Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Sovereign Chooses AURA to Automate Underwriting

Sovereign Chooses AURA From RGA Technology Partners, Inc. to Automate Underwriting

AUCKLAND, NEW ZEALAND/ST. LOUIS, MO USA, December 3, 2007 – RGA Technology Partners, Inc. a wholly-owned subsidiary of Reinsurance Group of America, Incorporated (NYSE:RGA) today announced that Sovereign Services Limited has entered into a commercial agreement with RTP to implement the AURA Product Suite in the New Zealand market.

AURA (Automated Underwriting and Risk Analysis) helps automate underwriting decisions, speeding up the time to issue a policy and improving the data gathered about an applicant. Sovereign is New Zealand’s largest life insurer and a part of the ASB Group of Companies.

“We are excited to have Sovereign join the list of companies realizing the value of automated underwriting,” said Jym Barnes, President and Chief Executive Officer, RGA Technology Partners, Inc. “Sovereign holds a well-respected place in the industry and we are pleased to be partnering with them as they continue to serve their market.”

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

Reinsurance Group of America, Incorporated, through its various operating subsidiaries, is among the largest global providers of life reinsurance. In addition to its U.S. operations, Reinsurance Group of America, Incorporated has subsidiary companies or offices in Australia, Barbados, Canada, China, Hong Kong, India, Ireland, Japan, Mexico, South Africa, South Korea, Spain, Taiwan, and the United Kingdom. Worldwide, the company has approximately $1.7 trillion of life reinsurance in force, and assets of $16.2 billion. MetLife, Inc. is the beneficial owner of approximately 53 percent of RGA's outstanding shares.

Sovereign has been part of New Zealanders' lifestyles since 1989, providing a comprehensive suite of life and health insurance, home loans, investment and superannuation products. As part of the ASB Group of companies, Sovereign is one of New Zealand's leading financial services providers. Our ability to identify opportunities and deliver products to meet the individual needs of our customers has positioned us as New Zealand's largest life insurer and non-bank home loan lender. People form the heart of our business. As a values based organisation, comprising close to 800 people, we play an active role in many community initiatives throughout New Zealand.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news