RGA Announces Strategic Relationship with Synodex
APS.Extract™ is a computer-addressable electronic data feed and customizable report produced from healthcare records by Synodex, a division of Innodata Inc. (NASDAQ: INOD). It is used by insurance carriers and reinsurers in connection with life insurance risk assessment and claim investigation.
“RGA began testing and validating the Synodex APS.Extract process and product with several client evaluations starting in late 2011,” said Dave Wheeler, Senior Vice President, U.S. Underwriting, RGA Reinsurance Company. “Based on these tests and validations, we have become confident in Synodex’s ability to deliver high-quality, consistent data that accurately depicts even the most complex medical cases, and we have confidence in this tool as a key component in the underwriting process. We anticipate that our clients who use Synodex should be able to place more business with improved efficiency while at the same time enhancing the quality of their underwriting decisions as part of their qualifying underwriting processes.
Synodex, a division of Innodata (NASDAQ: INOD), transforms medical records into computer-addressable digital data and customizable reports. This enables insurance companies to drive efficiency and cycle-time reductions in risk assessment and claim investigation while maintaining the highest levels of quality. Synodex also provides related platforms and services. For more information, contact Synodex at +1.201.371.8090.
RGA Reinsurance Company is the principal operating subsidiary of Reinsurance Group of America, Incorporated (NYSE: RGA), which is among the largest global providers of life reinsurance. RGA operations are located in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Singapore, South Africa, South Korea, Spain, Taiwan, Turkey, the United Arab Emirates, the United Kingdom and the United States. Worldwide, the company has approximately $2.9 trillion of life reinsurance in force, and assets of $39.7 billion.