Chief Executive Officer – Korea Branch
Chief Marketing Officer – Asia
About RGA South Korea
At RGA South Korea, we have a strong track record of helping our clients succeed, especially when it comes to introducing innovative new products to the market. For example, RGA provided the product and pricing expertise to the very first contemporary critical illness product launched in the Korean market.
As a testament to our ability to form mutually successful partnerships, our office now counts the majority of Korea’s life and non-life insurance companies as clients. We have a portfolio of more than 7 million reinsured policies – a remarkable achievement in just a decade of operating in Korea.
In 2009 and 2015, RGA South Korea was ranked #1 in new individual reinsurance business by NMG Consulting. We are now widely considered the leading life reinsurer in Korea.
Comprehensive Products and Services
We offer a comprehensive line of products and services including individual life reinsurance, individual living benefits reinsurance and group reinsurance, as well as actuarial and underwriting expertise. Additionally, we offer highly effective financial solutions to you to help you manage risk and capital including capital-motivated, asset-intensive/annuity and longevity reinsurance solutions.
World’s Leading Facultative Underwriter
When it comes to facultative reinsurance, RGA is the worldwide leader. As a global organization, RGA reviewed more than 500,000 cases in 2014 (17,000 casees in Korea) and has received nearly 5 million cases since 1979.
A Global In-Force Leader
RGA also manages one of the largest in-force blocks in the life reinsurance industry with approximately $2.9 trillion of life reinsurance in force. Our mortality and morbidity databases are among the largest worldwide.
RGA offers innovative e-Underwriting Solutions developed by our underwriting, business and technology experts designed to help your organization underwrite better, faster and with greater consistency.
Our flagship underwriting product, AURA, has the strongest underwriting rules engine on the market, with thousands of underwriting rules covering impairments, medications, sports, prescription drug histories, avocations and treatments. We also offer AURA Hosted, which is particularly effective at removing barriers in bringing simplified-issue solutions to market. It can be implemented quickly, securely and easily in almost any environment.
Hands-On Training for Client Underwriters and Actuaries
At RGA, we believe in the power of shared knowledge. When you partner with us, we will help your underwriters and actuaries stay abreast of the latest knowledge, research and trends through conferences and training opportunities, including RGA’s Global Underwriting Learning Framework (GULF). We also share our insight and expertise through newsletters, white papers and articles.
Strong Client Focus Commitment
To demonstrate RGA Korea’s commitment to being your business partner, we deliver “360° Commitment Service,” an approach that provides advanced services that go beyond providing products and services. Our 360° Commitment Service is an ongoing business process that features planning a product design workshop, developing marketing plans to increase sales and tracking product performance per channel. We analyze successful and not-so-successful factors after the launch, using these findings to either refine the existing product or plan the next version.
Insurance is a service based on trust and a promise to customers. RGA understands that promise and knows that future growth starts with a trusted-advisor relationship with our clients. Through our distinctive 360° Commitment Service, we will strive to continuously grow our clients’ faith in RGA and consistently improve our services for clients.
We invite you to contact us to learn more about how we can meet your reinsurance needs — whether you want to bring a new product to market, improve the performance of an existing product or better manage your risk and capital through financial solutions.