RGAX announced AURA NEXT, the SaaS-based underwriting decision management platform from Reinsurance Group of America, Incorporated (RGA) and RGAX, completed a Service Organization Control (SOC) 2 Type II examination performed by an external auditing firm.
Automated Underwriting and Risk Analysis® (AURA®) was launched by RGA in 2001 to provide life insurers with an automated underwriting platform backed by RGA’s more than 40 years of industry expertise. The most recently released version of the software is known as AURA NEXT, and it is one of the leading solutions for automating underwriting in the global life insurance industry today.
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“We are incredibly proud of the tremendous effort put forth by our teams to accomplish this as well as our commitment to the continual improvement and evolution of the AURA NEXT platform,” said Tonya Blackmore, Senior Vice President, Head of SaaS, RGAX. “Completing the SOC 2 Type II examination will give our clients an understanding of the processes, controls, and operating effectiveness in place on the AURA NEXT platform related to security, availability, and confidentiality.”
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Developed by the American Institute of Certified Public Accountants (AICPA), the SOC 2, or Service Organization Control report, is an examination of controls at a service organization relevant to Security, Availability, Processing Integrity, Confidentiality or Privacy. Working with an independent public accounting firm to complete the examination of controls under the SOC Type 2 AICPA standards continues to be a priority investment for RGA.
AURA NEXT combines RGA’s expertise in underwriting and predictive analytics with advanced decision management functionality to help carriers improve the new business client experience and assist carriers in selling more life insurance. The SaaS-based delivery ensures all AURA NEXT clients are utilizing the most current version and allows for fast, accurate, consistent underwriting decisions. These capabilities provide life insurance clients, of any size, a competitive advantage through improved efficiencies and enhanced underwriting.
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