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Hallmark in Production with StoneRiver Reinsurance System

Sapiens International announces Hallmark Financial Services is now in production with the Freedom Reinsurance System (FRS) from StoneRiver, a wholly owned subsidiary of Sapiens.

FRS automation ensures accuracy of reinsurance calculations and streamlines billing/collections, and annual statement reporting. In addition, the time savings from implementing FRS allows Hallmark’s resources to focus on other strategic initiatives. FRS software automates attachment and calculation of ceded premium, commissions, losses, reserves and loss adjustment expense. System users also gain new efficiency with one-click generation of Schedules F and P.

“Automating our reinsurance processing not only helps to ensure accuracy and compliance but also adds efficiencies to the organization,” says Hallmark’s chief accounting officer Jeff Passmore. “We have been pleased with the knowledge the StoneRiver team exhibited during the implementation process, especially since there were multiple data sources that needed to interface to FRS.”

 “We congratulate Hallmark Financial Services on this milestone achievement,” says Melissa Whitaker, StoneRiver reinsurance director of client services. “We are glad to help position the company for successful reinsurance processing as they grow.”


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