RGA Expands Underwriting Ecosystem with SaaS Workbench Powered by Management Research Services
ST. LOUIS, November 17, 2022 — Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced the expansion of their underwriting ecosystem for U.S. life underwriting clients by implementing a leading SaaS-based underwriting workbench powered by Management Research Services, Inc. (MRS).
RGA has partnered with MRS to implement their no-code platform enabling RGA to quickly configure and implement innovative underwriting programs for its clients. Further demonstrating RGA’s relentless client focus, the workbench streamlines integrations to support an ever-growing volume of traditional and alternative underwriting evidence along with flexible workflows that drive speed-to-decision for underwriting clients. The robust data insights enabled by the workbench generate operational efficiencies and fuel client underwriting innovation.
“RGA is deeply committed to innovation that delivers tangible and sustainable value for our clients,” said Dave Rengachary, Senior Vice President, Head of Underwriting, U.S. Mortality Markets, RGA. “In line with that, the workbench provides the technology backbone that is foundational for the modernization of underwriting for our clients.”
“MRS is extremely grateful for the opportunity to expand our relationship with RGA. These are exactly the type of partnerships that drive digital transformation with meaningful results throughout our industry,” said Tim Dineen, Chief Executive Officer, MRS. “Our SaaS-based, no-code platform enables RGA to streamline their operations and provide superior results for the company and its clients.”
Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is one of the world’s largest and most respected reinsurers and is guided by a fundamental purpose: to make financial protection accessible to all. RGA is widely recognized for superior risk management and underwriting expertise, innovative product design, and dedicated client focus. RGA serves clients and partners in key markets around the world and has approximately $3.3 trillion of life reinsurance in force and assets of $82.7 billion as of September 30, 2022. To learn more about RGA and its businesses, visit www.rgare.com. Follow RGA on LinkedIn, Twitter, and Facebook.
With over 30 years of experience in the insurance industry, MRS has created the foundation for the next evolution in life, health, and annuity insurance automation featuring no-code, customized underwriting solutions to support a range of insurance services.
With E-App, Rules Engine, and Workbench, the MRS platform brings value to the entire insurance distribution lifecycle by eliminating manual data extraction, entry, and processing. The capabilities and flexibility of the platform allow customers to use it as a single solution or as a tool to support and enhance current solutions already in place.
MRS provides a streamlined, fast, and in good order experience, to enable an extremely high point-of-sale decision rate. It can completely remove the challenges of the traditional code-based approach and provide and empower organizations with a truly innovative product.
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