Benesure Reduces Underwriting Time with AURA From RGA Technology Partners, Inc.
Benesure Canada has successfully launched AURA, an automated underwriting system that makes decisions on applications and routes applications to the appropriate person for quicker processing. Benesure is using AURA to help mortgage brokers and lenders throughout Canada who underwrite mortgage life and disability protection. AURA was developed by RGA Technology Partners, Inc.
Orlando, FL (PRWEB) May 20, 2009 -- RGA Technology Partners, Inc., a wholly-owned subsidiary of Reinsurance Group of America, Incorporated (NYSE:RGA), today announced that Benesure Canada has launched its use of the AURA® Product Suite in Canada. AURA (Automated Underwriting and Risk Analysis) helps automate underwriting decisions, speeding up the time to issue a policy and greatly improving the data gathered about an applicant. Benesure Canada is using AURA to help mortgage brokers and lenders across Canada who use them to underwrite mortgage life and disability protection. Benesure found out about AURA through the Canadian reinsurer, RGA Canada Re.
"Benesure's addition of AURA is part of a new trend we are seeing where carriers are using the product through an outsourcing service provider," said Jym Barnes, President and Chief Executive Officer, RGA Technology Partners, Inc. "We are excited to be working with Benesure in this kind of environment. Their industry expertise and high level of client service is something we are very proud to be a part of."
"Our clients are our focus, so anything we can do to improve our service to them is important," said Tina Bellavia, Vice President, Mortgage Broker Product Management and Operations, Benesure. "On the day we launched, AURA proved itself, helping us underwrite an applicant (that previously would have taken days) in just a matter of hours. Our goals are continuing to be met. We are thrilled to watch AURA streamline our processes and improve our time service for clients."
For further information, contact:
Steven Bryzeal
Vice-President, Development
T 636.736.8010
F 314.680.7239
RGA Technology Partners, Inc. (RTP) is a wholly-owned subsidiary of Reinsurance Group of America, Incorporated (RGA). RTP's AURA solution leverages RGA's 30-plus years of underwriting experience with RGA's underwriting rule sets integrated into the technology of RTP. AURA is designed to improve underwriting time service, manage risk consistently and reduce the costs associated with processing life insurance applications. It can be used in a traditional life insurance setting, in banks and call centers, and can be accessed by underwriters, agents, brokers and customer service representatives. For more information on RGA Technology Partners, Inc., visit http://www.rgatp.com.
Reinsurance Group of America Incorporated (RGA) is among the largest global providers of life reinsurance with subsidiary companies or offices in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Mexico, Poland, South Africa, South Korea, Spain, Taiwan, the United Kingdom and the United States. Worldwide, the company has approximately $2.1 trillion of life reinsurance in force, and assets of $21.6 billion.
Benesure Canada, Inc. (formerly Lorriman & Long Management, Inc.) is the leader in providing insurance solutions for mortgage brokers and non-bank mortgage lenders across Canada. They provide creditor life & disability and home warranty programs under the brand names of Mortgage Protection Plan (MPP), Credit Security Plan (CSP) and Encompass Home Service. Benesure Canada, Inc., http://www.benesure.com.
The AURA logo, RGA Technology Partners, and the RGA logos are registered trademarks of Reinsurance Group of America, Incorporated in the United States. All other names mentioned herein may be trademarks.
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