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Stock impact report

RGA Launches FAC Exchange to Replace FAC Console

Reinsurance Group of America, Incorporated (RGA) 
Last reinsurance group of america, incorporated earnings: 1/28 04:15 pm Check Earnings Report
Company Research Source: Business Wire
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA) a leading global life and health reinsurer, today announced the launch of FAC Exchange, through which carriers can electronically send facultative cases to multiple reinsurers from a single point, and reinsurers can send quotes using an industry standardized format.FAC Exchange, the latest innovation brought to market by RGA, will replace FAC Console, the solution developed by RGA that has been the industry standard for the transmission of facultative cases for over 20 years.“When FAC Console launched in 2000, it changed everything and solved an industrywide problem. Through FAC Console, carriers were able to greatly improve efficiency in the facultative underwriting process, while saving on copying, mailing and delivery fees,” said Lisa Wagganer, Vice President, Technical Underwriting Operations, RGA. “A cornerstone of the service is neutrality: No carrier or reinsurer receives preferential treatme Show less Read more
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