ST. LOUIS, Nov. 8, 2019 – Reinsurance Group of America, Incorporated (RGA), a leading global life and health reinsurer, received the silver award for “Innovator of the Year” and was named winner of the Business & Operating Model Transformation category for APEXA at the Efma-Accenture Innovation in Insurance Awards in North America.
The Efma-Accenture Innovation in Insurance Awards have served as a catalyst for innovation in the insurance sector and have helped insurers develop better disruptive strategies. This competition is a showcase of the most exciting and effective innovations that are taking advantage of emerging technologies and responding to opportunities in insurance.
RGA received the silver award for “Innovator of the Year” for embracing solutions that enable a new level of personalization and convenience for insurance consumers. This award complements RGA’s previous recognition as Life Reinsurer of the Year at the Reactions North America Awards in September, which honor the achievements of companies that help raise industry standards across the region.
APEXA, a subsidiary of RGA’s transformation engine RGAX, received the gold award in the Business & Operating Model Transformation category. APEXA’s innovative digital platform was recognized for transforming how life advisor screening, contracting, and compliance are conducted across the Canadian life insurance industry.
“We are honored to receive these awards as they recognize our relentless pursuit of innovation and our shared drive to meet the ever-evolving needs of our clients,” said Dennis Barnes, Chief Executive Officer of RGAX. “Innovation has always been core to RGA’s operations, and we are pleased to be recognized by leading organizations like Efma and Accenture.”
Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.4 trillion of life reinsurance in force and assets of $75.8 billion as of September 30, 2019. Founded in 1973, RGA is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions. To learn more about RGA and its businesses, visit the company’s website at www.rgare.com.
RGAX is a wholly owned subsidiary of Reinsurance Group of America, Incorporated. RGAX was formed in 2015 as the transformation engine of RGA, leveraging the talent, resources, and insight of RGA’s 40+ years of innovation. As a global company with offices in the Americas, EMEA, and Asia, RGAX partners with carriers and entrepreneurs to incubate and accelerate new products and services to advance and expand the life insurance ecosystem. With a mission to help people live longer, healthier, more financially secure lives, RGAX is powering the next generation of data analytics, digital distribution, customer engagement, and insurance service solutions. For more information, please visit www.rgax.com.
APEXA is a centralized, standardized digital contracting and compliance solution connecting Canadian advisors, MGAs, and carriers. APEXA was created by bringing together teams of experts from nine leading Canadian MGAs and carriers, industry compliance professionals, and subject matter experts to form Canada’s first industry-governed solution for advisor contracting and compliance. APEXA, a brand under the LOGiQ3 family of companies, was acquired by RGAX in 2018. Visit www.apexa.ca for additional information.