AURA Hosted for Bancassurance

 

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AURA Hosted Saves Time and Reduces Risk in Bancassurance
Bancassurance is a large and growing distribution channel for many RGA customers. Insurers partner with banks to offer insurance products to bank customers at the point of sale.

Insurers and financial institutions want streamlined processes, easy-to-use technology, and simplified products that can be explained and sold to customers by bankers rather than insurance agents.

Bancassurance Distribution is Evolving
Banks are looking for new ways to offer life insurance simply and easily to their customers, in ways that mirror the simplicity of their commodity product lines. Underwriting, however, is often an obstacle. It can often be cumbersome and full of potential drawbacks, limiting acceptance rates and slowing the sales process.

RGA’s AURA Hosted can help your company process new bancassurance business without these drawbacks, saving your organization from large investments in time and technology and limiting the risk of poor underwriting.

AURA Hosted was designed to be cost-effective, easy to implement, and easy to use in a bancassurance environment..

AURA Hosted Removes Common Obstacles to Launching Bancassurance
It is flexible, allowing your institution to choose how it will fit into your end-to-end processes:

  • It is easily accessed by bank employees or your customers through the Internet
  • AURA is accessed via RGA’s servers, so there is limited technology investment
  • When insurers sell products using AURA Hosted, RGA provides reinsurance as a part of the agreement
  • The implementation timeline is far shorter than for traditional e-underwriting software

Click here to learn more about AURA Hosted Solutions.