Reinsurance Group of America, Incorporated has announced a strategic investment and exclusive global life and health reinsurance partnership with insurance technology company DigitalOwl.
Yuval Man, Co-Founder and CEO of DigitalOwl, commented, “With applications across numerous disciplines, including underwriting, automation, claims, and in-force analysis, DigitalOwl’s technology addresses inefficiencies that have plagued the life insurance underwriting process for decades.
“Working closely with RGA, we will be positioned to deliver transformative solutions to more clients and lead the digital transformation that is needed in the industry.”
Dave Rengachary, Senior Vice President, Head of Underwriting, U.S. Individual Life, RGA, said, “For more than 50 years, RGA has been deeply committed to underwriting excellence as a cornerstone of our client value proposition. Through our strategic partnership with DigitalOwl, this pursuit of excellence continues.”
Rengachary continued, “Enabled by DigitalOwl technology, we are developing a digital solution for carriers that will automate the processing of numerous sources of structured and unstructured data and synthesize them into a comprehensive underwriting decision in an all-digital format.
“Furthermore, we will integrate DigitalOwl as a core component of our internal underwriting operations.”
