Reinsurance software solution firm TAI enters longevity market
TAI, a provider of reinsurance administration software in North America, has entered the longevity market with a brand new deal in the UK.
The deal will enable TAI’s platform to power the company’s first longevity reinsurance administration system. Through the platform, clients will be able to self-report all reinsurance business, both ceded and retroceded, in an electronic format to share with their reinsurance partners.
“We are thrilled to introduce TAI to a new global market,” said Tom Freitas, CEO, TAI. “Carriers in the UK and across EMEA will now have access to an administrative tool and platform that can not only automate manual processes and improve accuracy but also save money.”
“As the leader in life reinsurance systems, TAI’s solution is solving industry problems and ultimately improving risk management for everyone,” Freitas added.
TAI is part of the RGAX family of companies, which includes a comprehensive suite of solutions for the global insurance and reinsurance sector. RGAX is a wholly-owned subsidiary of RGA (Reinsurance Group of America, Incorporated).
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