RGA Reinsurance Company

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Overview

RGA Reinsurance Group of America Incorporated (NYSE: RGA), which is a leading international global life and health reinsurance company with approximately $3.3 trillion of life reinsurance in force and assets of $64.5 billion, as of December 31, 2018.

Business lines include individual life reinsurance, individual living benefits reinsurance, health reinsurance, long-term care reinsurance, group reinsurance and financial solutions. RGA also supports clients with bancassurance and retakaful.

RGA is the worldwide leader in facultative underwriting. As a global organization, RGA has received more than 6 million facultative cases since 1979. RGA also offers product development, risk management, e-underwriting solutions and client training opportunities.

RGA has operations in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Singapore, South Africa, South Korea, Spain, Taiwan, the United Arab Emirates, the United Kingdom, and the United States.

AURA NEXT

AURA NEXT has been a global leader in automated underwriting for nearly 20 years, with more than 50 implementations across 20 countries and multiple languages, culminating in processing more than 4 million applications annually. As part of RGAX Underwriting Solutions, AURA NEXT is a decision management platform that enhances your underwriting decisions and optimizes outcomes.

We strongly believe that the underwriting decision is the most important component of the new business process and as such demands technology singularly focused on rendering the most comprehensive, accurate and quick decision at the point of sale. Provided in a Software as a Service (SaaS) model, AURA NEXT is always current, featuring the latest capabilities and technology available to support automated underwriting. From providing advanced reflexive interview questions on any web based device to providing a rules engine and rule set able to support multi-variate decisioning, AURA NEXT is the underwriting platform that supports the future of data-driven underwriting.

The AURA NEXT solution specifically enables clients to provide their customers with a new business process that is truly end-to- end by extending the digital capabilities expected by the consumer through the underwriting decision to an immediate accurate point of sale decision if desired. As the life insurance consumer continually pushes for a more seamless and less intrusive new business process, it is critical that carriers also maintain the underwriting discipline to ensure risks are assessed accurately, considering all available evidence sources.

Key Benefits of AURA NEXT

• Delivered in a seamless Software-as-a-Service (SaaS) model, hosted globally on Amazon Web Services (AWS). Updates and enhancements to the AURA NEXT platform are provided on a quarterly basis and managed and implemented by the AURA NEXT Technology team. The new SaaS model ensures our clients are always current on the platform, with a lower total cost of ownership.

• Client self-sufficiency for the management of their specific underwriting rules and interviews is a stated objective of AURA NEXT implementations. Clients do not need to depend on the AURA NEXT technology for rules maintenance. Training to support self-sufficiency is part of standard projects.

• Advanced technology and architecture of AURA NEXT enables clients to effectively utilize new and emerging evidence sources, with the ability to utilize these evidence sources in more accurate and complex multi-variate decisioning. AURA NEXT is designed to support the future of underwriting.

• Separation of reflexive questions from underwriting rules, allows the interview data to be utilized by the decision engine as another evidence source enabling a more comprehensive analysis of the individual being underwritten and allows for reflexing questions from external evidence.