
Faster Decisions
Speed is the single most important and immediate benefit of using RGA’s Hosted Solutions. Agents and clients can receive underwriting decisions in seconds, instead of days or weeks. This gives insurers more control over the sales process and provides a marketing advantage over the competition.
Increased Sales
Underwriting automation allows your company to gather more and better information in the same timeframe as a manual process. Providing instant, point-of-sale decisions for a majority of business improves an insurer's ability to make offers, resulting in higher close rates.
Lower Costs
Unlike other e-underwriting solutions that require significant start-up costs, RGA’s Hosted Solutions are simpler to implement. Some fees can even be waived for current RGA clients. Also, by simplifying the new business process, an insurer may be able to grow business without having to increase human underwriting resources.
Better Information
Most of RGA’s Hosted Solutions help organizations improve their analytics and increase quality control. By capturing detailed underwriting data on an every case and decision basis, as opposed to gathering information on general ailments, a better understanding of underwriting risk can be achieved.
Competitive Advantage
RGA’s Hosted Solutions provide direct access to RGA's comprehensive rule set, the easy-to-use application process and an almost-instant response to customers' applications, giving agents a competitive edge. The net advantage: higher placement rates.
RGA Support
All RGA Hosted Solutions installations are supported by RGA’s dedicated rules maintenance and research teams. This ensures that all Hosted Solutions rules are current, and that the latest medical research is continuously built in. Insurers do not need to dedicate their own IT and underwriting resources to this purpose.
RGA Hosted Solutions Compared to Other e-Underwriting Solutions
| Cost |
Reduced Cost for RGA Clients |
Significant e-underwriting solutions cost |
| Start-Up |
1 to 4 months |
Average 1 year |
| Location |
On RGA server |
On your server |
| Rules Set |
Fully maintained by RGA |
Maintenance required |
| Project Risk |
Standard integration model |
Capital investment amount |
| Insurance Risk |
RGA reinsurance guards against defects |
Rule quality and underwriting decision defects possible |
|---|
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