AURA NEXT Completes SOC 2 Type II Examination
March 03 2021 - 4:30PM
Business Wire
RGAX today announced AURA NEXT, the SaaS-based underwriting
decision management platform from Reinsurance Group of America,
Incorporated (RGA) and RGAX, completed a Service Organization
Control (SOC) 2 Type II examination performed by an external
auditing firm.
Automated Underwriting and Risk Analysis® (AURA®) was launched
by RGA in 2001 to provide life insurers with an automated
underwriting platform backed by RGA’s more than 40 years of
industry expertise. The most recently released version of the
software is known as AURA NEXT, and it is one of the leading
solutions for automating underwriting in the global life insurance
industry today.
“We are incredibly proud of the tremendous effort put forth by
our teams to accomplish this as well as our commitment to the
continual improvement and evolution of the AURA NEXT platform,”
said Tonya Blackmore, Senior Vice President, Head of SaaS, RGAX.
"Completing the SOC 2 Type II examination will give our clients an
understanding of the processes, controls, and operating
effectiveness in place on the AURA NEXT platform related to
security, availability, and confidentiality.”
Developed by the American Institute of Certified Public
Accountants (AICPA), the SOC 2, or Service Organization Control
report, is an examination of controls at a service organization
relevant to Security, Availability, Processing Integrity,
Confidentiality or Privacy. Working with an independent public
accounting firm to complete the examination of controls under the
SOC Type 2 AICPA standards continues to be a priority investment
for RGA.
AURA NEXT combines RGA’s expertise in underwriting and
predictive analytics with advanced decision management
functionality to help carriers improve the new business client
experience and assist carriers in selling more life insurance. The
SaaS-based delivery ensures all AURA NEXT clients are utilizing the
most current version and allows for fast, accurate, consistent
underwriting decisions. These capabilities provide life insurance
clients, of any size, a competitive advantage through improved
efficiencies and enhanced underwriting. For more information about
the award-winning AURA NEXT platform, please visit rgare.com.
About RGAX RGAX LLC is a wholly owned subsidiary of
Reinsurance Group of America, Incorporated. RGAX was formed in 2015
as the transformation engine of RGA, leveraging the talent,
resources, and insight of RGA’s 40+ years of innovation. As a
global company with offices in the Americas, EMEA, and Asia, RGAX
partners with carriers and entrepreneurs to incubate and accelerate
new products and services to advance and expand the life insurance
ecosystem. With a mission to help people live longer, healthier,
more financially secure lives, RGAX is powering the next generation
of data analytics, digital distribution, customer engagement, and
insurance service solutions. For more information, please visit
www.rgax.com.
About RGA Reinsurance Group of America, Incorporated
(RGA), a Fortune 500 company, is among the leading global providers
of life reinsurance and financial solutions, with approximately
$3.5 trillion of life reinsurance in force and assets of $84.7
billion as of December 31, 2020. Founded in 1973, RGA today is
recognized for its deep technical expertise in risk and capital
management, innovative solutions, and commitment to serving its
clients. With headquarters in St. Louis, Missouri, and operations
around the world, RGA delivers expert solutions in individual life
reinsurance, individual living benefits reinsurance, group
reinsurance, health reinsurance, facultative underwriting, product
development, and financial solutions. To learn more about RGA and
its businesses, visit the company’s website at www.rgare.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210303005910/en/
Lizzie Curry Director, Public Relations 636-736-8521
lizzie.curry@rgare.com
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