FastTrack and RGA Partner to Bring Digital Workflow Automation and Claims System Technology to RGA Clients

Core Insights - FastTrack has formed a strategic partnership with Reinsurance Group of America (RGA) to enhance digital automation in life and disability insurance workflows [1][2] - The collaboration aims to combine RGA's reinsurance expertise with FastTrack's automation technology to drive innovation and improve client experiences [2][3] Company Overview - FastTrack, a division of Kamine Technology Group, has been a leader in automated claims management solutions for the life and disability insurance sector since 2012 [4] - RGA is a global leader in life and health reinsurance, managing approximately $4.0 trillion of life reinsurance in force and holding assets of$120.3 billion as of September 30, 2024 [6] Partnership Objectives - The partnership will focus on identifying insurance carriers that can benefit from digital transformation strategies, aiming for operational and financial improvements [3] - Both companies are committed to enhancing customer claim experiences and improving operational processes within the life and disability insurance vertical [3] Technological Advancements - FastTrack's automation tools can eliminate up to 90% of manual administrative tasks and accelerate claim decisions by 30%-40% [5] - The collaboration is expected to create data-rich digital claimant profiles, which will reduce risk and improve the overall claims journey experience for various stakeholders [5]