RGA Marks a Milestone with Receipt of 2,000,000th Facultative Submission
RGA is the largest facultative writer in North America. In 2007, the company received more than 100,000 facultative submissions in the U.S., and more than 250,000 worldwide.
“RGA began tracking facultative submissions in 1979, with the receipt of 2,077 cases that year,” said Ken Sloan, Senior Vice President, U.S. Underwriting, RGA Reinsurance Company. “Over the years, our facultative submissions and our operations have grown and become a model of efficiency as we continuously strive to be a valued partner to our clients.”
Dave Wheeler, Senior Vice President, U.S. Underwriting, RGA Reinsurance Company, added, “These two million case reviews have provided RGA with the experience and insight necessary to help us spearhead the design and implementation of innovative underwriting programs that enable our clients to place more business with improved process and efficiency. We continue to work with clients on special underwriting programs, and a new risk analysis process that not only provides a more competitive underwriting decision but also improves underwriting cycle time. RGA is proud of reaching this impressive milestone, and we look forward to helping our clients place more policies and compete more effectively in the future.”
Reinsurance Group of America, Incorporated, through its various operating subsidiaries, is among the largest global providers of life reinsurance. In addition to its U.S. operations, Reinsurance Group of America, Incorporated has subsidiary companies or offices in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, Poland, South Africa, South Korea, Spain, Taiwan, and the United Kingdom. Worldwide, the company reported approximately $2.2 trillion of life reinsurance in force and assets of $21.8 billion at March 31, 2008.