Best's Review Recognizes RGA for Successful Innovation

Best's Review Recognizes RGA for Successful Innovation 
ST. LOUIS, MO -- (Marketwire) -- 01/03/13 --  RGA Reinsurance
Company, a subsidiary of Reinsurance Group of America, Incorporated
(NYSE: RGA), a leader in the life reinsurance industry, has been
recognized for innovation by A. M. Best for the second consecutive
year. 
RGA has been recognized in the Innovation Showcase, published in the
January 2013 edition of Best's Review magazine, for evidence-based
research that confirmed the value that driving behavior holds as a
factor in underwriting life insurance. RGA researched the correlation
between motor vehicle records and mortality rate, the results of
which have led to a more-nuanced approach for using those records for
life insurance underwriting, including risk stratifications by age
and gender, number of violations, and the type and severity of
violations. 
The MVR study analyzed the all-cause mortality experience of a large
cohort of applicants linked to the number and severity of their
recent driving infractions, and verified that significant excess
mortality risk exists for applicants with a recent history of either
major or frequent driving violations.  
Innovation Showcase is a forum for recognizing forward thinking among
insurance organizations. A panel of insurance industry experts
assessed the relative merits of the submissions. In reviewing the RGA
submission, Bill Jenkins, Managing Partner, Agile Insurance
Technologies, said, "This organization is using data, internal and
external, for innovative information insight. This innovative use of
data (motor vehicle records to mortality tables) is providing
insurers the ability to accomplish more granular risk segmentation,
customer segmentation and find correlations between data and
risks/customers. They seem to be the leading cusp in the use of data
in the life industry." 
"One of RGA's core strengths is our ability to share new ideas,
insights and solutions with our clients and the industry. We have
demonstrated innovation in many ways throughout our history, and I am
very pleased to see the innovative work of our associates recognized
by industry experts in Best's Review," said Greig Woodring, President
and Chief Executive Officer, Reinsurance Group of America,
Incorporated. 
To read about this in
novation, visit:
http://www3.ambest.com/bestweek/getpublication.asp?issueid=9c3baaf9&pageid=18 
The full MVR study can be viewed at:  
http://www.rgare.com/media-center/Documents/Motor%20Vehicle%20Records%20and%20All-Cause%20Mortality.pdf 
RGA continues to drive innovation in the life insurance industry,
recently sponsoring an Innovation Series of presentations at the 2012
Society of Actuaries Annual Meeting, and launching a nationwide
Market Innovation Challenge designed to increase awareness among
young Americans of the value of life insurance. More information on
RGA innovation initiatives can be viewed at:
http://www.rgare.com/knowledgecenter; and information on the Market
Innovation Challenge is available at: www.rgare.com/rgainnovation. 
About Best's Review 
Best's Review is published by the A.M. Best Co. for insurance
professionals, including home office executives, agents and brokers.
Founded in 1899, A.M. Best Co. is the world's oldest and most
authoritative insurance rating and information source. 
About RGA
 Reinsurance Group of America, Incorporated (NYSE: RGA) is
among the largest global providers of life reinsurance, with
operations in Australia, Barbados, Bermuda, Canada, China, France,
Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico,
the Netherlands, New Zealand, Poland, Singapore, South Africa, South
Korea, Spain, Taiwan, the United Arab Emirates, the United Kingdom
and the United States. As of September 30, 2012, the company had
approximately $2.9 trillion of life reinsurance in force and assets
of $39.9 billion. 
For further information, please contact: 
Sally Smith
Vice President, Corporate Communications
RGA Reinsurance Company
T +1.636.736.8167
E ssmith@rgare.com 
 
 
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