Insurance firms prosper through RGA's risk management solutions
The crowded market, persistent low-interest environment and the lukewarm demand for protection products put many life insurance companies in Taiwan under pressure. As companies encounter challenges, RGA Global Reinsurance's Taiwan branch is steadfast in ensuring its clients' continuous success.
RGA Taiwan is the largest reinsurance company and the biggest writer of whole life, hospital and surgical cash products in Taiwan. It provides complete risk management solutions to leading insurance companies. Leveraging the strength of RGA International, a one-stop reinsurance solutions provider, RGA Taiwan also offers efficient and timely service by employing local industry professionals.
"Clients regard us as consultants as we share ideas with RGA branches across 26 countries worldwide," says Henry Yang, RGA Taiwan CEO. "We also hire proficient local employees to help us make quicker decisions."
RGA Taiwan backs its facultative expertise with a high level of client support. It offers innovative products, such as the Critical Illness Grouping product that gives front-end customers flexibility, and employs sophisticated, forward-thinking tools.
"We are client-focused," says Amy Tsai, RGA Taiwan chief marketing officer. "Our solutions do not only consider the pricing or design of the product. We help clients simplify the underwriting process and expand their distribution channels."
One such tool is e-Underwriting Solutions, designed to help organisations underwrite better, faster and with greater consistency. The company also helps clients understand the market better through research that provides insights into the customers' purchase behaviour. Helping identify risks better through data analytics, RGA Taiwan uses the predictive modelling tool. This initiative makes it easier for insurance companies to create valuable business development strategies.
Transforming market understanding into opportunities, RGA Taiwan helps clients grow by offering solutions to different distribution channels. It is constantly looking for ways to help the local insurance industry write more protection business.
"We build trust," Yang says. "We have the largest reinsurance team on the ground helping customers grow. That's the way for us to grow."
RGA Global Reinsurance – Taiwan Branch