Reinsurance Group of America, Incorporated and RGAx LLC Announces AURA NEXT Completes SOC 2 Type II Examination
March 03, 2021 at 09:30 pm
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RGAx LLC announced AURA NEXT, the SaaS-based underwriting decision management platform from Reinsurance Group of America, Incorporated (RGA) and RGAX, completed a Service Organization Control (SOC) 2 Type II examination performed by an external auditing firm. Automated Underwriting and Risk Analysis® (AURA®) was launched by RGA in 2001 to provide life insurers with an automated underwriting platform backed by RGA’s more than 40 years of industry expertise. The most recently released version of the software is known as AURA NEXT, and it is one of the leading solutions for automating underwriting in the global life insurance industry present. AURA NEXT combines RGA’s expertise in underwriting and predictive analytics with advanced decision management functionality to help carriers improve the new business client experience and assist carriers in selling more life insurance. The SaaS-based delivery ensures all AURA NEXT clients are utilizing the most current version and allows for fast, accurate, consistent underwriting decisions. These capabilities provide life insurance clients, of any size, a competitive advantage through improved efficiencies and enhanced underwriting.
Reinsurance Group of America, Incorporated is an insurance holding company. The Company is a provider of traditional life and health reinsurance and financial solutions. The Company has four segments. The U.S. and Latin America Traditional segment provides individual and group life and health reinsurance, including long-term care, to domestic clients for a variety of products. The Canada Traditional segment is primarily engaged in individual life reinsurance, and to a lesser extent creditor, group life and health, critical illness and disability reinsurance. The Europe, Middle East and Africa Traditional segment provides individual and group life and health products through yearly renewable term and coinsurance agreements, reinsurance of critical illness coverage. The Asia Pacific Traditional segment provides individual and group life and health reinsurance, critical illness coverage, disability and superannuation through yearly renewable term and coinsurance agreements.