RGA Reinsurance Company
1370 Timberlake Manor Parkway
Chesterfield, MO 63017
Website: www.rgare.com
CONTACT: Kathryn Cox, Vice President,
Business Development
PHONE: 636.736.8108
CELL: 314.229.1536
E-MAIL: kcox@rgare.com
Overview
The cornerstone of any successful business
is customer service. Whether the customer
is internal or external, a consumer or another
business, the best ideas and products in the
world will not profit a company if it does not
put the customer first.
Reinsurance Group of America, Incorporated (RGA) is a leader in the global life insurance
industry in part because of its unwavering
commitment to customer service. Headquartered in St. Louis, Missouri, RGA is one of the
largest life reinsurers in the world, with approximately $2.8 trillion of life reinsurance in force
and assets of more than $32.2 billion. RGA is
also the largest facultative underwriter in
North America and a leader worldwide, with
an annual facultative underwriting capacity exceeding 100,000 cases in the U.S. and more
than 300,000 globally.
From operations in 25 countries around the
world, RGA provides the following products
and services:
◗ ◗ Individual Life Reinsurance
◗ ◗ Facultative Underwriting
◗ ◗ Electronic Underwriting
◗ ◗ Long-Term Care, Individual Health and
Critical Illness Reinsurance
◗ ◗ Group Life, Health and Long-Term Disability Reinsurance
◗ ◗ Financial Reinsurance Solutions
◗ ◗ Annuity Reinsurance
◗ ◗ Product Development
◗ ◗ Longevity Reinsurance
◗ ◗ Acquisitions Support
Life Reinsurer” for the fourth consecutive
time by North American life insurers in the
2011 Flaspöhler Cedant Survey (Life—North
America), and was named “Life Reinsurance Company of the Year” at the 2011
Worldwide Reinsurance Awards, sponsored
by The Review.
also prepared to purchase closed blocks and
consider the transfer of direct policy administration responsibilities.
SPECIAL SECTION reinSUrance
Client Focus
RGA’s actuaries, underwriters and other professionals bring an attitude of responsiveness
and partnership to clients in every region and
market in which RGA operates. It is this quality that separates RGA from its competitors.
Rather than expecting clients to adjust their
needs to fit RGA’s products, RGA tailors its
products to fit its clients’ needs. Year after
year, RGA achieves top rankings in industry
surveys of ceding companies in categories
such as business capability and customer
satisfaction. RGA was named “Best Overall
Innovation
Another of RGA’s core strengths is its expertise at analyzing and synthesizing data
and insights from its significant mortality
experience, and developing truly innovative
research studies and products that ultimately
help its clients improve their ability to assess
risk profitably.
In January 2012, RGA earned recognition
from the Innovators Showcase, a new A.M.
Best forum that honors “forward thinking”
from insurance organizations. Two RGA innovations—Prescription History Research and
the proprietary Automated Selection and
Assessment Program (ASAPSM)—were selected for their ability to enhance underwriting
effectiveness and help companies more competitively classify risk. A panel of insurance
industry experts assessed the relative merits
of nearly 70 submissions, and RGA’s entries
were two of only 15 recognized by A.M. Best.
The ASAPSM program has innovated underwriting from the direct company underwriter
perspective by streamlining the facultative
shopping process. Direct company underwriters receive a facultative decision for one or two
impairment cases in minutes rather than days.
RGA is also at the forefront of the industry
with its electronic underwriting offerings.
The AURA® suite of underwriting tools is the
world’s premier knowledge-based system for
life insurance underwriting and risk management. Life insurers, banks and other financial
institutions rely on AURA to complement
their existing underwriting processes, and in
return AURA allows them to realize substantial improvements in underwriting times and
expense.
RGA is able to provide the required risk and
regulatory capital, pricing expertise, structuring
expertise and administrative expertise to assist
clients with acquisition transactions. RGA is
Enhancing Industry Data
RGA leverages its core mortality expertise
and data, sometimes in combination with
outside data experts, to provide innovative
value-added services for clients and to generate groundbreaking insights. For example,
in 2011, in response to growing industry
concern over practices that led to increased
persistency risk in early durations, RGA completed joint research with MIB Group, Inc.
(MIB) to quantify the link between an individual’s level of prior insurance activity,
as indicated by MIB’s Extended Application
Activity Alert, and the risk of early policy
lapsation.
RGA also completed a joint study with Lex-isNexis® in 2011 to evaluate the protective
value of motor vehicle records in life underwriting and to quantify the additional mortality
risk of applicants with adverse driving records.
The extensive study reviewed more than seven million applicants and approximately 73,000
deaths during the study period.
Financial Strength
Current ratings for RGA’s principal operating
subsidiary, RGA Reinsurance Company, are:
◗ ◗ Standard and Poor’s: AA- (Very Strong)
◗ ◗ A.M. Best Company: A+ (Superior)
◗ ◗ Moody’s Investors Service: A1 (Good)
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