Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, announced a strategic investment and exclusive global life and health reinsurance partnership with DigitalOwl.
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DigitalOwl is an insurance technology company that utilizes advanced artificial intelligence to interpret and transform medical records into a comprehensive and interactive Digital Underwriting Abstract.
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“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,” said Dave Rengachary, Senior Vice President, Head of Underwriting, U.S. Individual Life, RGA. “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.”
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“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,” said Yuval Man, Co-Founder and CEO, DigitalOwl. “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.”
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About RGA
Reinsurance Group of America, Incorporated is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all.
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