Under the agreement, RGA and FastTrack will collaborate to identify insurance carriers that can significantly benefit from this partnership. Both companies will then engage in a joint process to assist life and life waiver of premium insurance carriers in executing their digital transformation initiatives. This collaboration aims to help carriers achieve operational and financial improvements while enhancing the customer claims experience.
Senan O’Loughlin, Executive Vice President, Head of U.S. Individual Life, RGA, said: “RGA is focused on driving digital transformation initiatives that impact the entire life insurance lifecycle. This partnership enables intelligent automation capabilities across life insurance and waiver of premium product.”
He continued: “FastTrack’s ability to digitize both claims workflow and claim system functionality is a leap forward in this journey, and this partnership exemplifies how RGA addresses client pain points with innovative solutions tailored to their needs.”
Thomas Capato, CEO & Cofounder, FastTrack, added: “We are excited about this strategic partnership with RGA. Through this collaboration, we are not only expanding our capabilities but also delivering greater value to our customers. Together, we are poised to innovate and drive growth, and we look forward to a successful partnership that will benefit all stakeholders and set new benchmarks in our industry.”
