. between 1997 and 2007 with eight acquisitions in the Life/Annuity market and eight businesses in the Property & Casualty space.
StoneRiver, Inc
StoneRiver, Inc provides software products and services in the following areas:
- P&C Policy administration
- P&C Claim management
- P&C Reinsurance Administration
- Life Insurance, Life annuity, and Long-term care policy administration
- Life, Annuity and Long-Term Care sales illustrations
- Life, Annuity and Long-Term care automated underwriting
- Financial & Compliance: annual statement preparation, general ledger, financial reporting and payments