Reinsurance Group of America Inc.
11/15/2024 | Press release | Distributed by Public on 11/15/2024 08:07
RGA Launches Aspire, a Cutting-Edge Health Insurance Administration Platform in UAE
DUBAI, Nov. 15, 2024 - Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced the launch of Aspire - a licensed third-party administrator based in the United Arab Emirates (UAE). Developed in partnership with technology provider CarePay, Aspire offers an innovative platform aimed at transforming health insurance portfolio management for insurance companies.
The state-of-the-art Aspire platform facilitates real-time data exchange and communication between insurers and key stakeholders, with the highest security standards in line with the General Data Protection Regulation (GDPR). Through Aspire's advanced technology, insurance companies can benefit from enhanced efficiency in claims processes and overall sustainability, providing excellent value to insured members.
"Aspire represents a groundbreaking advancement in how insurers manage their health portfolios in the Middle East," said Simon Wainwright, Executive Vice President, Head of EMEA, RGA. "By leveraging cutting-edge technology, this platform delivers exceptional value. We are proud to introduce this innovative digital solution that will redefine medical insurance administration across the region."
The platform is accessible through either a white-labelled Aspire digital platform or licensed third-party administrator services. Aspire allows insurers to optimize medical insurance administration and connect with healthcare stakeholders.
For more information about Aspire, visit www.healthaspire.com.
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA) 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. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus - all directed toward creating sustainable long-term value. RGA has approximately $4.0 trillion of life reinsurance in force and assets of $120.3 billion as of September 30, 2024. To learn more about RGA and its businesses, please visit rgare.com or follow RGA on LinkedIn and Facebook. Investors can learn more at investor.rgare.com.
The state-of-the-art Aspire platform facilitates real-time data exchange and communication between insurers and key stakeholders, with the highest security standards in line with the General Data Protection Regulation (GDPR). Through Aspire's advanced technology, insurance companies can benefit from enhanced efficiency in claims processes and overall sustainability, providing excellent value to insured members.
"Aspire represents a groundbreaking advancement in how insurers manage their health portfolios in the Middle East," said Simon Wainwright, Executive Vice President, Head of EMEA, RGA. "By leveraging cutting-edge technology, this platform delivers exceptional value. We are proud to introduce this innovative digital solution that will redefine medical insurance administration across the region."
The platform is accessible through either a white-labelled Aspire digital platform or licensed third-party administrator services. Aspire allows insurers to optimize medical insurance administration and connect with healthcare stakeholders.
For more information about Aspire, visit www.healthaspire.com.
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA) 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. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus - all directed toward creating sustainable long-term value. RGA has approximately $4.0 trillion of life reinsurance in force and assets of $120.3 billion as of September 30, 2024. To learn more about RGA and its businesses, please visit rgare.com or follow RGA on LinkedIn and Facebook. Investors can learn more at investor.rgare.com.