Reinsurance News

SCOR backs AIMCOR’s next-gen digital term life insurance product

21st February 2024 - Author: Akankshita Mukhopadhyay

French reinsurer SCOR has joined forces with AIMCOR Group to usher in a new era of efficiency and accessibility in the term life insurance landscape.

scor-logoThe new product, AIMCOR QuickLife, is powered by Techficient’s Dynamic Platform, and is underwritten by Ameritas and reinsured by SCOR.

By harnessing predictive data modeling and cutting-edge technology, QuickLife looks to redefine the traditional barriers associated with obtaining term life insurance coverage.

With an online underwriting decision delivered in seconds, clients and agents alike can navigate the application process with unprecedented speed and simplicity.

Marc Verbos, Executive Vice President of AIMCOR Group, emphasised the significance of this collaboration in empowering AIMCOR’s member firms and producers to deliver unparalleled value to clients.

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He noted that QuickLife represents a pivotal step towards enhancing market differentiation and meeting the evolving needs of families seeking essential insurance coverage.

The integration of SCOR’s reinsurance expertise adds a layer of security and stability to the QuickLife platform, further bolstering its appeal to both consumers and industry professionals.

By underpinning QuickLife with robust reinsurance support, AIMCOR ensures that clients receive the protection they need, backed by the financial strength and reliability of SCOR.

John Ziambras, President & CEO of AIMCOR Group, hailed the partnership as a testament to AIMCOR’s commitment to driving business transformation and operational excellence.

By leveraging SCOR’s reinsurance solutions alongside innovative technology platforms like QuickLife, AIMCOR aims to redefine industry standards and expand access to life insurance coverage for individuals and families nationwide.

Bob Jurgensmeier, CEO of Ameritas, expressed enthusiasm for the collaborative efforts driving the evolution of the life insurance industry.

He emphasised the importance of delivering results through simplified, user-centric experiences, underscoring the value proposition of AIMCOR’s QuickLife platform.

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